Dec 10, 2012· : Zimbabwe: Shamva Gold Mine Strike Ends Harare — A THREEWEEK strike by Shamva Gold Mine workers which had halted operations at the mine, one of Metallon Gold Zimbabwe's key mines, has ended. . »More detailed
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.
Shortage of foreign exchange in Zimbabwe is dealing a huge blow on the country's mining asset, Gold. The billion dollar gold mining industry is crucial for its economy's sustenance. Already, one of its biggest producers, Metallon Corp. has halted output at three of its four mines and is also considering selling the operations over 200m debt.
Apr 15, 2019· Metallon said in a statement: The company has since placed three of its mines — Mazowe, Shamva and Redwing — under care and maintenance as debts mount. Reports indicate that Metallon owner Mzi Khumalo is mulling plans to sell the company's gold mines, which have accumulated about 200 million of debt.
"Metallon has four operating mines and over eight million ounces of gold resources. The sale of Arcturus Mine is in line with Metallon's strategy to prioritise our investments, focus resources ...
Metallon's technical director Isadore Matunhire told journalists during a tour of the mine yesterday that the 500 000 output would be underpinned by expansion works at its five gold mines under its wings. Metallon runs five mines — How Mine, Arcturus, Shamva, Redwing and Mazowe. Arcturus is currently under care and maintenance.
Jul 24, 2015· Metallon Gold Zimbabwe (Pvt) Ltd. Metallon Corporation Limited ("Metallon") is a leading gold producer, developer and explorer in southern Africa. Metallon is focused on low cost, high grade mining operations and increasing gold production to 500,000oz pa by 2019.
How Mine, Bulawayo, Zimbabwe : Gold mine. Regional Geology. This geological map and associated information on rock units at or nearby to the coordinates given for this locality is based on relatively small scale geological maps provided by various national Geological Surveys.
Metallon cedes Mazowe unit to SA firm . Oct 26, 2015 ... Mazowe is the biggest among the former Lonrho Zimbabwe gold mines located in Bulawayo, Mutare, Acturus, Shamva and Mazowe, which is...
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.
Oct 27, 2010· Metallon Gold Zimbabwe, the country's largest gold mining house, plans to list on the London Stock Exchange's Alternative Investment Market (AIM) first before localising the share register ...
largest gold mine in zimbabwe enerwater. VOA Zimbabwe Audio Tube VOA, one of the five active mines in the country owned by Metallon Gold Zimbabwe, the largest, Apart from Arcturus mines, Metallon Gold . Read More Gold Mine for Sale in Zimbabwe, Mazowe Area, Close to Harare
Apr 14, 2019· A spokesperson for Metallon said that once the situation in Zimbabwe changed the company would be keen to "reestablish gold mining operations and continue to repay creditors". Three of Metallon's ...
The spot gold price rose to a session high of 1 on Wednesday. Costs at How Mine, which produces half of Metallon's total output, are among the lowest in the world at 600 per ounce, Mekani said. "Even if the price of gold continues to fall, How Mine will continue to survive," he said.
Apr 14, 2019· Gold producer Metallon 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.
Jun 12, 2011· Mzi Khumalo ( 4, 1955), is aTop South African mining magnate . He is one of SA' s bestknown businessmen. In the past 10 years he has built a corporate and personal empire consisting of Metallon Corporation and Mawenzi – the group that houses his personal investments.