Metallon added that, pending regulatory approvals, the acquisition is expected to close by the end of 2024.
Furthermore, as a result of this agreement, Redwing and Mazoe Mines could resume operations and boost output at How Mine.
Additionally, it offers the nation economic opportunities and increases the mining sector’s appeal to foreign markets. “The transaction strongly positions the two mines, Redwing and Mazowe, to resume operations, while scaling up production at How Mine.
The transaction further demonstrates the attractiveness of Zimbabwe’s mining sector to international capital markets, thereby offering more economic opportunities for the country,” Metallon said. 🔗 Read Full Article
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