RapNet


Rapaport News

 

Mining

 

Advanced search
Latest Articles
Videos
Features
News
Mining
Rough Markets
Polished Markets
Manufacturing
Retail

Zimbabwe State Diamond Miner Gets New CEO

Mark Mabhudhu will help government body achieve goal of $12 billion in revenue by 2023.
Sep 23, 2020 6:57 AM   By Rapaport News
Print Print Facebook Facebook Twitter Twitter Share Share


RAPAPORT...
Zimbabwe’s state-owned diamond miner has hired Mark Mabhudhu as CEO in an effort to help it achieve its goal of reaching $12 billion in revenue from its mining projects by 2023.

Mabhudhu will step down as executive director of the diamond division at Vast Resources to begin his new role at Zimbabwe Consolidated Diamond Company (ZCDC) immediately, Vast said Tuesday.

Vast is currently in talks with ZCDC to create a joint-venture diamond-mining project at Zimbabwe’s Chiadzwa Fields. Mabhudhu’s change of employment will not affect the finalization of the deal, Vast noted. The company has already identified a chief operating officer it will recruit to manage the project in place of Mabhudhu once the joint venture is signed.

“Whilst we are, of course, sad to see Mark leave, we are extremely excited that we will be able to continue to work with him in his new role within the diamond-mining sector in Zimbabwe,” said Andrew Prelea, CEO of Vast Resources. “We are confident that with Mark in his new role, the diamond-mining sector in Zimbabwe will be set for a new high.”

Image: Mark Mabhudhu. (Mark Mabhudhu/LinkedIn)
Tags: Andrew Prelea, Chiadzwa Fields, Mark Mabhudhu, Rapaport News, Vast Resources, ZCDC, Zimbabwe Consolidated Diamond Company
Similar Articles
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First



Call Us: 1-702-893-9400
Member License Agreement   RapNet Trading Rules & Code of Conduct    Privacy Policy  
  
twitter twitter
About Rapaport
Advertise with us