Zimbabwe's biggest gold producer, Metallon Gold has sold off its Arcturus mine to Tawanda Nyambirai's investment company, TN Securities at an undisclosed price Arcturus Mine has a proven gold resource of one million ounc Metallon has ceded all of its rights and obligations concerning Arcturus Mine to TN Securities as part of the disposal process
The Zimbabwe Electricity Transmission and Distribution Company (ZETDC) has taken Metallon Gold Zimbabwe to court to compel the gold miner to settle a $9,3 million bill for power supplied to three of its min The power utility filed summons at the High Court through its lawyers, Chihambakwe, Mutizwa and Partners claiming payment for electricity supplied
May 16, 2019· Source: Gold miner Metallon demands $132 mln from Zimbabwe central bank -documents – Reuters JOHANNESBURG (Reuters) – Africa-focused gold miner Metallon Corporation is demanding nearly $132 million it says it is owed by Zimbabwe’s central bank, legal documents showed on Thursday, as the country’s mining sector grapples with a severe dollar crunch
ministry of mines zimbabwe metallon gold Government pledges support for Metallon Mining Zimbabwe The Metallon majority shareholder said given the way the Ministry of Mines and Mining Development was now organised, the gold mining group was confident that it was going to be able to achieve its targets within the set time lin registered gold mines in zimbabwe aelabworldcoza
Mazowe Metallon Gold Mine rescue team managed to retrieve all the bodies by yesterday morning A witness, Gift Zororo told NewsDay that: “These guys were 11 when they entered the mine and were coming from level 2 and when they were at level 9 another team blew their explosive without informing them which is a rare incident here at Jumbo
Aug 02, 2016· Metallon Corporation 1,635 lik Metallon Corporation is a leading gold producer, developer and explorer in southern Africa
For almost two weeks now, workers of Arcturus Mine, one of the five active mines in the country owned by Metallon Gold Zimbabwe, the largest gold producer, have been on strike, demanding back-dated pay, as a condition to returning to work The strike was triggered by the wives of the workers, who .
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 Vara Mining comprises a team of local entrepreneurs and business executives with extensive knowledge, experience and expertise in mining ,
TINASHE MAKICHI The country’s biggest gold producer Metallon Corporation has put its Mazowe Mine under care and maintenance rendering hundreds of its employees jobless The miner, whose local units include How Mine, Mazowe Mine, Shamva and Redwing Mine, is owned by South African mining magnate Mzi Khumalo Well-placed sources told Business Times that a majority [,]
Apr 20, 2010· Harare — A THREE-WEEK strike by Shamva Gold Mine workers which had halted operations at the mine, one of Metallon Gold Zimbabwe's key mines, has ended About 900 workers had downed tools, citing .
Zimbabwe’s largest gold producer, Metallon Corporation, has suspended production at three of its four local mines due to mounting debts Mzi Godfrey Khumalo aka Mr Mzilikazi Khumalo is a South .
Apr 14, 2019· (Bloomberg) -- Gold producer Metallon Corp halted output at three of its four mines in Zimbabwe because of mounting debts, as a South African newspaper reported the owner is considering selling the operations The suspension is the latest sign of stress in the southern African nation’s gold .
May 27, 2019· Miners pan for gold in Zimbabwe At least nine illegal gold miners have died in Zimbabwe after they detonated explosives underground and were trapped at a mine owned by unlisted London-headquartered Metallon Corporation north of the capital Harare, the company said on Monday
One of the country’s largest mining companies Metallon Corporation is suing the Reserve Bank of Zimbabwe (RBZ) for failing to pay US$132 million for gold delivered to Fidelity Printers and Refiners The company which is owned by South African tycoon Mzi Khumalo also accused the central bank of corruption and impunity Below is a notice [,]
May 30, 2019· Meanwhile, Mines and Mining Development Deputy Minister Polite Kambura yesterday expressed disappointment at Metallon Gold following the death of eight illegal gold miners at its Jumbo Mine in Mazowe after it emerged that unpaid mine workers are leading illegal gold miners underground
May 27, 2019· At least nine illegal gold miners have died in Zimbabwe after they detonated explosives underground and were trapped at a mine owned by unlisted London-headquartered Metallon Corporation north of .
Metallon Corporation, a gold mining group owned by Mzi Khumalo, one of South Africa's most prominent mining entrepreneurs, has reportedly filed for business rescue for two of its subsidiaries, Goldfields of Mazowe Limited and Goldfields of Shamva Limited, in order to protect the companies' assets from being seized by creditors The Business rescue process, as established by the South ,
Metallon has a world-class gold resource of over 8,3Moz How Mine, near Bulawayo, is the flagship mining operation and produces over 55% of production Shamva and Mazowe Mines produce approximately 22% and 13%, respectively, and Redwing Mine is currently ramping up production Gold production in 2016 was 94 212 ounces and the budget for 2017 is .
May 20, 2019· Company Overview Metallon Gold Zimbabwe Ltd owns and operates gold mines which includes How Mine, Shamva, Arcturus, Mazowe, and Redwing min ,
Sep 13, 2018· Metallon Corporation, the biggest gold mining company in Zimbabwe, and Gold and General Limited, Mzi Khumalo’s investment holding company, hosted a private lunch between Hon Winston Chitando, the Minister of Mines and Mining Development in Zimbabwe, certain leading investment banks and the London Stock Exchange in London on Friday 16th March 2018
TINASHE MAKICHI There is an imminent disaster waiting to happen at Metallon Gold Corporation following revelations that its Mazowe Gold Mine underground operations have been invaded by illegal gold miners The halting of operations at the Mashonaland Central-based Mazowe Mine last year, owing to operational challenges, rendered most of its employees jobless and also opened [,]
7 days ago· LOCAL consortium, Vara Mining, has made a bid for Metallon Corporation’s Mazowe and Shamva gold mines, according to sources familiar with the developments This comes as mid-tier Canadian miner .
Metallon restructures | The Herald Sep 7, 2017 , Metallon Corporation runs four gold mines, namely How Mine, Mazowe, Redwing and Shamva Each of the mines is now operating under.
Africa-focused gold miner Metallon Corporation is demanding nearly $132 million it says it is owed by Zimbabwe’s central bank, legal documents showed on Thursday, as the country’s mining .
Sep 07, 2017· ZIMBABWE’S largest gold producer, Metallon Gold, is restructuring its business, where each of the four operating mines will now operate as separate entities, as part of a strategy to increase .
Metallon is Zimbabwe’s largest gold mining company, operating four gold mines throughout the country The company, which is headquartered in London, was founded in ,
Gold producer Metallon Corp halted output at three of its four mines in Zimbabwe because of mounting debts, as a South African newspaper reported the owner is considering selling the operations
Zimbabwe’s biggest gold producer Metallon Gold Corporation’s problems have deepened amid revelations the group has gone for months without paying creditors and employees of some of its mines .
May 16, 2019· Metallon Corp, which acquired Lonmin Plc’s gold mines in Zimbabwe in 2002, wants an additional $58 million because the central bank prevented it from externalizing 2% of revenue as a .
Apr 13, 2019· Metallon Corporation, a gold mining group owned by Mzi Khumalo, one of South Africa’s most prominent mining entrepreneurs, has reportedly filed for business rescue for two of ,