ZCI: Willem Badenhorst

Willem Badenhorst has been the Financial Director of ZCI since 14 November 2012. He is also the Senior Manager of Maitland Group.

Willem Badenhorst is a Senior Manager and in charge of the Private Client Accounting business area of the Maitland Group. He joined Maitland in 2009, first in a consulting role and subsequently heading up the Product Solutions business area. He has a wide range of experience in the investment fund and professional services industry. He began his career with an audit and professional services firm in Cape Town from 2003 to 2005. At the start of 2006, he relocated to Luxembourg where he took up an Audit Manager appointment with Deloitte, specialising in the audit of regulated UCITS funds, offshore hedge funds and private equity fund investing in emerging market economies. He has been Non-Independent Executive Director and CFO of ZCI Ltd since November 2012. He is a qualified Chartered Accountant (SA). He has a B.Acc from Stellenbosch University.

2012 – Present    Financial Director, ZCI Ltd
2016 – Present    Managing Director, Corporate Clients, Maitland
2013 – 2016         Head of Institutional Client Operations, Maitland
2011 – 2013         Senior Manager, Private and Corporate Clients, Accounting                                          Services, Maitland
2011 – 2011         Head of Product Solutions, Maitland
2009 – 2011         Senior Manager, Product Solutions
2006 – 2008         Manager, Deloitte Luxembourg
2003 – 2005         Audit Trainee, Horwath Zeller Karro

2005                      CA (SA), SAICA 
1999 – 2002        B.Acc, Finance, Stellenbosch University

About ZCI Ltd: ZCI Limited (ZCI) is incorporated in Bermuda with its ordinary shares being listed on the Johannesburg Stock Exchange (JSE) and on Euronext. ZCI owns 73.4 % of the ordinary shares in African Copper Plc (ACU) which is a base metals company, incorporated in England and Wales. 

The Group’s main project, through its subsidiary Messina Copper (Botswana) (Pty) Ltd (Messina), includes the copper-producing open pits at the Mowana pit and Thakadu pit, and the Mowana plant (collectively referred to as the Mowana Mine) which are all located close to Botswana’s second largest city, Francistown, in the north-eastern part of the country. 

Mowana Mine and all current estimated mineral resources and reserves are part of the Dukwe Project, comprising mining license 2006/53L, with an area of 32.7sq km and valid until the end of 2031 as well as other properties in the area. Thakadu Pit is situated within mining license 2010/96L, which is valid until the end of 2017. Messina is currently on care and maintenance owing to ongoing liquidation proceedings. 

The Group also, through its subsidiary Matsitama Minerals (Pty) Ltd (Matsitama), holds the Matsitama Project, consisting of prospecting licences contiguous with the Mowana Mine deposit and in which the group is exploring for IOCG and similar deposits.