metallon gold mine

Metallon Gold sells Arcturus Mine | The Chronicle
"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 ...
ministry of mines zimbabwe metallon gold
Metallon Gold strengthens position | The Herald. Oct 9, 2014 ... Metallon Gold is owned by South African mining magnate Mr Mzi Khumalo and has five gold mines in Zimbabwe which are How Mine, Shamva Mine, Arcturas Mine, Mazowe ... Govt rejects WhatsApp proposal ban .
Metallon halts output at three Zim gold mines over debts ...
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.
Metallon Closes 3 Mines, Mull Plans To Sell To Canadian ...
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.
Mismanagement blamed for Metallon Gold Mines downsizing
Of these, Shamva and Mazowe Jumbo Mine have been rocked by mismanagement. "Metallon Gold Ltd is being mismanaged by its Executive and Founder, Mzilikazi Khumalo. Khumalo for the past years has been collecting proceeds from Shamva and Mazowe Jumbo Mines without considering operational costs and payment of workers.
South African Mining Mogul Mzi Khumalo Puts Zimbabwean ...
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 .
Metallon Gold restructures – Update News – News at the ...
Metallon has a worldclass 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 ...
Mark Tsomondo Group Exploration Manager Metallon Gold ...
View Mark Tsomondo's profile on LinkedIn, the world's largest professional community. ... Group Exploration Manager at Metallon Gold Zimbabwe (Pvt) Ltd Zimbabwe Mining Metals. Metallon Gold Zimbabwe (Pvt) Ltd. ... Group Exploration Management for producing gold mines and rediscovery of Midwinter Gold Mine in 2012. Managing Consultant
Metallon moves to protect Zimbabwe gold mines from ...
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 Halts Output at Three Zimbabwe Gold Mines Over ...
Zimbabwe gold industry has been hampered by currency shortage; 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.
shamva gold mine zimbabwe
: 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. .
ZETDC sues Metallon over 9,3m power debt Zimbabwe Today
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 mines. The power utility filed summons at the High Court through its lawyers, Chihambakwe ...
How Mine, Bulawayo, Zimbabwe
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 gold zimbabwe pvt ltd how mine
METALLON CORPORATION SALE OF ARCTURUS MINE. Metallon Corporation ('Metallon'), the gold mining, development and exploration Company with producing assets in Zimbabwe, has announced the sale of Arcturus Mine to TN Securities (Pvt) Ltd. Arcturus Mine has a gold resource of 1 million ounces with exploration potential.
Mzi Khumalo Miningmx
Mzi Khumalo has it all to do in order to save his Londonheadquartered Metallon Corporation from oblivion. The company is struggling to pay off debt and can't raise additional funds that are required in order to expand the firm's gold mines fivefold to 543,000 ounces a year – a capital programme that is crucial for scale and critical mass but which carries a 530m price tag.
Metallon suspends operations in three mines | Mbare Times
Zimbabwe's largest gold producer, Metallon Corporation, has suspended production at three of its four local mines due to mounting debts. South African online newspaper mining weekly recently reported that the mine owner, Mr Mzi Khumalo, was considering selling the operations. Metallon suspended operations after a group of workers applied to have businessrescue measures implemented at [.]
mining in redwing metalon gold zimbabwe
mining in redwing metalon gold zimbabwe_Metallon may pay suppliers in gold amid Zimbabwe cash Sep 18, 2018·(Bloomberg) Metallon Corp. is considering paying mining equipment suppliers in gold because a cash sh
Zimbabwe gold mine vexes Metallon
Metallon owns five gold mines in Zimbabwe, where it is the biggest producer of the precious metal. Mzi Khumalo's Metallon is feeling the pinch of Zimbabwe's struggling economy and is considering ...