ZIMBABWE : Central African Gold Makes its Move - Issue 151 ...

After acquiring the Bibiani gold mine from AngloGold Ashanti., Central African Gold is on the move in Zimbabwe which has been depicted as the "last mining frontier" in Africa. The British firm founded by Phil Edmonds has just acquired two companies owning several gold mines, Falcon Gold Zimbabwe (Fagold) and Olympus Gold Mines, for GBP 3.2 million. ...

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Because of the economic conditions, Falcon Gold Zimbabwe Ltd. (Falgold) and Olympus Gold Mines Ltd., which were subsidiaries of Central African Gold Plc of the United Kingdom, placed the Camperdown, the Dalny, the Golden Quarry, and the Old Nic Mines …

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New Dawn’s Zimbabwe operating subsidiaries include Casmyn Mining Zimbabwe (Private) Ltd, Falcon Gold Zimbabwe Ltd, Olympus Mines Ltd, the Turk/Angelus Mine Complex, the Old Nic Mine…

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New Dawn Mining Corporation (Falcon Gold Zimbabwe Limited), New Dawn Mining is a Canadian owned Gold company in Zimbabwe. It has gold operations namely; Golden Quarry Mine, Dalny Mine, Olympus Gold Mine, Turk and Angelus Mine Duties Duties • Planning and conducting financial and compliance audits.

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 · The Eureka gold project is located on the site of an old under-ground mine 150 km north of Harare. Delta began exploring the property in January 1996 and completed a feasibility study in April 1998. Construction began in August 1998. At full production, the Eureka Gold Mine will be the second largest gold producer in Zimbabwe.

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Spilpunt: Gold in Zimbabwe

 · The company is buying an 85% stake in Falcon Gold, the Zimbabwe-listed gold company, and all of the unlisted Olympus Gold Mines for a $4,5m in cash and an issuance of nine million new shares. The two cash-starved Zimbabwean companies produced 21,031 oz in the year 2006 to end-September.

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ZIMBABWE : Madini Minerals pans for more golden opportunities

Madini also holds shares via Olympus Gold Mines in the Zimbabwean gold mine Old Nic, which recently doubled its output . Madini's production at Old Nic previously only came from tailings at the site. With a new underground operation, the firm has been able to bump up its yield from 5 to 10kg of gold extracted per month.

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