Jul 03, 2020nbsp018332Landela plans a bigger open pit mine at Shamva and is in talks to purchase Metallons three other gold mines, said Brown. A Metallon spokeswoman declined to comment. Until 2017, Metallon
May 27, 2019nbsp018332jumbo mine is believed to have rich gold deposits, which has attracted illegal gold miners from across the country. metallon said in a statement the mine collapse happened on sunday when illegal miners gained access to underground shafts and blasted explosives. tragically nine panners lost their lives.
Jul 04, 2020nbsp018332landela plans a bigger open pit mine at shamva and is in talks to purchase metallons three other gold mines, said brown. a metallon spokeswoman declined to comment. until 2017, metallon was zimbabwes 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.
Aug 21, 2020nbsp018332while shamva may be off the cards, b2gold could still return to zimbabwe by buying some of metallons assets. the south african firm, crippled with debt and on bad terms with the authorities in harare, is keen to shed its redwing gold mine, in the east of the country. when contacted, b2gold did not wish to respond to our questions.
May 28, 2019nbsp018332vara 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 khumalos 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
Sep 01, 2018nbsp018332metallon gold corporation has hit this new low amid revelations that the gold mining group is suffering neglect from khumalo, a situation that is affecting productivity at the gold mining group culminating to multiple job losses at the groups two mashonaland central-based units.
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. the rights include but not limited to, trade and statutory creditors and the mining rights over arcturus mining lease number 33, metallon said yesterday.
Sep 07, 2018nbsp018332a 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 zimbabwes largest gold producer, metallon corporation, will be auctioned by the high court to recover an estimated us30 million owed to
The most recent production data were publicly available for 2016 as of january 16, 2020. 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.
Shamva mine metallon corporation ltd. gold fields of shamva is the parent company of shamva mine an underground mining operation. shamva mine is located in mashonaland-central province, about 90 kilometres northeast of the capital city of harare and some 29 kilometres east of bindura.
Landela plans a bigger open pit mine at shamva and is in talks to purchase metallons three other gold mines, said brown. a metallon spokeswoman declined to comment. until 2017, metallon was zimbabwes 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.
Metallon used to be the countrys largest gold miner, accounting for more that 50 percent of output. the company, founded in 2002 when mzi khumalo, one of most recognisable businessman in south africa acquired lomnins zimbabwean gold mining assets for us16 million.
Apr 08, 2019nbsp018332the curtain has fallen on south african mining entrepreneur, mzi khumalos zimbabwean gold mining exploits after metallon corporation subsidiaries, mazowe mining company and goldfields of shamva filed for judicial protection. corporate rescue proceedings began on april 1. metallon is one of zimbabwes biggest gold producers, but it fell on hard times as zimbabwes
Jul 10, 2020nbsp018332landela is ramping up output at freda rebecca, an operation formerly owned by asa resources, and last month concluded a deal to buy the mothballed shamva gold mine from indebted metallon
Apr 14, 2019nbsp018332gold 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
Jul 10, 2020nbsp018332metallon corp., once zimbabwes biggest gold miner.while the coronavirus pandemic delayed the acquisition of two more metallon mines -- mazoe and redwing --
Landela is ramping up output at freda rebecca and in june concluded a deal to buy the mothballed shamva gold mine from indebted metallon, once zimbabwes biggest gold miner 12 july 2020 -
Metallon owns and operates four gold mining operations and has a world class gold resource of over 8.3moz. how mine, near bulawayo, is the flagship operation and produces over 55 of production.
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 countrys 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 ...
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
Mar 27, 2018nbsp018332metallon corporation reviews post your review of metallon corporation. metallon corporation does not have any reviews yet. why not write one all the reviews on the directory are written by consumers, so any review you read is based on experiences that a customer had who interacted with the company listed within our business directory.
The assets comprise jena gold mines, golden kopje, elvington and sabi. some of the gold mines, chocked by debts have for years, been struggling while efforts to secure investors had been futile. the government is keen to see the mines fully operational in line with its thrust to achieve a us12 billion industry by 2023.
Apr 15, 2019nbsp018332metallon is zimbabwes 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 lonmins zimbabwean gold assets for 15.5 million. khumalo, 63, is one of south africas most recognizable businessmen and a former anti ...
Jul 24, 2015nbsp018332metallon 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.
Shamva gold mine has reopened after landela mining venture acquired and injected fresh capital into the business, previously owned by metallon corporation.
Metallon is focused on low cost, high grade mining operations and increasing gold production over the next few years. metallon corporation is the 100 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.