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NewsDay

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Metallon to revive Redwing mine

Business
Metallon Corp plans to reopen its Redwing gold operation in Zimbabwe and develop it into the company’s top-producing mine as it lowers costs.

HARARE — Metallon Corp plans to reopen its Redwing gold operation in Zimbabwe and develop it into the company’s top-producing mine as it lowers costs.

Bloomberg

The company has rehabilitated the mine, including spending $1 million to drain its pits of water that accumulated after it shut down production seven years ago during the height of hyperinflation and the economic meltdown. Redwing, located about 270 kilometres east of the capital, Harare, will resume operating on October 1.

Within three years, Redwing will reclaim the position as the top producer among Metallon’s five mines in the country, said Newton Murimirwa, its manager.

After restarting output from areas of the deposit that had already been developed, new shafts might open in about five years, he said at his office Monday.