Mines and Mining Development Minister Winston Chitando has annnounced boards of directors for two state mining vehicles, the Zimbabwe Mining Development Corporation and the Zimbabwe Consolidated Diamond Company.
By Staff reporter
Speaking at the unveiling of the boards, Chitando said the mining sector has a critical role to play in making sure Government attains its vision to make Zimbabwe a middle income country by 2030.
ZCDC is chaired by Killiam Ukama, with other members including Ella Muchemwa, Elizabeth Nerwande Chibanda, Zenzo Nsimbi, Colonel Chiadzwa, Alex Mukwekwezeke and Rtd Colonel Niya Mtombeni.
Mimosa executive director Peter Chimboza chairs the ZMDC with other members Wellington Pasipamire, Richard Jaure, Charles Tawha, Reason Mandimuka, Slava Chella and David Murangari.
“We have heard the President talk about Zimbabwe being a middle income economy by the year 2030 and the mining industry will play a very key role in this vision,” he said. “As a result, these two boards, plus others which will be appointed, will be seized with executing key government objectives of supporting the achievement of this vision.”
The ZCDC produced 1.8 million carats last year and is aiming at producing more in coming years.
Meanwhile ZMDC owns over 20 subsidiary companies which are barely operational due to mismanagement and capital constraints.
Chitando said it was important for the new board to work towards reviving the company subsidiaries.
“The new board has to move and move with speed to ensure all these assets are made operational,” he said.
He said the company, which called for expressions of interests for six of its subsidiaries in February this year, should finalise the process of selecting investors before the end of next month.