Zimbabwe: Namib Minerals to Invest $400m in Zimbabwe Gold Mines

Zimbabwe: Namib Minerals to Invest $400m in Zimbabwe Gold Mines

Namib Minerals plans to invest as much as $400 million in reviving two gold mining ventures in Zimbabwe over the next five years.

Namib Minerals to Invest $400 Million in Zimbabwe Gold Mines

Namib Minerals Ltd. plans to invest as much as $400 million in reviving two gold mining ventures in Zimbabwe over the next five years.

Namib Minerals plans to spend $300m to restart Zimbabwe mines

Namib Minerals owns three gold mines in Zimbabwe, including the How mine, which is currently in operation. Tall said the funds would restart the group’s Mazowe and Redwing mines, where production was halted in 2018 and 2019 respectively due to adverse economic conditions. Namib Minerals, which debuted on the Nasdaq in June, was created through the merger of assets previously owned by Metallon Corporation and US firm Red Rock Acquisition Corporat…

Kuvimba revises Darwendale platinum project approach

KUVIMBA Mining House has redesigned its Darwendale platinum development as an open-pit operation rather than the originally planned underground mine, said Trevor Barnard in an interview with Reuters. The strategic shift aims to accelerate the long-delayed project amid strengthening platinum prices, he said. Initially unveiled in September 2014 by former President Robert Mugabe and Russian Foreign Minister Sergey Lavrov, the venture was conceived…

Namib Minerals to invest $300m to restart two gold mines in Zimbabwe

Namib Minerals has announced plans to invest $300m for restarting operations at two of its gold mines in Zimbabwe.The post Namib Minerals to invest $300m to restart two gold mines in Zimbabwe appeared first on Mining Technology.

Namib Minerals plans to spend US$300 million to restart Zimbabwe mines

Namib Minerals plans to spend US$300 million to restart operations at two of its mothballed gold mines in Zimbabwe and lift production, its chief executive Ibrahima Tall said on Tuesday. Namib Minerals owns three gold mines in Zimbabwe, including the How mine, which is currently in operation. Namib Minerals, which debuted on the Nasdaq in …