Metallon Corp. Mining News

B2Gold not buying Zimbabwe project, not interested in M&A

The Canadian miner said its long-term growth strategy focus on developing its existing pipeline of projects, while seeking global exploration opportunities.

B2Gold said to be in talks to buy Zimbabwe gold project

If the transaction with owner Metallon Corp. is concluded, B2Gold will invest $150 million to $200 million developing the Shamva gold mine.

Gold miner sues Zimbabwe central bank for not paying in dollars

Zimbabwe’s biggest gold producer sued the country’s central bank for $132m because it has been paying for the metal in a local quasi-currency rather than US dollars.

Metallon halts output at three Zimbabwe gold mines over debts

A South African newspaper reported that the owner of the company is considering selling the operations.

Metallon may pay suppliers in gold amid Zimbabwe cash shortage

Metallon Corp. is considering paying mining-equipment suppliers in gold because a cash shortage in Zimbabwe is hampering its plan to expand output.