Dzinomwa bounces back?

FORMER  Hwange Colliery Company managing director Professor Godfrey Dzinomwa is set to bounce back at the country’s largest coal mine, replacing
Mr Fred Moyo who left in September last year.
While the Hwange board has decided to keep the matter under wraps for now, sources at the listed coal mining firm said the new boss would be announced soon.
The post fell vacant after veteran miner Mr Moyo’s contact was not renewed following its expiry. He had taken over from Prof Dzinomwa in 2006.
“Our understanding is that the board has settled on (Prof) Dzinomwa, although two or so names emerged here and there,” said one source who asked not to be named for professional reasons.
“I think he will be unveiled soon.”
Hwange chairman Mr Farai Mutamangira could neither confirm nor deny the appointment, saying an announcement would be made “at the right time”.
Since Mr Moyo left, the general manager (finance), Mr Stanford Ndlovu, has been the acting MD.
Prof Dzinomwa holds a BSc (Hons) Engineering (Metallurgical) degree from the UZ and a PhD in Mineral Processing from the University of Queensland (Australia). He has also completed various management and leadership courses.
Prof Dzinomwa has over 22 years technical and managerial experience, covering both mining and metallurgical operations and is the former managing director of BHP Minerals Zimbabwe, ZimChem Refiners and Hwange Colliery.
He also worked for BCL Limited in Botswana as the executive manager responsible for metallurgy, before moving to Namibia as director and professor of mineral processing, anbd eventually becoming the managing director of PAASOL Resources.
The appointment of the substantive managing director will come at a time when the board is working towards turning around the fortunes of the company.
Hwange Colliery requires at least US$170 million for recapitalisation.
Late last year, the company sealed a US$22 million supply credit deal with a Chinese mining company, Norinco.
This followed an invitation for bids by
the HCCL to supply a wide range of equipment after challenges in raising long-term credit.
Hwange has an estimated installed production capacity of five million tonnes per year but is operating at almost half that figure.