Diamond and nickel miner, IGE Resources’ board of directors have decided to discharge CEO Thomas Carlsson from office with immediate effect.IGE has a resource base of more than 11 million carats of rough diamonds (verified and additional resources) and operates diamond projects in South Africa and the Democratic Republic of Congo. Through its subsidiary Nickel Mountain Resources, the company also owns one of Northern Europe’s most potent nickel sulphide projects in Northern Sweden.
The company says that the recruitment of a new president and CEO has started and is expected to be completed shortly. The board of directors has appointed Terje Engstrm Lien, who is a board member, as interim president and CEO until the recruitment of a new and permanent CEO has been completed.Considering the important strategic options that are in the company’s near term future, it is crucial that the board and management have a close and well-functioning co-operation. Terje Engstrm Lien has a solid financial expertise combined with a strong focus on value creation, which will benefit our shareholders. “I strongly believe that this will strengthen IGE in many ways, and speed up the actions to take the company to operational performance and positive cash flow,” says IGE Resources chairperson of the board Ulrik Jansson.