Overview
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.
Leased Mining Minerals
Business Details
2023
Year of Establishment
N.A
No. of Employees
Closed
Current Status of Business
NoBusiness Relocatable
Financial
Purpose of Joint Venture
Active
Role of New Partner
LeasedProperty Type
N.A Rental per Month
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
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