Updated - 29-02-2024

Gold Mining Company Seeking Funds

Bulawayo, Bulawayo, Zimbabwe

Mining

Investment
15 Crs

Category
Mining

Turnover
N.A

Sub Category
Minerals

Legal Entity
Private Limited

Business Listed By
Business Owner

A gold mining company in Zimbabwe is seeking funds for its project covering 250 acres (every two year licence fees renewal system(99 years)), located approximately 4 km northwest of Kadoma town. The three Indian partners initiated work on the project in September 2023, with plans to mine both gold and iron ore. The installation process is estimated to take 9-12 months, utilizing a combination of open-cast and underground mining methods over 300 working days per year. The primary buyer for the extracted gold will be the Government of Zimbabwe. To aid exploration, magnetic data has been transformed into a regular grid using a modified Akima spline technique. The company aims to establish a successful mining operation in the region.

Year of Establishment

2023

No. of Employees

N.A

Current Status of Business

Closed

Business Relocatable

No

Purpose of Joint Venture

Financial ()

Role of New Partner

Active

Property Type

Leased

Rental per Month

N.A

Proposed Deal Structure

N.A

Competition / Market

Yes we have some competition

Products & Services

This project covering 250 acres, located approximately 4 km northwest of Kadoma town. The three Indian partners initiated work on the project in September 2023, with plans to mine both gold and iron ore.

Growth Potential

Growth rate is high

Financial Details

EBITDA N.A

PAT N.A

Debt N.A

Business Documents

Teaser/Information Memorandum

Valuation Report

Financials

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