COAL mining giant, Hwange Colliery Company Limited (HCCL), has begun the hunt for a new managing director to replace Fred Moyo who left the company at the end of September. Report by Business Reporter
Stanford Ndlovu is the acting managing director.
Moyo, who was appointed managing director in July 2007, had been with HCCL for more than 25 years.
HCCL, through a recruitment agency — Proserve — said the new managing director should ensure policies, strategies and plans were developed so that the company continued as a dynamic and profitable entity.
“Our Client, Hwange Colliery Company Limited, which is listed on the Harare, Johannesburg and London Stock Exchanges is Zimbabwe’s leading coal producer located in Hwange town.
“We have been retained to assist with the recruitment and selection of a managing director to provide strategic leadership and direction for the company,” read an advert.
According to Proserve, the candidate must also establish world-class systems to improve good governance and develop and foster healthy working relationships with key stakeholders.
HCCL led by board chairman Farai Mutamangira, recently concluded a $28 million deal with a Chinese firm for the export of coal. According to local media reports the memorandum of understanding was meant to facilitate the supply of 20 000 tonnes of coking coal per month for three years.
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In the six months ended June 30 2012, HCCL recorded a net profit of $500 000 from a loss of $1,5 million over the comparative period last year.
The coal mining company is a critical player in the country’s energy sector given Zimbabwe’s reliance on coal to generate power, agriculture, cement production and brickmaking, among others.
