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26.09.2018 Business & Finance

Development Fund For Host communities Set For Implementation

Development Fund For Host communities Set For Implementation

Ghana Manganese Company (GMC) would soon implement a Development Fund for its host communities.

The Ghana Manganese Company Development Fund would provide a reliable and transparent system for fair distribution of resources the company spends on community development.

Mr Zhang Zhensheng, the Managing Director of (GMC), announced this when he was introduced to the Company's stakeholders at a durbar at Nsuta Wassa, a suburb of Tarkwa.

He said he had endorsed the model that was expected to run akin to those of its sister mining companies.

He assured stakeholders that GMC would play its part in developing the country, especially its 17 operational areas.

Mr Zhensheng succeeded Mr Jurgen Eijgendaal who resigned from the Company this year after working in the mines for 20 years.

Until his appointment, he was the Deputy Managing Director of Ningxia Tianyuan Manganese Industry Group (TMI) in China.

In 2002, Mr Zhensheng joined the Mining Bureau of Shizuishan City as the Deputy Director, managed project development and foreign investment as well as restructuring and reconciliation of the coal mines.

He also served as the Assistant General Manager and General Manager at Shenhua Ning Coal Group Company Limited between 2002 to 2017.

Mr Zhensheng holds a Master's Degree in Enterprise Management from the Department of Industrial Economics of Graduate School of Chinese Academy of Social Sciences.

Nana Kwesi Atobra II, the Divisional Chief of Esuaso Traditional Area, congratulated Mr Zhensheng on his new appointment and pleaded with him to draw policies and strategies that would build and sustain the Company.

Ningxia Tianyuan Manganese Industry Group of China in late 2017 and early 2018 acquired GMC.

The TMI is a global leader in electrolytic manganese, founded in 2003.