Home » Business » Ex-SADC Secretary Salomão Joins Metallon

Metallon Corporation has appointed Dr Tomaz Augusto Salomatildeo to the board as an independent non-executive director. Dr Salomatildeo is the former executive secretary of the Southern African Development Community (SADC) and served from August 2005 to August 2013. During his time at SADC, Dr Salomatildeo was pivotal in spearheading economic and political reforms across the Southern African region and African continent.

Dr Salomatildeo has been commended for his outstanding contribution and achievements during his tenure of office.

Prior to his tenure at the SADC, Dr Salomatildeo made significant contributions to the development of Mozambique and the region, serving his country in senior positions for a period of 22 years.

He was the Minister of Transport and Communications from 2000 to 2004 and Minister of Finance and Planning from 1994 to 1999.

During this period, he also served as Governor for Mozambique at the African Development Bank, International Monetary Fund and the World Bank.

While performing his duties as the Governor for Mozambique, he managed to build trust and confidence with these institutions and other international co-operating partners in order to mobilise the much needed resources for the post war reconstruction and economic reform programme of Mozam- bique.

He was also instrumental in paving the way for the creation of a conducive environment to attract foreign direct investment into the country.

Metallon Corporation chief executive and deputy chairman Mr Mzi Khumalo said Metallon is pleased with Dr Salomatildeo’s appointment.

“We are pleased to have Dr Salomatildeo join the board of Metallon Corporation. He brings vast experience and credibility which will add further expertise to our board of directors.

“His in-depth knowledge of the Sub-Saharan African economic and political environment will be extremely valuable as we implement our strategy to expand the business and enter our next phase of growth,” said Mr Khumalo.

Metallon Corporation, which is Zimbabwe’s largest gold producer, has embarked on a restructuring exercise as the group sees gold output rising to 500 000 ounces per annum by 2019.

Metallon is internally restructuring the group business and each mine entity in order to improve efficiencies and to consolidate its assets and as part of this restructuring at Shamva and Arcturus, Metallon is converting current mining claims into mining leases.

Source : The Herald

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