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Oliver Kazunga, Senior Business Reporter
ASA Resource Group has appointed Mr David Murangari as an independent non-executive director with immediate effect.

In a statement, the group, formerly Mwana Africa, said the appointment of Mr Murangari is part of the Pan African resource concern’s strategy to augment its reputation in Zimbabwe and to strengthen the board’s mining credentials.

“The Board of Asa Resource Group plc is pleased to announce the appointment of Mr David Murangari as a new independent non-executive director of Asa with immediate effect,” it said.

The group’s executive chairman, Mr Yat Hoi Ning, was quoted as saying: “David is a highly experienced Zimbabwean geologist who qualified in the United States of America and is currently chairman of the Zimbabwe Mining Development Corporation, the state body that plans, coordinates and implements mining development projects on behalf of the government.

“It’s responsible for prospecting, exploration, mining and mineral beneficiation programmes.”

Mr Murangari also serves as deputy chairman of Bindura Nickel Corporation, which is owned by Asa.

He also holds directorship to the Zimbabwe Mining Development Corporation, Freda Rebecca Gold Mine as well as the State-owned, Mining Promotion Corporation.

Mr Murangari has been influential in the mining industry in Zimbabwe for many years and once served as the chief executive officer of the Chamber of Mines of Zimbabwe.

The Asa board chairman said Mr Murangari is well connected at government level and has extensive corporate experience as well as sitting on a number of boards and professional bodies in Africa.

Against this background, he said: “I’m confident that our influence is growing steadily in the different jurisdictions we operate in and this should open up more opportunities for the group as it pursues its growth strategy.

“With this appointment, the profile of the non-executive board is more independently balanced than at any time in the past with experience in mining, metallurgy, auditing and investor relations.”

Mr Ning said his organisation’s strategic vision is to be a fully integrated pan-African commodity group, strengthening each commodity group through exploiting Asa Resource’s wide portfolio of mining interests.

“We also continue to engage with trusted partners in many regions to help us exploit the true value of our assets”.

The process of segmenting assets at group level and integrating resources operationally is fundamental to both our short and long-term strategies.

@okazunga.