Home Mining Rio Zim Appoints Vice Chairman.

Rio Zim Appoints Vice Chairman.

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Zimbabwe Stock Exchange-listed miner RioZim Limited has appointed Caleb Dengu as their Vice-Chairman with effect from 7 August 2019.

According to a statement released today, Dengu has served as a non-executive member of the RioZim Board since 2014.

“The Board of Directors of RioZim Limited would like to congratulate Mr. Caleb Dengu on his appointment as Vice Chairman of the RioZim Limited Board with effect from 7 August 2019.

“Mr. Dengu has served as a non-executive member of the RioZim Board since 4 November 2014 and has developed an intricate understanding of the business. He is the Managing Partner at CDF Trust and Consulting BV since 2010, an Investment Advisory Platform and Private Equity management firm.

” He is also Chairman of Cellulant Zimbabwe (Private) Limited a mobile payments company,” reads the statement.

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According to the statement, Dengu is a Development Banking and Finance Professional with 25 years of experience gained from international and regional development banks. He holds – FCIS (UK), MBA (UZ), MSc-Fin (SGBS) and SEPA (Harvard Business School).

“The Board has no doubt that he will continue to execute his duties with the highest level of diligence and professionalism. RioZim Limited wishes him the best in his tenure as Vice Chairman of the Board,” reads part of the statement.

RioZim currently operates the Renco Gold mine in the southeast of Zimbabwe, the Cam & Motor gold mine in Kadoma, the Maranatha ferrochrome refinery in the same city and the Empress Nickel Refinery.

The group also owns 50% of Sengwa Colliery Pty Ltd in Gokwe North, holds a 22% interest in Murowa Diamonds Pvt Ltd and is moving into the chrome mining and smelting industry.

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