By Staff Reporter
Landela Mining Venture is eyeing Zimbabwe Mining Development Corporation (ZMDC) Silobela based Jena Mines in Midlands Province this publication reports.
Landela is believed to be majority owned by President Emmerson Mnangagwa’s advisor Kudakwashe Tagwirei.
Landela Mining Venture CEO David Brown said in an interview his corporation was currently working Jena Mines to assess the potential of the mine.
They have been reports that Landela is in the process of acquiring ZMDC four mines.
“The said mines are part of the ZMDC stable and were under judicial management. In is far as I am aware this process is yet finalised,” he said.
Brown however, said they are currently assessing the potential of Jena Mine.
“However, we are working with Jena, to assess the potential of the mine. It has very good grades but is a small mine. We hope that by evaluating the resource and subject to the capital needs we will look to expand,” Brown said.
He explained further, “Ultimate size and cost will only be known once we have got the resource data. the other mines you mentioned are on Care and Maunteance and still subject to final Judicial Management (JM) process. Again too early to assess the potential yet.”
Apart from Jena Mine, ZMDC also Elvington and Sabi Gold Mines.
Of the 3 only Jena Mine is fully operational albeit at a loss, while, Sabi and Elvington are under judiciary management and care and maintenance respectively.
Workers at Jena Mines told this publication that starting from last month in June there were reporting to Landela Mining Ventures Management.
“Since May we are now under Landela and we started reporting to the company on 1 June,” a worker at the mine told this publication.
ZMDC General Manager Garikai Chimhina had not responded to questions pertaining to the developments.
Landela has since taken over Metallion Gold, Shamva Gold Mine.
Mazowe and Shamva mines were placed under the administration after the High Court granted an application by Associated Mines Workers’ Union of Zimbabwe for a reconstruction order. Reggie Saruchera of Grant Thornton was appointed the interim corporate rescue administrator of the two mines while Dr Cecil Madondo of Tudor Consultancy was also appointed the assistant administrator.
Of late, Landela has been buying mining various assets in platinum, nickel and chrome sectors.
[10/07 1:54 pm] Widzo Obz: Government talks for Ziscosteel revival brings hope to ex employees
By Staff Reporter
Talks by government that it is working on a plan to rescusitate Ziscosteel, over a decade after the giant steelmaker ceased operations has brought hope to suffering ex Ziscosteel employees.
Government has since set up an inter-ministerial taskforce to spearhead the revival of the comatose parastatal.
The taskforce is chaired by Industry and Commerce Minister Sekai Nzenza and includes Finance Minister Mthuli Ncube, Energy Minister Fortune Chasi and Mines Minister Winston Chitando.
A mainstay of Kwekwe and the country at large, the closure of Ziscosteel left Redcliff a ghost town-with the local authority Redcliff Municipality struggling to collect revenue from impoverished residents.
Former Ziscosteel workers representive Benidict Moyo said the recent development has brought hope to the ex workers who are struggling to make ends meet-following the company closure.
“This is an indication that the Government has found a Plan to resuscitate Zisco or have an Investor in their wings.It’s good for the national economy resuscitation. It’s very good for employment,” Moyo said in an interview.
He further said the development brings hope to suffering ex workers.
“This is a very welcome development as it brings hope to the ex workers that they will be reemployed and live descent lives,” he said.
Government has since employed a new Chief Executive Officer Farai Karonga after long serving CEO Alois Gowo resigned late last year.
A new board has since been put in place-though board chairperson Gift Mugano recently resigned from his post in a huff.
Government took over Zisco debts under the Debt Assumption Act in 2017 after retrenching all employees in 2016.
Majority owned by the State, the company effectively stopped production at its Redcliff main plant in 2008 after being crippled by corruption and looting.
Government then only started to settle workers’ salary arrears following a court order after lawyers representing workers moved in to attach the company’s properties.
The Sheriff of the High Court had moved in to attach the company’s vehicles, machinery and other movable properties.
Last year a potential suitor R&F left in a huff after expressing interest to rescusitate the company-with government changing goal posts the last minute.