Caledonia Mining Appoints July Ndlovu as Independent Director

Caledonia Mining Corporation PLC has announced the appointment of July Ndlovu, former Chief Executive Officer of Thungela Resources, as an independent non-executive director. The addition of Ndlovu to the board brings nearly three decades of mining and executive leadership experience to the London-listed gold producer, further enhancing its governance and strategic capabilities. His appointment aligns with Caledonia’s ongoing expansion strategy across Zimbabwe and the wider African region, as the company continues to pursue sustainable growth in the gold sector.

July Ndlovu’s distinguished career spans both operational and executive roles in major mining houses. At Thungela Resources, he played a pivotal role in steering the company through its successful 2021 spin-off from Anglo American, transforming it into one of South Africa’s leading coal exporters. Prior to that, he served as Executive Head of Process at Anglo American Platinum, where he oversaw operations responsible for a substantial share of global platinum group metals (PGM) output. His leadership was marked by a strong focus on operational efficiency, environmental responsibility, and workforce development, principles that resonate with Caledonia’s own values and approach to mining.

In addition to his previous executive positions, Ndlovu currently serves as a board member of AECI Limited, a global mining and chemicals group active in more than 20 countries. There, he chairs the Remuneration and Human Capital Committee, emphasizing his expertise in corporate governance and strategic workforce management. Ndlovu has also chaired the boards of Unki Mine and Anglo American Zimbabwe, further underlining his deep understanding of mining operations within the southern African context.

Caledonia Mining Chairman John Kelly noted that Ndlovu’s proven ability to lead, scale, and transform mining businesses will be instrumental as the company advances the next phase of its growth. His appointment not only strengthens the board’s leadership but also reinforces Caledonia’s commitment to maintaining robust governance and sustainable operational standards. As Caledonia continues to expand its footprint in Zimbabwe’s gold sector, including projects such as the Blanket Mine and other exploration initiatives, the company’s leadership team is now better positioned to navigate the evolving dynamics of Africa’s mining landscape.

Mini-Glossary

• Independent Non-Executive Director: A board member who provides objective oversight and advice without being involved in daily company operations.
• Spin-Off: The creation of a new, independent company through the separation of part of an existing business.
• Platinum Group Metals (PGM): A group of six precious metals; platinum, palladium, rhodium, ruthenium, iridium, and osmium, used in catalytic converters and industrial applications.
• Remuneration and Human Capital Committee: A board committee responsible for overseeing executive pay, workforce strategy, and talent development.
• Corporate Governance: The system of rules and practices that direct and control a company, ensuring accountability and transparency.