metallon gold zimbabwe mines

JUST IN: Leading gold mining company CLOSES 3 mines

This comes after Zimbabwe's biggest gold miner, Metallon Gold, also recently closed shop at one of its major gold mines – Mazowe – amid foreign currency constraints and mounting debts. Government, after meeting South African owner and business mogul, Mzi Kumalo, pledged all critical facilitation to avoid the firm going down on its knees. Get price

Major Mines Projects

Metallon has been forced to put its mines on care and maintenance because of the unsustainable costs of running them without proper compensation for its proceeds from the Government of Zimbabwe. Where payments were received, they would only amounted to a third of the total owed. Get price

Zimbabwe's Landela agrees to buy state

Until 2017, Metallon was Zimbabwe's largest gold miner, producing 100,000 ounces a year. A 2016 estimate showed Metallon had a mineral resource of 8.3 million ounces of gold. "If we can have time to develop the assets properly with the appropriate amount of Get price

Metallon to spend $78 mln to raise gold output in

2015/2/26Metallon Corporation runs five gold mines in Zimbabwe through its Metallon Gold unit which produced 98,864 ounces last year, just shy of its target of 100,000 ounces. Klara Kazmarek, Metallon head of communications said the investment would be financed from loans and internal cash and could vary depending with results of feasibility studies. Get price

Metallon Gold Mines Site

Metallon owns five gold mines in Zimbabwe where it is the biggest producer of the precious metal. Metallon Reports On New Projects At Its Zimbabwean 2020-6-1Fabrication of the 60 000 tonne per month plant by Baldmin Engineering in South Africa is nearly complete and plant erection on site will commence this month August with commissioning of the plant delayed by a month until November 2015. Get price

JUST IN: Leading gold mining company CLOSES 3 mines

This comes after Zimbabwe's biggest gold miner, Metallon Gold, also recently closed shop at one of its major gold mines – Mazowe – amid foreign currency constraints and mounting debts. Government, after meeting South African owner and business mogul, Mzi Kumalo, pledged all critical facilitation to avoid the firm going down on its knees. Get price

Zimbabwe gold mines lure investor despite economic ruin

Zimbabwe's biggest gold mines are being snapped up by Mauritius-based Sotic International Ltd. as the price of bullion soars to the highest in more than eight years. Landela Mining Ventures Ltd., which is controlled by Sotic, bought two of Zimbabwe's gold mines this year. Get price

Nine killed in uncontrolled dynamite blast at Metallon's

2019/5/27With formal unemployment above 80 percent, thousands of young men risk their lives daily working in dangerous underground tunnels in search of gold, Zimbabwe's largest mineral export earner. The southern African nation has been working to regulate thousands of people who illegally dig for gold everywhere, including on farms and abandoned mines, mostly under the cover of darkness. Get price

【 bubi gold mine in zimbabwe

Metallon Gold Zimbabwe is conducting a feasibility study at its Motapa gold mine in Bubi with the intention of reviving operations there. The mine closed in 1990. Metallon Gold acquired the Motapa mining lease and 15 additional old claims covering the area from Oleaster Investments in October 2003. Get price

Stanmarker Mining (Pvt) Ltd. v Metallon Corporation Ltd.

On or about 24 June 2002, Stanmarker and Metallon concluded a written agreement in respect of their intended acquisition of the shares in Independence Mining (Private) Limited ( Independence ), a Zimbabwean company which owns five gold mines in Zimbabwe Get price

shamva gold mine zimbabwe

Shamva and Mazowe Mines have been put into corporate rescue after an application by unions for a reconstruction order on the two mines, owned by Metallon, once the country's biggest gold producer. The Associated Mine Workers Union of Zimbabwe (AMWUZ) applied for a reconstruction order on the idled Mazowe and Shamva in 2019, in a bid to secure unpaid wages as creditors besieged the mines. Get price

Major Mines Projects

Metallon has been forced to put its mines on care and maintenance because of the unsustainable costs of running them without proper compensation for its proceeds from the Government of Zimbabwe. Where payments were received, they would only amounted to a third of the total owed. Get price

Kudakwashe Tagwirei's Landela snaps up four state

2020/7/4Until 2017, Metallon was Zimbabwe's largest gold miner, producing 100,000 ounces a year. A 2016 estimate showed Metallon had a mineral resource of 8.3 million ounces of gold. "If we can have time to develop the assets properly with the appropriate amount of capital, this will be a significant business," Brown said. Get price

shamva gold mine zimbabwe

Zimbabwe consortium formed to bid for Metallon mines May 28, 2019 VARA Mining, a consortium of Zimbabwean business interests, has bid for control of the Mazowe and Shamva mines owned by Metallon Corporation, South African entrepreneur, Mzi Khumalo's bankrupt gold mining company.. Get price

Mzi Khumalo's company 'externalises' $30m

Metallon Gold Zimbabwe (Pvt) Ltd, owners of How Mine near Bulawayo and other gold mines in the country, has been taken to court on allegations of externalising more than $30 million. Preminent South African businessman Mr Mzi Khumalo is the non-executive chairman of Metallon Corporation, the parent company of five gold producing mines in Zimbabwe - Shamwa, Redwing, How mine, Mazowe and Get price

Zimbabwe gold mines lure investor despite economic ruin

Still, the quality of Zimbabwe's assets and the rally in gold justify investor backing for the mines, said Brown. Zimbabwe's gold output fell to 27 tons last year, down from 33 tons in 2018, as producers struggled with a myriad of challenges from power outages to shortages of foreign currency. Get price

Metallon Gold resuscitates open pit mine in Mat South

2012/4/8Metallon has five gold mines in Zimbabwe but only two, its flagship How Mine and the Shamva Mine, are currently producing gold and operating at around 80% capacity. Of the three mines that are non-operational, Arcturus and Mazowe are partially flooded and are expected to commence full production within six months. Get price

Mines owe pension fund US$100m

2017/6/16The largest defaulters, namely Hwange, AA Mines, Metallon, RioZim, Zimbabwe Mining Development Corporation (ZMDC) and Marange Resources owed 83,59% of the outstanding contributions. The report shows that Hwange Colliery, which is currently in the doldrums, owes the MIPF US$28 million followed by the country's largest gold producer Metallon Corporation (US$16 million). Get price

Zimbabwe's Landela agrees to buy state

Zimbabwe's Landela Mining Venture has reached agreements to take over and revive four idle state-owned gold mines and is in talks to buy more assets from a privately-owned bullion producer, its chief executive said on Friday. Unlisted Landela is majority-owned Get price

Largest Gold Mine In Zimbabwe

Zimbabwe's largest gold producer, Metallon has made its four mines stand alone operations in a restructuring exercise it says will increase efficiencies. Metallon operates four mines — How Mine, Mazowe, Redwing and Shamva and each of these mines is now operating under separately registered companies, namely Bulawayo Mining . Get price

Tagwirei eyes State gold mines

2019/12/22Investment vehicles, reportedly linked to a prominent Harare businessman with interests in mining and oil, Kudakwashe Tagwirei, are angling to buy four gold mines owned by the Government of Zimbabwe. Well-placed sources with knowledge of the ongoing negotiations, revealed the investor was targeting gold mines owned by the State through the Zimbabwe Mining Development Corporation Get price

Zimbabwe gold mines lure offshore investor despite

Zimbabwe's biggest gold mines are being snapped up by Mauritius-based Sotic International as the price of bullion soars to the highest in more than eight years. Landela Mining Ventures, which is controlled by Sotic, bought two of Zimbabwe's gold mines this year. The newcomer is targeting six more mines, including four idled state-owned operations, said Sotic Chief Executive Officer David Get price

Breaking News Metallon Gold sacks CEO

Tinashe Makichi HARARE – Metallon Gold Corporation has reportedly fired chief executive Kenneth Mekani with immediate effect. Mekani was appointed as the company's chief executive in 2015 and has been working closely with Mzi Khumalo, former chief executive officer and deputy chairman. Metallon head of communications Klara Kaczmarek confirmed to Business Times that Mekani was leaving the Get price

Landela eyes Metallon gold mines

2020/5/8Metallon Corporation owns four gold mines in Zimbabwe namely Mazowe and Shamva, which are currently under administration. The other mines are How and Redwing. Mazowe and Shamva mines were placed under the administration after the High Court granted an application by Associated Mines Workers' Union of Zimbabwe for a reconstruction order. Get price

Metallon

Metallon Corporation is the owner of four gold mining companies in Zimbabwe. Gold production was 94,212 ounces in 2016 and the target is 115,000 ounces in 2017. Across the Group Metallon has a significant resource base with a JORC-compliant 8.3 million ounce resource, and is targeting an additional 4 - 6 million ounces through exploration (SRK 2014). Get price

Debts push Metallon Corporation to the brink

2018/9/7PROPERTY belonging to Zimbabwe's largest gold producer, Metallon Corporation, will be auctioned by the High Court to recover an estimated US$30 million owed to various creditors and workers, as the miner mulls disposing some of its under-performing mines Get price