Directors and Officers

Chris Ellis

Independent Interim Non-Executive Chairman

Chris Ellis was born in 1963 and has a career in investment banking spanning over 20 years in London and the United States. For the last 9 years his principal activities have revolved around all financial aspects of the diamond supply chain, representing and advising industry banks, cutters & polishers, jewellery manufacturers and retailers. He is presently a Director of DFin Ltd, and was previously a principal of Consensus Advisors in London and the United States.

Paul Loudon

Chief Executive Officer

Paul Loudon was born in 1962 and has more than 20 years′ experience in stockbroking, corporate finance and management of junior mining and exploration companies. He has been President of Battlefields Minerals Corporation of Toronto and Chairman of BDI Mining Corp. He was head of Equities at Loeb Aron & Company Ltd, a London corporate finance house specialising in the mining sector, where he was responsible for raising considerable sums of equity capital for resource companies listed in the United Kingdom, Canada and Australia. Mr Loudon is an Associate of the Securities Institute and a member of the Southern African Institute of Mines and Metallurgy.

Michael Toxvaerd

Non-executive Director

Michael Toxvaerd was born in 1974 and holds an MBA from Cranfield University. Currently CIO of HBG Management Partners Limited, he has significant experience in capital markets, mergers and acquisitions, founding, financing and listing companies on the London Stock Exchange. He is currently a non-executive director of Rasmala PLC ( formerly European Islamic Bank plc) and holds a number of other directorships.

Neil McDougall

Non-executive Director

Neil McDougall joins the board with many years of senior management experience in international environments.  Prior to joining Rasmala as Chief Financial Officer, Neil served in senior finance roles in various organisations including Europe Arab Bank Plc, Commerzbank and Standard Chartered. In his previous roles, he has been responsible for all aspects of Global Finance support, from performance management and decision making through to Product Control, Valuations Control and Financial and Regulatory Reporting. Mr McDougall's appointment is pursuant to the terms of the financing facility ("Facility") with Rasmala plc ("Rasmala") as announced on 20 October 2016

 

Officers

Sanette de Wet

Chief Financial Officer

Sanette de Wet, born in 1977, and has more than 10 years mining experience, mainly in the diamond industry.  She graduated from North West University of Potchefstroom (BComm) and University South Africa (BCompt CTA) and completed her articles with Compendium Auditors.  She started her career as an audit manager and later mover to financial management at Etruscan Diamonds and Specialised Metallurgical Projects.

Lace Diamond Mines Pty Ltd

Pulane Kingston

Non-executive Director

Pulane Kingston was born in 1971 and graduated from the University of Wales with an LLB (Hons) and from the University of Nottingham with an LLM in International Law. She is one of the co-founders and shareholders of Sphere Holdings. After serving as Executive Director for five years, Pulane moved into the role of Non-Executive Chairperson at Sphere. Some of her career highlights include being an associate at White & Case (Johannesburg) and an associate partner at Edward Nathan & Friedland Inc, specialising in corporate, commercial and project finance law. She has been involved in privatisations, mergers, acquisitions, listings, restructuring and various empowerment transactions.

Paul Loudon

Managing Director

Paul Loudon was born in 1962 and has more than 20 years′ experience in stockbroking, corporate finance and management of junior mining and exploration companies. He has been President of Battlefields Minerals Corporation of Toronto and Chairman of BDI Mining Corp. He was head of Equities at Loeb Aron & Company Ltd, a London corporate finance house specialising in the mining sector, where he was responsible for raising considerable sums of equity capital for resource companies listed in the United Kingdom, Canada and Australia.

Andre Labuschagne

Chief Operating Officer

Andre Labuschagne was born in 1969 and is a Mining Engineer with more than 20 years’ experience in underground and surface mines in Africa and South Africa, predominantly in the diamond sector.  He completed his National Service before studying Engineering at the University of Pretoria where he gained a Bachelor of Engineering Degree (1994) and qualified as an Explosive Engineer.  Over the past 20 years he has worked for Gencor, Anglo American Coal, African Explosives Limited, Murray and Roberts and previously managed the Sedibeng underground Mine for Petra Diamonds. 

Hulme Scholes

Non-executive Director

Hulme Scholes (Born 1966) is a leading South African attorney with his primary focus being mining and mineral law. Before studying Law at Wits University in Johannesburg he completed his National Service and a year working for Rand Mines on the Harmony Gold Mine. He completed a Bachelor of Arts Degree (1990) and Bachelor of Laws (LLB) Degree (1992). Over the past 20 years he has been a Partner at three law firms and is now a Director of Malan Scholes Attorneys practising exclusively in the field of Mining and Mineral Law. He is a Director of Aquarius Platinum (South Africa) (Pty) Ltd, West Wits Mining Ltd, Randgold & Exploration Company Ltd and Lace Diamond Mines (Pty) Ltd.

Itumeleng Kgaboesele

Non-executive Director

Itumeleng Kgaboesele was born in 1971 and graduated from the University of Cape Town with a Bachelor of Commerce and a Post Graduate Diploma in Accounting and is a Chartered Account. He is the CEO, one of the shareholders and the other co-founder of Sphere Holdings representing Sphere on the boards of a number of Sphere′s investee companies. Prior to co-founding Sphere, Itumeleng spent several years in investment banking in London and Johannesburg. In addition to his role at Sphere, he is an independent non-executive director of Telkom SA Limited and Old Mutual Investment Group (SA). Itumeleng also serves on the EMEA board of Entrepreneurs Organisation and is the past President of the South African Chapter. 

Zola Mpulo

Non-executive Director

Zola Mpulo was born in 1979, graduated from the University of Witwatersrand with a Bachelor of Commerce and a Post Graduate Diploma in Accounting in 2002 and qualified as a Chartered Account in 2005. After completing her articles with KPMG Johannesburg she joined Rand Merchant Bank’s (“RMB”) Investment Banking Division and specialised in Corporate Finance Advisory. Thereafter, she moved to RMB’s Resource Finance department where she gained experience in structuring corporate and project finance in the Mining and Resources sector until July 2011. She joined Shanduka Resources in November 2012 upon completing an MBA from INSEAD Business School in France. In addition to Lace Diamond Mines (Pty) Ltd, she also represents Shanduka Resources on the boards of Mondi Shanduka Newsprint and Scaw Metals Group.

 

BEE

DiamondCorp is committed to the empowerment objectives of the Mineral Development Act. Lace is 26 per cent owned by HDP held and controlled companies.

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