Zimbabwe: Bindura Nickel Boss Resigns

BINDURA Nickel Corporation Limited managing director Mr Fred Moyo has resigned.

The company’s spokesperson, Mr James July, confirmed the resignation.

“Yes, it is true that Mr Moyo has left the company, he wants to pursue his personal business,” said Mr July.

BNC technical director Mr Thomas Mashungupa will fill the hot seat, pending the appointment of a substantive managing director. Mr Moyo is the second executive to step down from this post in the mining industry in the last three months. Former Hwange boss Dr Godfrey Dzinomwa resigned from the coal mining giant in November last year, to pursue other interests in the Southern Africa Development Community.

In a statement, BNC chairman Mr Kalaa Mpinga wished Mr Moyo well in his new career and welcomed the new boss.

“Shareholders and stakeholders of Bindura Nickel Corporation Limited are advised that Mr Moyo has resigned from his position as managing director of BNC with effect from 30th of January 2007. We thank him for his contribution to the company and wish him every success in his new endeavours.

“We welcome Mr Mushungupa to his new role. He has been appointed acting managing director with effect from 31st January 2007 until further notice,” said Mr Mpinga.

Mr Moyo joined BNC in 2004 taking over from Mr Leonard Chimimba who was shot dead in May of the same year by suspected carjackers outside his Harare home.

One of Mr Moyo’s biggest assignments during his tenure was to advance multi-billion-dollar investments, including the development of a new open-cast nickel mine — the Hunter’s Road project between Kwekwe and Gweru — where at least 30 million tonnes of nickel deposits containing over 125 000 tonnes of recoverable nickel were discovered.

Copyright © 2007 The Herald. All rights reserved. via: allafrica.com