JOHANNESBURG: Thungela Resources Ltd. has announced a change in leadership as current CEO July Ndlovu is set to retire in 2025 upon reaching the company’s mandatory retirement age of 60.

Ndlovu, who has been at the helm of Thungela, has been recognized for his exceptional leadership and extensive mining experience, which has contributed significantly to the company’s growth and success.

Following a thorough selection process, the Thungela board of directors has appointed Moses Madondo as the new CEO designate, effective August 1, 2025. Madondo, who currently serves as the CEO of De Beers Group Managed Operations, will take over the role from Ndlovu, who will stay on to ensure a smooth transition.

Madondo brings more than 25 years of mining experience to Thungela, having held various senior leadership positions. He also serves on several divisional boards and is a board member of the Minerals Council of South Africa and Rand Refinery Ltd. His qualifications include an Executive MBA, a Post Graduate Diploma in Management Practice, and a Bachelor of Science in Mechanical Engineering.

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