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…
Production at the two suspended mines could resume within 18 to 24 months of Namib Minerals securing financing for their relaunch, said Tall, who added that the company was exploring various options of raising the required capital.
