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Sep 07, 2018· PROPERTY belonging to Zimbabwe''s largest gold producer, Metallon Corporation, will be auctioned by the High Court to recover an estimated US30 million owed to various creditors and workers, as the miner mulls disposing some of its underperforming mines to offset the huge debt overhang, the Zimbabwe Independent can reveal. Tinashe Kairiza
Nov 07, 2018· Metallon Gold, which at its peak contributed over 35% of the country''s gold output per year, has of late been struggling to stay afloat and pay off its creditors, leading to the attachment of the company''s property. The mining company recently retrenched the bulk of its workforce as part of costcutting measures.
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.
Sep 18, 2018· Metallon Corp. is considering paying miningequipment suppliers in gold because a cash shortage in Zimbabwe is hampering its plan to expand output, .
He said a major worry "is the negative external perception of doing business" in mined 90000 ounces of gold in Zimbabwe last year and is projecting a rise in output to 150000 ...
May 17, 2019· JOHANNESBURG – Africafocused 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.
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 backdated pay, as a condition to returning to work. The strike was triggered by the wives of the workers, who ...
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 [.]
Zimbabwe''s Mazowe gold mine to retrench hundreds of employees. ... Mazowe Mine is part of the Metallon Corporation group, which includes How Mine, Mazowe Mine, Shamva, and Redwing Mine. ... Unconfirmed reports also claimed that 200 workers at Shamva Gold Mine had also been served with notices to terminate employment.
In September last year, Metallon Gold Zimbabwe allocated 288 gold claims at its Redwing Mine to smallscale miners in a bid to increase gold production. Some of the mines that youths think they ...
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. About 900 workers .
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.
May 23, 2019· Shamva gold mine, about 90 kilometers (56 miles) northeast of the capital Harare, is an underground operation that produced 21,061 ounces of gold in 2016, according to Metallon''s website.
Jun 27, 2017· Source: Mazowe Mine''s 18m Processing Plant complete | The Herald June 27, 2017 Business Reporter Zimbabwe''s biggest gold producer, Metallon Corporation has completed the construction of the Mazowe Mine Processing Plant at a cost 18 million as it aims to increase monthly ore production by 65 000 tonnes. The plant is expected to be commissioned next month.
Mazowe Mine is part of the Metallon Corporation group which includes How Mine, Mazowe Mine, Shamva and Redwing Mine. ... Unconfirmed reports also claimed that 200 workers at Shamva Gold Mine .
Jun 16, 2017· Metallon Corporation, which employs nearly 4 000 workers, said the arrears had accrued when some of the group''s mines suspended operations at the height of the country''s unprecedented economic crisis. "During the period from 2008 to 2009, all Metallon mines suspended operations and were placed under
May 24, 2019· Midtier Canadian miner B2Gold (TSX:BTO)(NYSE: BTG) on Friday dismissed reports indicating it was mulling the acquisition of an idled gold mine in Zimbabwe, emphasizing it .
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 .
Nov 15, 2018· HARARE Metallon Gold Zimbabwe is set to lose a car and office furniture over a debt owed to the Zimbabwe Electricity Transmission and Distribution Company (ZETDC).. Miracle Auctioneers gave a notice mentioning that the property will be sold tomorrow at their premises in Shamva. In a statement, the auctioneers said the properties that are going to be sold include a Nissan .
Jul 17, 2014· Speaking at the same meeting in Shamva, Zenzo Nsimbi, Metallon Gold Mine corporate affairs executive, said they were in the process of negotiating with government to delay the implementation of the Indigenisation and Economic Empowerment Act on the mine. Metallon is owned by South Africa businessman Mzi Khumalo and employs 900 workers.
Jan 23, 2015· ZIMBABWE''S largest gold mining group, Metallon Gold Zimbabwe (Ptv) Ltd, says it will begin the 10 million dewatering of Redwing Mine in Penhalonga in July in .
Welcome to Metallon Producer, developer and explorer in southern Africa. Metallon Corporation is a leading low cost gold mining company with four underground gold mines in Zimbabwe and exploration properties in Zimbabwe, Tanzania and DRC. Discover more about our Operations. Targeting increased gold .
Redwing Mine is owned and operated by King''s Daughter Mining Company Limited. Redwing Mine resumed production in 2015 following dewatering. Redwing Mine is located in Manicaland province in the east of Zimbabwe, about 20 kilometres northeast of the city .
JOHANNESBURG (Reuters) Africafocused 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.
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