Lucapa Diamonds names Selby CEO and MD

Nick Selby. (Image courtesy of Lucapa Diamonds.)

Australia’s Lucapa Diamonds (ASX: LOM) has appointed interim chief executive Nick Selby as its permanent CEO and Managing Director.

Selby, an extraction metallurgist who joined Lucapa in 2014, took the helm in August this year following former boss Stephen Wetherall’s decision to step down earlier this year.

The new CEO began his career with De Beers, where he spent 19 years in a range of technical roles. He joined Gem Diamonds in 2005, where he was responsible for various diamond projects in countries including Angola, Australia, the Democratic Republic of Congo, the Central African Republic, Indonesia, Lesotho and Botswana.

Lucapa has a 40% interest in the Lulo mine, in Angola, and a 70% interest in the Mothae mine in Lesotho. The company, debt-free since July, is exploring for more diamonds at Lulo as it works toward bringing its Merlin project in Australia into production.

Merlin is home to Australia’s largest mined rough diamond on record and has the potential to be the only producing diamond mine in Australia, following the closure of Rio Tinto’s iconic Argyle mine in 2020, after 37 years in production.