CAG reopens two mothballed Zimbabwe gold mines

Aim-listed Central African Gold (CAG) has resumed operations at two of its mines in Zimbabwe, which had previously been on care and maintenance. The company reported on Friday that operations at the Old Nic and Dalny mines had resumed early in...

Zim gold-mining firm faces closure

London Stock Exchange-listed Central Africa Gold (CAG) says a combination of factors, including the global economic downturn and the continuing failure by the Reserve Bank of Zimbabwe (RBZ) to honour payments for gold deliveries to its vaults...

Central African Gold will halt all operations in Zimbabwe

Aim-listed Central African Gold will cease all operations in Zimbabwe, the company announced on Thursday. The closures were “due to the adverse political and economic climate”, the firm said.

Reserve Bank nonpayment stunts gold mine expansion, exploration

Mining company Falcon Gold Zimbabwe says the nonpayment of outstanding foreign currency earnings amounting to US$509 590 by theReserve Bank of Zimbabwe (RBZ) has forced it to limit expansion and exploration programmes, as its resources have been...

Gold miner moves on Zimbabwe, points to its gold-production

LONDON Stock Exchange-listed gold-mining concern Central African Gold (CAG) is set to acquire an 84,7% stake in Falcon Gold Zimbabwe (Falgold) and the entire issued share capital of Olympus Gold Mines, in a $6,2-million transaction.

Zim’s gold support raises output

Zimbabwe's Reserve Bank has reported that a support programme for gold producers introduced earlier this year had helped boost production in a sector where high costs had threatened several mines with collapse.