Published: 11 November 2013

Meikles Limited will start mining operations next month after completing negotiations with the Government, a company official has said

Meikles limited went into a mining joint venture with a Mauritius based company Afghan Africa mining company where according to the ownership structures Meikles own 51 percent and Afghan mining with 49 percent.

Meikles Limited executive director Mr Mark Wood said its new foreign-based mining partner is ready to invest up to US$500 million as the group spreads its tentacles into mining.

He said the two companies have completed all the regulatory requirements, with all the projects scheduled to start early next month.

"The two companies are going to carryout prospective activities in Zimbabwe and we would be looking at Bramsfields mines- mining companies that are on the verge of closing down or the ones that are experiencing production deficits.

"We have since concluded our negotiations with Zimbabwe Investment authority (ZIA) as well as the Competition and Tariffs commission (CTC)," he said.

"The joint venture company would be called Meikles Canter mining limited and we are going to be mining gold, lithium, chrome and tungsten," he said.

Mr Wood added that the companies are close on sealing a mining deal with one of the local mining companies as they hope to develop the local mining industry.
- herald

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