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Zimbabwe’s Metallon Considering Expansion

Zimbabwe’s Metallon Considering Expansion

Zimbabwe’s largest gold mining group , Metallon , is considering if it should expand into a pan African bullion company which will trade in London.

It’s founder , Mzi Khumalo said “It’s going to depend on how many assets we can assemble so that when we list, we go onto the main board in London,”.
He continued “We have assets in the Democratic Republic (of Congo) that we intend to develop. We are in the final throes of securing assets in Tanzania. In March next year, we will have a definitive answer.” Mr. Khumalo has considered similar action before , in 2007 he delayed an IPO planned for the following year because of a lack of equipment and foreign exchange and power cuts in the southern African nation that reduced output.

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