Head of Australian Miner Burgundy Diamond Resigns
Rough diamonds from the Ellendale Diamond Mine in Western Australia, where Burgundy Diamond Mines is working to restart operations. Peter Ravenscroft, the head of Burgundy, just resigned with immediate effect.
"Perth, Australia—The head of Burgundy Diamond Mines Ltd., the company mining yellow diamonds at Ellendale in Western Australia, has resigned, the company announced late last week.
Burgundy gave no reason for the departure of Managing Director and CEO Peter Ravenscroft, noting only that his departure was effective immediately and thanking him for his “dedication and service” to the company.
The board named Kim Truter, who was appointed as a non-executive director in September 2020 and selected as non-executive chair of the board in December 2021, as interim CEO.
Truter has more than 30 years of experience at both aboveground and underground operations, including diamond mines in Canada, Australia, and Africa. He most recently worked at De Beers Canada and, prior to that, Rio Tinto Diamonds.
Michael O’Keeffe, who was appointed to the company’s board in June 2017, was named executive chairman.
O’Keeffe served as managing director of Glencore Australia Ltd. from 1995 to 2004 and executive chairman of Riversdale Mining Ltd. before Rio Tinto acquired it in 2011.
He is currently the executive chairman and former CEO of Champion Iron Ltd., which operates an iron ore project in Canada.
Based in the Australian city of Perth, Burgundy is one of two companies working to revive mining at Ellendale, a site famed for its bright yellow diamonds and once the supplier to Tiffany & Co.
The company said in March it expects to start production by year’s end and announced the recovery of ... "
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