Richland Resources Names New CEO

Bermuda–Gemstone miner Richland Resources has appointed Anthony Brooke as its CEO, effective immediately.

The company’s previous CEO, Bernard Olivier, resigned from the position, as well as his role on the board of directors, in order to pursue other interests.

Brooke previously served as the vice president of marketing and sales for Richland’s Capricorn Sapphire Pty Limited subsidiary, a position he’s been in since the third quarter of 2016, assisting with sales and marketing initiatives. 

A veteran in the gemstone industry, Brooke will use his experience to further develop the Capricorn mine.

He also runs Gem Dreams, a gemstone wholesale company based in Bangkok he founded in 1985. It also acts as a consultancy business, representing and advising luxury brands, collectors and mines looking to market sapphires and other gems.

According to Richland, Brooke has been involved in the management of sapphire mining operations in Tanzania and Thailand and has represented mines operating in Australia, Malawi and the United States.

Brooke has been a member of the Thai Gems and Jewellery Traders Association for 11 years, acting as its chairman for overseas trade and development for Europe, Central and South America and Africa from 2011 to 2017.

Richland began mining at the Capricorn mine in early 2015 but announced in December 2017 that it had decided to temporarily halt mining due to extreme weather conditions and a weak market environment.

The company has stockpiled gemstones from previous production in order to pursue more strategic sales events at more attractive prices.

Meanwhile, Brooke, along with the board of directors, has started a strategic review and assessment of the Capricorn mining, marketing and sales operations. Richland said it will release further details when that has concluded.

Mining operations will remain suspended in the meantime.

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