The consultation comes in the middle of RioZim’s liquidity having actually reduced by almost 8% in its half-year efficiency through finished June 30, 2024, after losses broadened by almost 50% over the exact same duration.
EMBATTLED miner, RioZim Limited’s (RioZim) has actually selected Diedre Niehaus, as the head of its Legal, Human Resources and Administration with impact from July 1, 2024.
The consultation comes in the middle of RioZim’s liquidity having actually reduced by almost 8% in its half-year efficiency through finished June 30, 2024, after losses broadened by almost 50% over the exact same duration.
For the half-year duration, RioZim taped a loss of ZiG165,71 million, from a 2023 relative of ZiG110,48 million.
The loss was credited to a 27% decrease in gold manufacturing through under testimonial.
“The board of directors of RioZim Limited is pleased to announce the appointment of Ms Diedre Niehaus, as the Head of Legal, Human Resources and Administration with effect from the 1st July 2024,” RioZim claimed, in a declaration on Monday.
“Ms Niehaus is a seasoned Legal Counsel who holds BComm (Law) and B-Proc LLB degrees (R.A.U) and is studying towards completing her LLM in International Trade and Investment Law. She has been engaged in the African mining/resources and oil & gas/energy sectors for the past 22 years, specialising in mining law, energy law, oil & gas law, general commercial law, mergers & acquisitions, and cross-border transactions.”
The last consultation by the board came last month when Srilatha Cherukuri was selected as a non-executive supervisor with impact from August 1, 2024.
Cherukuri is a licensed legal accounting professional with the Institute of Chartered Accountants of India and holds a Master of Commerce from Osmania University, Hyderabad.
Cherukuri has more than 28 years of post-qualification experience being experts in audit, retail, airport terminal, PPP, industrial property, and facilities with reputed firms.
RioZim claimed Niehaus has actually additionally functioned as a purchase consultant in numerous territories throughout Africa, including practically all valuable and base steels, hefty minerals, commercial minerals and the oil and gas fields.
“She has held senior legal counsel and executive positions for resources companies listed on the AIM Market of London Stock Exchange and advised various international companies (NYSE, LSE, ASX, TSX and AIM listed) on the structuring of M&A transactions, tax issues, corporate, structured and project finance and cross-border transactions in the mining and oil & gas industry in Africa and the Middle East,” RioZim claimed.
“Diedre has served on the EXCO team of several mining houses such as Namakwa Diamonds, AREVA Resources (now Orano), AREVA Exploration Central Africa and Uranium One.”
