Jean-Raymond Boulle

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Jean-Raymond Boulle
Born 1950 (age 67–68)
Residence Monaco
Nationality Mauritian
Alma mater University of Dallas
Known for Founder of Diamond Fields Resources (company), Discoverer of Voisey's Bay Mine, Tendyne

Jean-Raymond Boulle (born 1950) is the founder of Diamond Fields Resources Inc. (which Inco purchased for US$4.3 billion), Diamond Fields International Ltd, America Mineral Fields Inc, and Titanium Resources Group Ltd, four publicly traded companies with deposits of nickel, cobalt, copper, zinc, titanium and diamonds. He has been accused of profiting from Africa's misery[1](1998) and manipulating African governments [2](2000) specifically in respect of his Company America Mineral Fields in the Democratic Republic of the Congo but in 2003 these were effectively proven to be False accusations by an Expert Panel of the United Nations which investigated companies working in the Democratic Republic of the Congo. The United Nations Report S/2003/1027 sent by United Nations Secretary General Kofi A. Annan to the Security Council on 23 October 2003 corrected an earlier draft S/2002/1146 of 15 October 2002[3] and cleared various well known mining companies and Jean-Raymond Boulle and his associated company America Mineral Fields of having breached OECD multinational guidelines[4]. This was confirmed by the Mining Press at the time [5].

Early life and education[edit]

Jean-Raymond Boulle was born in Mauritius in 1950, attended Marist Brothers Rondebosch school in Cape Town and, later, the University of Dallas.[citation needed]


Boulle worked for the De Beers Diamond Trading Company ("DTC") for ten years, in Zaire, Sierra Leone and Antwerp, Belgium, and then established Boulle Inc. in Dallas, Texas, US.[6].

In 1984 he began exploring for diamonds, first in Minnesota, then in Arkansas. In 1987 he formed Arkansas Diamond Development Co., to carry out exploration work on the Crater of Diamonds State Park in Arkansas.[7] He claimed there were $5 billion worth of diamonds there, but in 1996 it was halted as it was found to be not worth mining.[1]

Boulle was chairman, founder and CEO as well as a major shareholder of Diamond Fields (Diamond Fields Resources Inc. TSE:DFR)[8] which commenced trading on the Vancouver Stock Exchange on April 6, 1993 and, in late 1994, discovered nickel, copper and cobalt ore bodies at Voisey's Bay Mine in Labrador, Canada. The Voisey's Bay Mine deposit was estimated to contain 141 million tonnes at 1.6% nickel.[9] Boulle and Robert Friedland worked together in Diamond Fields and, in 1996, the Voisey's Bay Mine Project was purchased by Inco for CND$4.3 billion.[8][10] Boulle's next company, Diamond Fields International is involved in sea floor mining with interests in mining deposits around the world.[11][12][13]

His Boulle Mining Group[14] is headquartered in Luxembourg and in 1995 founded American Mineral Fields (later renamed Adastra Minerals), listed on the London Stock Exchange’s Alternative Investment Market and the Toronto Stock Exchange. Adastra Minerals developed mining projects in the Democratic Republic of Congo and a joint venture with the government of the Democratic Republic of Congo to re-treat the Kolwezi tailings project. Adastra Minerals was purchased in August 2006 by First Quantum Minerals, a mining company then with dual listings on the Toronto Stock Exchange[15] and the London Stock Exchange (until 31 May 2016)[16]. In 2001, Boulle Mining Group Luxembourg acquired the Sierra Rutile Project (a producer of natural rutile) and of the Sierra Minerals SML Bauxite Mine in Sierra Leone, West Africa which became part of Titanium Resources Group, taken public on the London Stock Exchange's Alternative Investment Market in August 2005.[17]

His mining group's subsidiary company, Greenland Gold Resources Ltd[18] is in Greenland exploring for nickel, copper, cobalt, platinum group elements, titanium and graphite[19].

Boulle Mining Group Luxembourg was the largest shareholder in World Titanium Resources,[20] the Australian Securities Exchange listed[21] discoverers and owners of the Toliara Sands[22] titanium deposit in Madagascar. World Titanium Resources was delisted from ASX on 30 January 2017 and is now privately owned as World Titane Holdings Limited[23][24].

Together with the Government of Mauritius, Boulle is one of the three controlling shareholders of Omnicane,[25] a publicly listed company on the Stock Exchange of Mauritius. Omnicane owns sugarcane plantations in Mauritius and produces refined sugar. Omnicane also generates around 30% of the island's electricity for the Grid and 40% of the country’s renewable bagasse-based energy.[26][27]

Boulle's companies have conducted mining and exploration operations for gold, copper, nickel, zinc, and diamonds and other precious and semi-precious stones in South Africa, Namibia, Liberia, Madagascar, Democratic Republic of Congo, Zambia, Finland, Canada, and Brazil[28]. Since 1996, Boulle has made numerous ongoing donations and contributions to charity, hospitals, museums[29], animal conservation, bird conservation[30] and to the Mauritian Wildlife Foundation[31]. His companies and respective stakeholders work closely with the Mauritian Wildlife Foundation in protecting and promoting the unique ecology of St. Brandon in Mauritius. In 2013, one of the Boulle companies' stakeholders was awarded the President's Medal[32] by HIH Princess Takamodo of Japan for being ‘a strong supporter of the Mauritius Wildlife Foundation, encouraging and supporting their application to become a Bird Life Partner, and sponsoring their delegate to the 2013 World Conference’; for 'core contributions and service to the Bird Life Partnership'; for 'being a major contributor to Bird Life's core work through unrestricted gifts as Founder Patron’

In 2007, Boulle was made a Commander of the Order of the Rokel, the highest order of merit of Sierra Leone. This was given by the country of Sierra Leone, in recognition, for having restarted the economy of Sierra Leone with a titanium and a bauxite mine.[33]

On 6 October 2014, Boulle's Classic Yacht Partridge 1885 won the Rolex Trophy at Les Voiles De Saint Tropez. [34] [35]

Personal life[edit]

Boulle is a Mauritian citizen[36], and lives in Monaco.[37]

See also[edit]


  1. ^ a b "Friends in high places". Forbes. 1998-08-10. Retrieved 2018-01-01. 
  2. ^ Abdel-Fatau Musah; Kayode Fayemi; J. 'Kayode Fayemi (2000). Mercenaries: An African Security Dilemma. Pluto Press. pp. 155–. ISBN 978-0-7453-1471-6. 
  3. ^ "Secretary General of UN's Letter to Security Council enclosing UN's Expert Panel Report S/2002/1146 dated 15 October 2002 on the illegal exploitation of natural resources and other forms of wealth of the Democratic Republic of the Congo - ANNEXE I, Nº.9, Page 1" (PDF). United Nations. Retrieved 12 January 2018. 
  4. ^ "Secretary General of UN's Letter to Security Council enclosing Expert Panel Report S/2003/1027 dated 15 October 2003 on the illegal exploitation of natural resources and other forms of wealth of the Democratic Republic of the Congo (DRC)- ANNEXE I, Nº. 27, Page 2" (PDF). United Nations. Retrieved 12 January 2018. 
  5. ^ LAURIAN CLEMENCE (2003-10-31). "America Mineral Fields welcomes UN report". Mining_Weekly. Retrieved 2018-01-12. 
  6. ^ "'Mr. Boulle got his start in the business working in Africa for De Beers'". The Globe and Mail. 
  7. ^ "TArkansas Allowing 4 Companies To Explore Public Diamond Mine". New York times. 
  8. ^ a b "Diamond Fields International Ltd. - Management - Thu Mar 23, 2017". Retrieved 23 March 2017. 
  9. ^ Voisey's Bay Discovery
  10. ^ "The story of Voisey's Bay – the auction 'the total value' of the Voiseys bay deal was 'closer to $4.3 billion'". 
  11. ^ Metalliferous Sediments in the Atlantis II Deep
  12. ^ SciDev.Net. "What might Red Sea mining bring to Saudi Arabia and Sudan?". Retrieved 23 March 2017. 
  13. ^ "Diamond Fields International Ltd. - Atlantis II - Thu Mar 23, 2017". Retrieved 23 March 2017. 
  14. ^ "Jean-Raymond Boulle - Wikipedia Republished // WIKI 2". Retrieved 23 March 2017. 
  15. ^ "Bloomberg : First Quantum Minerals Listing on Toronto Stock Exchange ("TSE")". Bloomberg. 
  16. ^ "First Quantum Minerals - FQM NOTICE OF INTENDED DELISTING". London Stock Exchange. 
  17. ^ "AUGUST 2005 :'Titanium Resources Group Ltd. on its admission to AIM. The listing allowed the company to re-open its mines in Sierra Leone, restoring the country's position as a significant provider of raw materials to the world markets'". FAEGRE BAKER DANIELS. 
  18. ^ "greenland gold resources News - Investing News Network". Retrieved 23 March 2017. 
  19. ^ "'Metals and Mining - Company Overview of Boulle Mining Group S.A.R.L.'". Bloomberg. 
  20. ^ "World Titanium Resources - Home Page – ASX: WTR". Retrieved 23 March 2017. 
  21. ^ "Share Price & Information - ASX". Retrieved 23 March 2017. 
  22. ^ "World Titanium Resources - Home Page – ASX: WTR". Retrieved 23 March 2017. 
  23. ^ "'World Titanium Resources To Delist From ASX'". Bloomberg. 
  24. ^ "'Company Overview of World Titane Holdings Limited'". Bloomberg. 
  25. ^ "Omnicane". Retrieved 23 March 2017. 
  26. ^ "Omnicane generates around 30% of the annual electricity generated for the Grid and 40% of the country's renewable bagasse-based energy". Retrieved 6 June 2017. 
  27. ^ "Omnicane unveils ambitious Mon Trésor Airport City project". Retrieved 6 June 2017. 
  28. ^ "'Metals and Mining - Company Overview of Boulle Mining Group S.A.R.L.'". Bloomberg. 
  29. ^ "Jean-Raymond Boulle Donation to the Royal Ontario Museum" (PDF). Retrieved 18 August 2017. 
  30. ^ "DÉVELOPPEMENT DURABLE: Raphaël Fishing investit dans la conservation à St Brandon - Le Mauricien". Retrieved 23 March 2017. 
  31. ^ "'Mauritian Wildlife Foundation Annual Report 2007/8' Page 14 N. Boulle". Mauritian Wildlife Foundation. 
  32. ^ "St Brandon : Core contributions and service to the BirdLife Partnership honoured with President's Medal". Retrieved 1 August 2017. 
  33. ^ "Sierra Leone to award Titanium Resources founder with its highest honour". Retrieved 25 June 2017. 
  34. ^ "Partridge Wins Les Voiles de Saint-Tropez Rolex Trophy". ALAN BOISTON. 
  35. ^ "Les Voiles de Saint Tropez - Overall". Yachts and Yachting, Denis van den Brink. 
  36. ^ "entrepreneur-mauricien-jean-raymond-boulle". Retrieved 26 June 2017. 
  37. ^ Jean Boulle Luxury (16 May 2017). "Unveiling of the Sun King™ Diamond coating". Retrieved 24 June 2017 – via YouTube.