adminMr Zhou served as a director of the operating subsidiary, Zimbabwe Platinum Mines (Pvt) Limited, since February 2007 before joining the board on March 1, 2010 as a non-executive director.
He holds a Bachelor of Accounting (Hons) (UZ), CA (Z) and MBL (Unisa) and he is chairman of the audit and risk committee and a member of the safety, health and environmental quality committee at Zimplats Holdings Limited. Mr Zhou is a chartered accountant and is also past president of the Institute of Chartered Accountants of Zimbabwe.
Zimplats is the country’s largest platinum miner and is in the process of a US$460 million expansion of its Ngezi operations to increase output to 270 000 ounces by 2014.
The mining giant is a subsidiary of Impala Platinum Holdings Limited and is among foreign-owned companies that have agreed to comply with the country’s indigenisation policy which requires them to turn over their majority shareholding to black Zimbabweans.
Implats agreed to sell 51 percent stake for US$818 million through loaning to Zimbabwe the money expected to be paid back by forgoing dividends in 10 years once implemented.
Online Reporter