The mining gaint KUVIMBA Mining House (KMH) group chief executive officer Simbarashe Chinyemba is reportedly leaving the mining giant to join the newly formed Mutapa Investment Fund as chief investment officer.
A distinguished fellow of the Institute and Faculty of Actuaries (UK), Chinyemba appointed as KMH CEO following the resignation the former CEO David Brown in August 2021.
According to source, Newsday Business informed that “Simbarashe Chinyemba is leaving KMH for Mutapa as chief investment officer,”.
“Under his leadership, defunct mines were resuscitated and turned into profitable ventures. These include Zimbabwe Alloys, Shamva and Sandawana, among others.”
Under Chinyemba’s strategy to streamline operations and decentralise decision making, the diversified mining group last year restructured its operations into four main clusters — gold, energy, platinum group minerals (PGMs) and bulk metals.
The strategy set the mining firm on a growth path and enhanced its resilience.
Within the energy cluster there is Bindura Nickel Corporation and Sandawana, the gold cluster has Shamva Mine, Jena Mine and Freda Rebecca, bulk metals cluster has Zim Alloys with Great Dyke Investments making up the PGMs cluster.
Source Newsday
