A retired colonel in the Zimbabwean army has been appointed to head Marange Resources, according to a report in the Harare-based Financial Gazette.
Tshinga Dube, who served as the CEO of Zimbabwe Defense Industries, has been tapped to lead Marange.
Apart from his duties at ZDI, he has also served on the board of a number of companies, including the Zimbabwe Mining Development Company. He is also a member of Zimbabwe’s ruling ZANU-PF faction.
According to the Financial Gazette, Marange Resources is jointly owned by the ZMDC, the official holder of the Chiadzwa Marange diamond concession, in conjunction with Chinese investors.
Marange Resources is one of the few companies that have been selected to develop the Marange diamond fields, where a vast reservoir of gems was discovered five years ago.
Officials in Zimbabwe estimate that the country has the potential to generate $2 billion in revenue annually from its diamond exports, according to the Financial Gazette.