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Asa Resources has been slapped with a $20 million lawsuit by a group of local investors, Zindico Consortium, for refusing to acknowledge a share purchase agreement signed in 2013 with the mining group, then known as Mwana Africa Plc. The signed agreement gave Zindico Consortium the right to acquire 26 percent of Freda Rebecca, the […]
Freda Rebecca gold mine milled a record 1.06 million tonnes in the full-year to March as Mwana Africa returned to the black with a net profit of $50.6 million after a suffering a loss of $43,5 million in the prior year despite a drop in gold production.
HARARE – Fears that Zimbabwe’s government will strip foreign mines of half their assets without compensation are unfounded, according to Kalaa Mpinga, chief executive of Mwana (MWA.L), which has gold and nickel operations there.