RE: RNS6 Jul 2018 09:03
Vast Resources plc, the AIM-listed mining company with operating mines in Romania and Zimbabwe, is pleased to announce the appointment of Mr Mark Mabhudhu, a preeminent figure in the Zimbabwean diamond industry, to the Board of Vast's wholly owned subsidiary, Vast Resources Zimbabwe (Private) Limited. Mr Mabhudhu's appointment is in line with the Company's updated strategy to increase its footprint in Zimbabwe, seeking new opportunities and revitalising historic claims.
Mr Mabhudhu, who has a BSc (Hons) degree in metallurgical engineering, an MBA, an MPhil in Information & Knowledge Management, and is currently working on his Doctoral studies, is a full-time resident of Zimbabwe and Zimbabwean national with over 25 years' experience in the mining industry. Of this, more than 22 years has been focussed on diamond mining both in Zimbabwe and internationally, including 11 years with Debswana, the joint venture company between De Beers and the Government of Botswana. Mr Mabhudhu's recent positions include Chief Executive Officer of Government owned Zimbabwe Consolidated Diamond Company (Pvt) Ltd and Chief Executive Officer and, prior to that, Chief Operating Officer, of Marange Resources (Pvt) Ltd. Under his leadership as Chief Executive Officer of Marange Resources (Pvt) Ltd, Mr Mabhudhu implemented a turnaround strategy, which resulted in the Company achieving profitability after several years of financial distress.