metallon gold mines in zimbabwe

Metallon Gold in $16,3mln capex to boost Redwing mine ...

ZIMBABWE'S largest gold producer, Metallon Corporation, plans to spend $16,3 million in capital expenditure at its Redwing Mine over the next five years, boosting output by nearly 60 percent to ...

Gold miner Metallon demands $132 mln from Zimbabwe central ...

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.

Shamva Mine loses vehicles in auction - DailyNews Live

Aug 03, 2018· "Due to recent political changes and renewed confidence in Zimbabwe, GFM (Gold Fields of Mazowe) is now in a strong position to invest in its gold mining operations," Metallon said referring to its operation in Mazowe Mine. Mazowe holds about 1,8 million ounces of gold reserves.

Metallon Closes 3 Mines, Mull Plans To Sell To Canadian ...

Apr 15, 2019· Metallon Gold reportedly ceased operations at three of its four mines in Zimbabwe because of mounting debts, according to South African media reports. The company's operations are being hindered by an acute shortage of foreign currency. The problem has been worsened by the country's regulations which stipulate that gold mining companies sell their metal to […]

At least nine illegal Zimbabwean miners die after mine ...

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 ...

1 Killed, 4 Injured At Metallon Gold's How Mine ⋆ Pindula News

Jun 24, 2019· One employee was killed while 4 others were injured in an accident at How Mine resulting in the closure of the North Shaft. How Mine is operated by Metallon Gold. In a statement, the company said: We regret to advise of an accident at Bulawayo Mining Company's How Mine that occurred on Thursday 20th June.

Debts push Metallon Corporation to the brink - The ...

Sep 07, 2018· A source close to Metallon says the mining concern was downsizing its workforce as part of a "broader plan to dispose some of its under-performing assets" to service its mounting debts. PROPERTY 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 […]

Metallon Halts Output at Three Zimbabwe ... - Bloomberg L.P.

Apr 14, 2019· 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 …

Metallon Gold to lose property – Nehanda Radio

Zimbabwe's largest gold producer, Metallon Corporation, is set to lose some of its property which will go under the hammer on July 19. The property belongs to the Goldfields of Mazowe and Shamva.

Metallon Gold problems deepen - The Herald | Zimbabwe's ...

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 ...

SC 12-15 - METALLON GOLD ZIMBABWE v GOLDEN MILLION …

SC 12-15 - METALLON GOLD ZIMBABWE v GOLDEN MILLION (PVT) LIMITED. ... US$ 245 467-82 delivered to How Gold Mine; US$ 626-96 delivered to Redwing Gold Mine; and. US$ 36 184-02 delivered to Mazoe Gold Mine. The claim was denied by the appellant. In para 4 of its plea it averred:

Gold miner sues Zimbabwe central bank for not paying in ...

Metallon Corp., which acquired Lonmin Plc's gold mines in Zimbabwe in 2002, wants an additional $5.8 million because the central bank prevented it from externalizing 2% of revenue as a ...

Zimbabwe: Metallon Gold Strengthens Position - allAfrica.com

Oct 09, 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 Mine and Redwing Mine. Metallon ...

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. Vara Mining comprises a team of local entrepreneurs and business executives with extensive knowledge, experience and expertise in mining and related …

Metallon Gold restructures | The Zimbabwe Daily

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 efficiencies and meet growth targets. Metallon runs four mines — How Mine…

Gold miner Metallon demands $132 mln from Zimbabwe central ...

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 ...

ZETDC sues Metallon Gold - Mining Zimbabwe

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, Mutizwa and Partners claiming payment for electricity supplied

Top Ten operating mines in Zimbabwe - Mining Zimbabwe

The gold miner which owns, Shamva, How mine, Mazowe and Redwing Mine is having its fair share of challenges but has managed to thrive in this difficult operating environment. Metallon is owned by South African mining magnate and African National Congress (ANC) stalwart, Mzi Khumalo.

Metallon halts output at three Zimbabwe gold mines over ...

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.

South African Mining Mogul Mzi Khumalo Puts Zimbabwean ...

Apr 13, 2019· In February, the Zimbabwe Electricity Transmission and Distribution Company (ZETDC) took Metallon Corporation to court to compel the gold miner to …

Metallon Gold sells Arcturus Mine | The Insider

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 ounces. Metallon has ceded all of its rights and obligations concerning Arcturus Mine to TN Securities as part of the disposal process.

Metallon demands $132m from Zimbabwe central bank ...

May 21, 2019· 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 ...

Shamva Mine loses vehicles in auction - Zimbabwe Situation

Aug 04, 2018· Some of the group's staff will be placed on short week while it reviews operations, according to the statement. "Due to recent political changes and renewed confidence in Zimbabwe, GFM (Gold Fields of Mazowe) is now in a strong position to invest in its gold mining operations," Metallon said referring to its operation in Mazowe Mine.

Metallon Corporation - Wikipedia

Metallon Corporation is a gold producer, developer and explorer with operations in Zimbabwe and the Democratic Republic of Congo.Metallon is Zimbabwe's largest gold mining company operating four gold mines throughout the country. The chairman of the company is Mzi Khumalo.. Metallon Corporation is the owner of four gold mining companies in Zimbabwe.

Metallon puts Zim gold mines under business rescue ...

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 2002 when Mzi Khumalo acquired Lonmin's Zimbabwean gold assets for $15.5 million. Khumalo, 63, is one of South Africa's most recognizable businessmen and a former anti ...

Gold miner Metallon demands $132 mln from Zimbabwe central ...

JOHANNESBURG, May 16 (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. The central bank denied it was in arrears with the company.

Mine Manager: Metallon Gold Zimbabwe (Pvt) Ltd - Jobs in ...

Jul 24, 2015· 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. Metallon has four gold mining operations, is dewatering Redwing Mine and exploring additional licences in Zimbabwe.

Zimbabwe Miners' Strike Paralyzes Metallon Gold Mine

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 ...