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.Get Price
The appellant, a company with limited liability incorporated in terms of the Companies Act Chapter 2403, is a mining conglomerate in Zimbabwe. It owns, among others, the four mines which are the subject matter of this litigation which commenced with the issue of summons by the respondent as plaintiff in the High Court on 13 December 2013.
Formerly owned by South African business tycoon and exchairman of the company, Mzi Khumalo, Metallon was once Zimbabwes largest gold mining company operating five gold mines throughout the
Metallon Corporation, the gold mining, development and exploration company with producing assets in Zimbabwe, has announced the sale of Arcturus Mine to TN Securities Limited.
A representative for Metallon declined to respond to a request for comment. Metallon 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.
Metallon said the Reserve Bank of Zimbabwe RBZ had since 2016 breached its own policy of paying a portion of value of the purchased gold in U.S. dollars. In a letter from its lawyers to the RBZ and Fidelity Printers and Refiners, the company said those proceeds were instead paid in electronic dollars known locally as RTGS or Zollars.
Metallon Corp. is considering paying miningequipment suppliers in gold because a cash shortage in Zimbabwe is hampering its plan to expand output, Chief Executive Officer Mzi Khumalo said.
Zimbabwes 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 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. Across the Group Metallon has a significant resource base with a JORCcompliant 8.3 million ounce resource, and is targeting an additional 4 6 million ounces through exploration
Zimbabwe39s biggest gold producer, Metallon Gold has sold off its Arcturus mine to Tawanda Nyambirai39s 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.
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 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.
A showdown is looming at Metallon Gold Zimbabwe after employees rejected latest advances by an investor and opt to pursue a business rescue plan. Business Times is reliably informed that Metallon employees who are owed millions in salary arrears were irked by the investors offer of clearing the arrears at 18.
Zimbabwes biggest gold producer Metallon Gold Corporations problems have deepened amid revelations the group has gone for months without paying creditors and employees of some of its mines.
Metallon Corporation. 1,855 likes 6 talking about this. Metallon Corporation is a leading gold producer, developer and explorer in southern Africa.
Tinashe Makichi HARARE Metallon Gold Corporation has reportedly fired chief executive Kenneth Mekani with immediate effect. Mekani was appointed as the companys chief executive in 2015 and has been working closely with Mzi Khumalo, former chief executive officer and deputy chairman. Metallon head of communications Klara Kaczmarek confirmed to Business Times that Mekani was leaving the
Metallon Corporation is a gold producer, developer and explorer with operations in Zimbabwe and the Democratic Republic of is Zimbabwes largest gold mining company operating four gold mines throughout the country. The chairman of the company is Mzi Khumalo.. Metallon Corporation is the 100 owner of four gold mining companies in Zimbabwe.
MINING firm, How Mine Metallon Gold Zimbabwe, situated on the outskirts of Bulawayo has been dragged to court by Neeraf Investments Pvt over a 13 800 debt.
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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.
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