Chief Misheck Mutasa of Penhalonga has applauded good mining practices by DTZ-OZGEO, a gold mining company along Mutare river valley for its provision of jobs and rehabilitation of land where it operates. Mining companies have often been accused of...
Caledonia Mining, which owns Blanket Mine near Gwanda, on Friday said Youth Development, Indigenisation and Empowerment minister Saviour Kasukuwere acted outside his ambit in asking the ministry of mines to cancel the company’s operating licence. The company noted that the mine was operating normally.
The move follows reports that Kasukuwere had rejected various foreign-owned companies plans for “indigenising” their operations in the country, or transferring at least 51% ownership to locals. The news knocked 17% of Caledonia’s share price on the TSX, which fell to C$0,075 by close of trade on Friday.
