DiamondWorks appoints two new vice-presidents
DiamondWorks Ltd DMW
Shares issued 150,962,743 Sep 13 close $0.14
Tue 14 Sept 99 News Release
Mr. Bruce Walsham reports
John Firth has been appointed as vice-president, operations, for Angola.
Mr. Firth, who has served as the company's Angolan country manager, will
assume responsibility for day-to-day operations. Mr. Firth replaces David
Lenigas in this capacity, who resigned as the company's chief operating
officer effective Sept. 1. The company acknowledges the contribution of Mr.
Lenigas in helping re-establish full production at the Yetwene and Luo
mines.
Dr. Stephen Grimmer has been appointed as vice-president, project
development. Dr. Grimmer, a leading authority on kimberlite evaluation and
development, has been with the company since 1997 in a senior technical
capacity. In this new role, he will focus on the expansion of the company's
Angolan projects with particular emphasis on the development of the
Camatchia kimberlite pipe.
DiamondWorks' monthly diamond production from Angola is currently averaging
between 12,000 and 15,000 carats. A new single-day production record of
1,267 carats was set on Sept. 10. At the company's most recent sale, the
diamonds were sold for approximately $213 (U.S.) a carat.
(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com
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