Metallon Corporation Explained

Metallon Corporation is a gold producer, developer and explorer with operations in Zimbabwe. Metallon is Zimbabwe's largest gold mining company^[1] operating three gold mines throughout the country. The chairman of the company is Mzi Khumalo.^[2]

Metallon Corporation is the 100% owner of three gold mining companies in Zimbabwe. In 2015, gold production was 97,000 ounces and the target is 100,000 ounces. Across the Group Metallon has a significant resource base with a JORC-compliant 5.2 million ounce resource (Golder 2018).^[3]

Metallon Corporation is looking to increase its production to 500,000 ounces.^[4]

In 2019, nine illegal miners were killed in Metallon Corporation's Mazowe underground mine, 10 km north of Harare.^[5]

Notes and References

1. Metallon to spend $31 million in 2016
2. Web site: Metallon to spend $31 million in 2016 - The Herald.
3. Web site: About Metallon - Metallon Corporation Ltd.
4. Web site: Biggest Zimbabwe Gold Miner to Rule on London Trade by March. Godfrey. Marawanyika.
5. Web site: At least nine illegal Zimbabwean miners die after mine collapse. EWN/Reuters.