Shamva gold mine about 90 kilometers 56 miles northeast of the capital Harare is an underground operation that produced 21061 ounces of gold in 2016 according to Metallons website.
Landela eyes metallon gold mines. 202058metallon corporation owns four gold mines in zimbabwe namely mazowe and shamva which are currently under administration the other mines are how and redwing mazowe and shamva mines were placed under the administration after the high court grante.
Metallon Corporation owns four gold mines in Zimbabwe namely Mazowe and Shamva which are currently under administration. The other mines are How and Redwing. Mazowe and Shamva mines were placed under the administration after the High Court granted an application by Associated Mines Workers Union of Zimbabwe for a reconstruction order.
SHAMVA Gold Mine has reopened after Landela Mining Venture acquired and injected fresh capital into the business previously owned by Metallon Corporation.
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.
Apr 18 2019nbsp018332Zimbabwes largest gold producer Metallon Corporation has suspended production at three of its four local mines due to mounting debts.
The High Court has placed troubled gold producer Metallon Zimbabwes Mazowe and Shamva mines under administration after granting an application by Associated Mine Workers Union of Zimbabwe.
Mar 06 2020nbsp018332Metallons Mzi Khumalo Surrounded by debts court action. Canadabased B2Gold considered buying Shamva gold mine but its interest cooled after Government rejected the companys demand that it be exempted from selling its gold to Fidelity Refiners the Reserve Bank of Zimbabwes gold buyer. Shamva was last valued at US167 million in 2012.
Apr 14 2019nbsp018332Gold 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.
Harare A THREEWEEK strike by Shamva Gold Mine workers which had halted operations at the mine one of Metallon Gold Zimbabwes key mines has ended.
Zimbabwe Mines For Sale MineListings. Complete List of Claims Mineral Properties Deposits amp Mining Projects For Sale in Zimbabwe. Lease Option amp Joint. Pearson Gold Mine 183 Gold 183 Zimbabwe. Caledonia Mining boosts resource base of its Zimbabwe gold mine. Jul 28 2016.
WASHINGTON 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.
Metallon suspended operations at three of its mines including Shamva and Mazowe last year due to mounting debts estimated at US200 million. The Associated Mine Workers Union of Zimbabwe applied.
More than 500 Metallon Gold Zimbabwes employees downed tools this Monday demanding their outstanding wages spread over five months. The workers are owed wages from April May and November 2015.
The High Court has placed troubled gold producer Metallon Zimbabwes Mazowe and Shamva mines under administration after granting an application by Associated Mine Workers Union of Zimbabwe AMWUZ for a reconstruction order of the two mines.
Aug 05 2019nbsp018332The low prices offered by Fidelity have seen Zimbabwes gold export receipts dip by 17 from 330m in the first quarter of 2017 to 273.5m in the first quarter of 2018. Some turn to illegal mining Zimbabwe loses up to 180m annually to gold smuggling. Illegal artisanal miners frequently toil in dangerous conditions.
Jul 10 2020nbsp018332Metallon Corp. once Zimbabwes biggest gold miner.
Apr 14 2019nbsp018332Gold 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.
Shamva Gold Mine has reopened after Landela Mining Venture acquired and injected fresh capital into the business previously owned by Metallon Corporation.
JOHANNESBURG Reuters Africafocused gold miner Metallon Corporation is demanding nearly 132 million it says it is owed by Zimbabwes central bank legal documents showed on Thursday as the countrys mining sector grapples with a severe dollar crunch. The central bank denied it was in arrears with the company.
If you are interested in our products, or have any questions for us, you can click the button below
Contact Us