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The Herald
Africa Moyo Business Reporter-
VAST Resources Zimbabwe explores new mining opportunities and intends to revitalize its historic claims as it seeks to increase its footprint in the country, from significantly transformed investment and
Already, the mining company listed in AIM holds a 95% stake in the Eureka gold mine, acquired in April this year.
She also holds a 25% interest in Chegutu's Pickstone-Peerless Gold. Mines
Vast Resources also holds mineral claims surrounding the former Giant Gold Mine.
Dramatic transformation of the investment environment initiated by the new administration led by President Mnangagwa, especially the development of the law on indigenization and empowerment economic. Foreign investors holding up to 100% of mining stocks, with the exception of diamonds and platinum, have seen more investors questioning opportunities. 59004] As investors jostle for local opportunities, the Zimbabwe Investment Authority (ZIA) said it approved investment opportunities of $ 16 billion between January and June this year, the highest level since 1980
Vast Resources The chief executive of the cabinet, Mr. Andrew Prelea, said last week: "The political improvement in Zimbabwe in recent months has made us re-evaluate our activities in the country and we are actively seeking new business opportunities and explore options to revive historical claims in order to establish a significant presence in the region. "
Since then, the mining company has integrated one of the largest mining brains from the country, the engineer Mark Mabhudhu, to Vast Resources. subsidiary, the board of directors of Vast Resources Zimbabwe (Private) Limited which seeks to expand its
Eng Mabhudhu Appointed Earlier this Month, and Prelea Believes ZCDC Chief Executive of Zimbabwe Consolidated Diamond Company Has Everything to Transform Local Vast Resources Operations .
"I am confident that the experience, the network and the influence of Mark will accelerate this process of evaluation. the mineralized footprint, including the Pickstone-Peerless gold mines, Giant and Eureka, to establish a significant presence in the Zimbabwean mining industry in the short term, "said Prelea
Eng Mabhudhu is also a former CEO of Marange Resources.] He holds a Bachelor of Science in Metallurgical Engineering, an MBA, a PhD in Information Management and Knowledge. and is currently working on his doctoral studies
Eng Mabhudhu has been working in the diamond and platinum sectors for 25 years in Zimbabwe and abroad, including 11 years with Debswana.
Debswana is a joint Adventure between De Beers and the Government of Botswana
Eng Mabhudhu, CEO of Marange Resources, is credited for implementing a recovery strategy that allowed the miner to achieve profitability after several years of financial difficulty. [19659004] A few months after becoming CEO of ZCDC in 2016, Eng Mabhudhu Secretary at the Ministry of Mines and Mineral Development, Professor Francis Gudyanga
At that time, Professor Gudyanga was simply calling senior ZCDC officials to his office and told them that they were fired, before demanding that they leave vehicles at his desk. 19659021]
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