Zimbabwe has announced its intention to become a member of the Extractive Industries Transparency Initiative a global standard for the good governance of oil, gas and mineral resources. This we believe is a powerful statement to the world that Zimbabwe is open for open business, she said. Post published in: Business
The Dalny mine located in the Kadoma region 175km southeast of Harare, the capital of Zimbabwe and produced 4,711 ounce in the first half of the year. New Dawn produced some $19,000 ounces from ...
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Outside Zimbabwe, New Dawn also owns a 74% stake in the Blue Dot property in South Africa. A production decision is anticipated in mid 2009. Underground and surface infrastructure for mining and processing is in place and stope development is under way. Blue Dot has a production facility rated at 180 tonnes per day or 5,500 tonnes per month.
New Dawn owns and operates the Turk and Angelus Mines in the upper southwest area of Zimbabwe that has the potential to produce an estimated 35,000 to 50,000 ounces of gold per annum.
Lower gold prices, operational problems and a two year delay in approving its indigenization plan has resulted in a serious liquidity problem and the closure of its majority owned Dalny mine in Zimbabwe, New Dawn Mining ...
Zimbabwe, a landlocked country in southern Africa, shares borders with South Africa to the south, Botswana to the southwest, Zambia to the northwest and Mozambique to the east. New Dawns shares fell 13.85% on the day the news was announced Aug. 30 and a further 16.07% the following day.
New Dawn added that the equity interests in the companys Zimbabwe operating subsidiaries that would be transferred to the community and employee groups were expected to provide a direct and ...
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