AECI Limited announces the appointment of independent non-executive directors

AECI Limited has announced the appointment of Mr July Ndlovu and Mr Billy Mawasha as independent non-executive directors to the board of directors of AECI, with effect from 1 January 2025. Mr Ndlovu s career spans over 30 years in mining, culminating in his appointment as Managing Director of Thungela Resources Limited. He has been an executive in the mining industry since 2007, where he oversaw various commodities in different markets.

He has extensive experience in mining operations, large-scale projects and mergers and acquisitions in Southern Africa, as well as Australia. He is known for his integrity and visionary approach and is highly respected for his ability to drive growth while maintaining a strong commitment to safety and operational excellence. Mr. Ndlovu is currently Chairman of the Board of Futurecoal.

He holds a Master’s degree in Business Management from the University of South Africa and a Bachelor’s degree in Metallurgical Engineering from the University of Zimbabwe. He has previously held senior management positions in leading organizations including Anglo American plc, Bindura Nickel Corporation, Zimasco and Zimbabwe Alloys. He also served as chairman of the board of directors of the Unki platinum mine.

Mr Mawasha has extensive leadership experience in the South African mining industry, having held various senior management positions with De Beers, AngloGold Ashanti Limited and Kumba Iron Ore Limited. He was country manager of Rio Tinto in South Africa and managing director of Richards Bay Minerals. Mr. Mawasha holds a BSc in Electrical Engineering from the University of Cape Town and has extensive experience in growth, innovation, operations, risk management, investments and project delivery.

He is the founder and Managing Director of Kolobe Nala Investment Company and a non-executive director of Exxaro Resources Limited, Impala Platinum Limited and Metair Investments Limited.