550,000 pounds of toothpaste - 2.5 million tubes - are used; enough to fill a small jetliner. (calcium carbonate, zeolites, trona, clays, silica)
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Vumbachikwe Mining Company is an African resources company established in March 1980.
The company was formed through a reverse takeover of Rhodesian Gold plc, Rhodesian gold exploration and mining company, by a privately held mining company, Vumbachikwe Mining Company Holdings (Pvt) Limited.
With operations and exploration activities in Zimbabwe, and a broad range of exploration and development projects in the African region, the asset base is diverse — gold, nickel, copper, zinc, cobalt and, more recently, diamonds and oil and gas. The company intends to pursue further mining opportunities across the African continent, both independently and, where appropriate, in partnership with other stakeholders.
Vumbachikwe Mining Company intends to create value through developing a broadly based portfolio of operations and exploration programmes in commodities and countries across the African continent, securing efficient and low-cost production, building trusted partnerships and being the preferred vehicle for investors and entrepreneurs.
Vumbachikwe Mining Company is well positioned to build a truly pan-African resources group that brings strong returns for its shareholders and contributes significantly to the benefit of the African people and their continent.
Vumbachikwe Mining Company’s strategy is based on:
Multi-commodity assets: a strong spread of quality production and exploration assets, including nickel, gold, copper, cobalt, diamonds, gas, oil and zinc;
Low-cost production: efficient management and tight cost control;
Trusted partnerships: being the preferred vehicle for African investors, entrepreneurs and partners;
High-quality management: led by a highly skilled and experienced management team which is able to secure beneficial deals, projects and returns; and
Vumbachikwe Mining Company plc recognises the importance of sound corporate governance and the guidelines set out in the Principles of Good Corporate Governance and Code of Best Practice (the “Combined Code”). Whilst companies are not obliged to comply with the Combined Code, the Board does intend to comply with the Combined Code so far as is appropriate having regard to the size and nature of the various companies making up Vumbachikwe Mining Company. The Board will take such measures so far as practicable to comply with the Combined Code.
The Board holds quarterly board meetings throughout the year and is responsible for formulating, reviewing and approving Vumbachikwe’ strategy, planning, budgets, major items of capital expenditure, acquisitions, risk, human resource and environmental management.
Vumbachikwe Mining Company has also established Audit and Remuneration Committees, details of which are provided below.
The Audit Committee meets at least twice a year and is responsible for ensuring that the financial performance of the Company is properly reported on and monitored. It liaises with the auditors and reviews the reports from the auditors relating to the accounts and internal control systems.
A Remuneration Committee reviews the performance of the Executive Directors and sets the scale and structure of their remuneration on the basis of their service agreements with due regard to the interests of the Shareholders and the performance of the Company. The Remuneration Committee also makes recommendations to the Board concerning employee incentives, including the allocation of share issues to employees. Directors of the Company are not permitted to participate in discussions or decisions of the committee concerning their own remuneration.