Mines minister to appoint new boards for parastatals

Source: Mines minister to appoint new boards for parastatals | Financial Gazette (News)

ZIMBABWE’S mines Minister Winston Chitando says he will dissolve boards of underperforming parastatals under his ministry, with their replacements to be announced next week to improve performance.

The Zimbabwe Consolidated Diamond Company (ZCDC), the Zimbabwe Mining Development Company (ZMDC) and Minerals Marketing Corporation of Zimbabwe (MMCZ) will al get new boards while struggling Hwange Colliery will get additional members.

“New boards of parastatals will be announced next week and all the necessary processes have been done.  The ZCDC, ZMDC and MMCZ will have new boards and Hwange Colliery Company will have additional board members,” Chitando said in Parliament on Monday.

He said he will bring in ‘very experienced people’ in the mining sector to chair the boards.

“The chairperson of each board is required to have at least 10 years’ experience in the mining sector with one or two mining houses.  It’s not that every board member will have a mining background, but we will also need other skills, but certainly the chairpersons of each of the boards will have a strong mining background,” he said.

ZCDC is currently chaired in acting capacity by Mrs Slava Grace Chella while ZMDC is led by veteran miner David Murangari.