Metallon halts Mazowe mine operations

Metallon halts Mazowe mine operations
Published: 09 February 2018
Metallon Gold Corporation has suspended mining operations at its Mazowe Gold Mine due to serious operational challenges.

Information is that the gold mining group has been facing challenges that include non-payment of salaries and externalization of mining proceeds which deprived the mine of working capital.

The gold mining group is currently facing allegations of externalising over $30 million through dividends paid to shareholders without profits to back them and fictitious external loan payments.

Well-placed sources told the Business Weekly that employees at Mazowe Mine have since gone on strike, protesting unpaid salaries and halting of operations.

The company confirmed halting operations.
- Businessweekly
Tags: Metallon,


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