Metallon Gold Mines

Home | Metallon Corporation Ltd

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.

How Mine | Metallon Corporation Ltd

Gold is found in contact with the sulphides, often in fractures, although there is also some free gold. Some silver occurs with the gold, increasing from 4% to 8% of gold as mining progresses down-dip. Mining and processing. How Mine has been in operation since 1942 and has produced over 1.1 million ounces of gold to date.

Metallon Halts Output at Three Zimbabwe Gold Mines Over ...

14/4/2019· Gold producer Metallon Corp. halted output at three of its four mines in Zimbabwe because of mounting debts, as a South African newspaper reported …

Metallon Gold problems deepen | The Herald

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.

JUST IN: Gold miner Metallon put under rescue plan | The ...

Formerly owned by South African business tycoon and ex-chairman of the company, Mzi Khumalo, Metallon was once Zimbabwe’s largest gold mining company operating five gold mines throughout the ...

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

Breaking: Metallon closes Mazowe Mines - Business Times

Metallon 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 group’s two Mashonaland Central-based units.

South African Mining Mogul Mzi Khumalo Puts Zimbabwean ...

13/4/2019· 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 its subsidiaries ...

Metallon suspends operations in three mines – Nehanda Radio

Zimbabwe’s largest gold producer, Metallon Corporation, has suspended production at three of its four local mines due to mounting debts. Mzi Godfrey Khumalo aka Mr Mzilikazi Khumalo is a South ...

Metallon Corporation | LinkedIn

Metallon is also focusing on the advancement of high-priority exploration projects and pursuing a focused acquisition strategy throughout Africa. Metallon has an experienced and highly regarded management team with significant experience in developing and operating gold mines in Southern Africa. The Company was founded by its Chairman, Mzi Khumalo.

Metallon May Pay Suppliers in Gold Amid Zimbabwe Cash ...

18/9/2018· Metallon Corp. is considering paying mining-equipment suppliers in gold because a cash shortage in Zimbabwe is hampering its plan to expand output, Chief Executive Officer Mzi Khumalo said.

Metallon Corporation | LinkedIn

Metallon Corporation Limited (“Metallon”) is a leading gold producer, developer and explorer in southern Africa. Metallon Corporation Limited is the leading gold mining company in Zimbabwe ...

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

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 …

Mzi acts to save Mazoe and Shamva - Mining Zimbabwe

A representative for Metallon declined to respond to a request for comment. 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.

Metallon Corporation - Home | Facebook

Metallon Corporation regrets to advise of an accident at Bulawayo Mining Company’s How Mine that occurred on Thursday, 20th June. A rockfall during shaft examination on the North Shaft resulted in the death of an employee and the injury of four workers.

Metallon | Crunchbase

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.

Zimbabwe Miners' Strike Paralyzes Metallon Gold Mine

Apart from Arcturus mines, Metallon Gold Zimbabwe also owns How Mine, its flagship low-cost mining operation in Matabeleland South, Shamva Mine, an underground mining plant in Mashonaland province, Mazowe Mine, a high-grade, underground gold mining operation in Mashonaland Central, and Redwing Mine in Manicaland province.

Metallon Gold sells Arcturus Mine | The Chronicle

“Metallon has four operating mines and over eight million ounces of gold resources. The sale of Arcturus Mine is in line with Metallon’s strategy to prioritise our investments, focus resources ...

Major Mines & Projects | Shamva Mine

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. Where payments were received, they would only amounted to a third of the total owed. Between 2016 and 2019, Metallon lost US$ ... Gold is found in ...

Breaking News… Metallon Gold sacks CEO - Business Times

Tinashe Makichi HARARE – Metallon Gold Corporation has reportedly fired chief executive Kenneth Mekani with immediate effect. Mekani was appointed as the company’s 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 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 Gold restructures - NewsDay Zimbabwe

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 ...

Metallon’s debt-laden Shamva, Mazowe mines put into ...

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 country’s biggest gold producer.

Metallon moves to protect Zimbabwe gold mines from ...

Metallon’s companies owe tens of millions of dollars to some of its service providers. In February, the Zimbabwe Electricity Transmission and Distribution Company (ZETDC) took Metallon Corporation to court to compel the gold miner to settle a $9.3 million bill for power supplied to three of its mines.

Metallon puts Zim gold mines under business rescue ...

A representative for Metallon declined to respond to a request for comment. 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.

Growth projects to take Metallon Corporation to new heights

As a means to support Metallon’s underground mining operations, the company is focused on unlocking surface mining potential which is a more cost effective mining method and a viable means to support the underground operations – which are some of the oldest mines in Zimbabwe, having produced gold as early as 1890. How mine is Metallon’s ...

Metallon Gold to revive Motapa Mine | The Chronicle

Metallon had previously exploited three main mineral-rich zones at the mine. Total gold production for the mine until 1990 was approximately 300,000 ounces from 2,4 million tonnes of ore – an ...

Nine killed in uncontrolled dynamite blast at Metallon’s ...

Nine killed in uncontrolled dynamite blast at Metallon’s Mazowe mine. Jumbo Mine is believed to have rich gold deposits, which has attracted illegal gold miners from across the country

Mzi Khumalo’s Metallon on comeback trail | Fin24

Gold miners are battling suppressed metal prices, with Mwana Africa – which owns the Freda Rebecca gold mine – saying on Wednesday that its profit position has declined owing to persistently lower gold and nickel prices. Metallon is however hoping to ride on increased productivity and banks on its low-cost operating mines in Zimbabwe.

Metallon halts output at three Zim gold mines over debts ...

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.

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