Ex Chamber of Mines president appointed Caledonia director

Business Reporter

FORMER Zimbabwe Chamber of Mines president, Mr Victor Gapare, has been appointed as an executive director of global investor, Caledonia Mining Corporation.

The appointment, which is effective from (Friday) follows Caledonia’s takeover of Bilboes Gold Limited.
The firm said Mr Gapare, who had been the chief executive officer of Bilboes Holdings since the management buyout of the entity from Anglo American Corporation Zimbabwe Limited in 2003, was instrumental in the acquisition process.

In a statement, Caledonia chief executive officer, Mark Learmonth, said: “Pursuant to the terms of the transaction, Mr Victor Gapare, who is affiliated with Toziyana, has been appointed as an executive director with effect from today. I look forward to working with Victor and in particular developing Bilboes and other investments in Zimbabwe with him and the rest of the management team on behalf of Caledonia.”

Caledonia’s chairman, Mr Leigh Wilson, also weighed in saying: “I am very pleased the acquisition of Bilboes has been completed. I extend my appreciation to the Bilboes vendors and their advisors for their active assistance in closing what has been a complex deal, and in particular to Victor Gapare who has been closely involved with Caledonia management in satisfying a number of key conditions to the transaction.

“It is my pleasure to welcome Victor to the Caledonia board. His extensive knowledge of both the project itself and, more broadly, of mining in Zimbabwe is an invaluable addition to the board”.

Mr Gapare obtained a Master in Business Leadership Degree (MBL) from the University of South Africa in 1999 and a Bachelor of Business Studies Honours Degree from the University of Zimbabwe in 1986.

He was previously the operations director for the gold and pyrites business of Anglo American Corporation Zimbabwe Limited when Bilboes was part of its portfolio and is a former president of the Chamber of Mines Zimbabwe.