Mutapa announces new Kuvimba board
Mutapa Investment Fund-owned Kuvimba Mining House (Private) Limited (KMH) has announced the appointment of a new board, with Mr Justin H. Mupamhanga retaining Chairmanship, Mining Zimbabwe can report.
By Rudairo Mapuranga
The appointments, effective October 1, 2024, were made by the Chief Executive Officer of the Mutapa Investment Fund, Dr. John Panonetsa Mangudya, as announced in the Government Gazette.
Mupamhanga and his team will serve a four-year term.
This leadership overhaul is part of Kuvimba’s ongoing efforts to strengthen its position as a key player in Zimbabwe’s mining sector and across the entire mining value chain.
Joining Mupamhanga on the board is Eng. Getrude Mavis Bema, who has been appointed Vice Chairperson. Other distinguished members include Trevor M. Barnard, the current Group CEO of Kuvimba, Colin Bird, Ernest Denhere, Craig Meerholz, Andrew Pascoe, and Varaidzo Zifudzi.
A supplementary announcement confirmed the addition of Mr. Innocent Rukweza, the current CFO of KMH, further enhancing the board’s breadth of experience.
Kuvimba Mining House has emerged as one of Zimbabwe’s leading mining entities, managing a vast portfolio of assets that includes gold, platinum, chrome, and nickel operations. As a state-controlled company, Kuvimba plays a vital role in the country’s mineral production, particularly in gold mining, which remains one of Zimbabwe’s most valuable exports.
Kuvimba owns Zimbabwe’s biggest gold producer Freda Rebecca a gold mine that currently operates a hybrid operation of both Open-cast and underground. It also owns Shamva mine, one of the decade’s successfully revived mines and Jena gold mines in Silobela.
The new board, however, faces challenges with some of its assets, including the country’s biggest Nickel producer, Bindura Nickel (BNC), which is currently under care and maintenance due to plummeting prices. The company was also significantly affected by falling Lithium prices at one of its most promising ventures, the Sandawana mine.
Kuvimba is also a shareholder of former steel-making giant ZISCOSTEEL.