https://www.miningweekly.com

New Lucara management to focus on Karowe, digital sales platform

22nd March 2018

By: Schalk Burger

Creamer Media Senior Deputy Editor

     

Font size: - +

JOHANNESBURG (miningweekly.com) – TSX-listed diamond miner Lucara has announced that incoming Lucara CFO and corporate secretary Zara Boldt will join the management team as the company focuses on increasing the value of its core diamond mining business at Karowe, Botswana, and on supporting the development of Clara, the company’s new secure, digital diamond sales platform, said Lucara CEO Eira Thomas.

These moves are being taken to consolidate all of Lucara’s management team in a common Vancouver office.

Outgoing Lucara CFO Glenn Kondo and Lucara legal VP and corporate secretary Jennifer Lecour were thanked for their services. They agreed to remain in an advisory capacity with the company until May 31, to facilitate the smooth transition of their respective responsibilities to Boldt.

“Under Glenn’s leadership, the company has developed and fostered a strong culture of fiscal responsibility and operational excellence, supported by a finance team with significant experience in Botswana and Canada,” said Thomas.

“Jennifer’s contributions included the establishment and management of key commercial contracts at Karowe, and the development of a strong governance framework for the company,” she highlighted.

Boldt is a professional accountant who has spent the majority of her career in progressively senior financial leadership roles within public companies in the mineral exploration and development industry.

“Boldt served as the CFO and corporate secretary for Strongbow Exploration. In addition, she served as the CFO and corporate secretary of Kaminak Gold Corporation, where she was responsible for corporate due diligence and the negotiation, documentation and execution of a plan of arrangement for an acquisition transaction valued at C$520-million.”

Prior to this, Boldt served for eight years as the finance VP and CFO for Stornoway Diamond Corporation, where she was a member of the senior management team responsible for arranging financing in excess of $900-million for the development of the Renard diamond mine, in Quebec.

Boldt is also a director and chairperson of the audit committee for Bluestone Resources and Gold Standard Ventures.

CLARA PLATFORM
Lucara’s Clara platform uses proprietary analytics, together with cloud and blockchain technologies, to modernise the existing diamond supply chain, driving efficiencies and ensuring diamond provenance across the entire value chain.

The platform, following the $29-million acquisition of Clara Diamond Solutions by Lucara in February, would unlock value for diamond producers and manufacturers alike.

Clara is a commercially scalable, digital platform that applies computing algorithms to match rough diamond production to specific polished manufacturing demand on a stone by stone basis.

It allows buyers to source rough diamonds tailored to specific polished diamond demand resulting in improved margins for both buyers and sellers. The platform also eliminates dependency on a fixed sales cycle, reducing unwanted carrying costs for stakeholders.

Additional reporting by Megan van Wyngaardt.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

VEGA Controls SA (Pty) Ltd
VEGA Controls SA (Pty) Ltd

For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...

VISIT SHOWROOM 
M and J Mining
M and J Mining

M and J Mining are leading suppliers of physical support systems as used by the underground mining industry. Our selection of products are not...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Hyphen, Eva mine, ferrochrome price make headlines
Hyphen, Eva mine, ferrochrome price make headlines
27th March 2024
Resources Watch
Resources Watch
27th March 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.1 0.135s - 88pq - 2rq
Subscribe Now