Vumbachikwe Mine faces corporate rescue

THE Zimbabwe Diamond and Allied Minerals Workers Union (ZDAMWU) has given Vumbachikwe Mine a seven-day ultimatum to pay workers outstanding salaries and recapitalise the business, or face corporate rescue management.

The Gwanda-based Vumbachikwe Mine, which is owned by Duration Gold, shut down around the end of last year after workers went on strike over unpaid wages and poor corporate governance.

Justice Chinhema, the secretary-general of ZDAMWU, wrote a letter to Vumbachikwe Mine administration requesting that they resume operations, pay all outstanding salaries in full and provide a detailed work schedule.

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