STEVEN MADZIMURE
The Mnangagwa family, involved in business in various sectors of the economy, particularly since his ascendancy through a military coup in 2017, later legitimised via a disputed 2018 election, clashed with Mohadi over a dry port project in Beitbridge and a gold mine in Penhalonga where politicians and their cronies have invaded the area, turning it into a vast artisanal mining field.
Mohadi was also unhappy that he had been left out of the US$300 million border renovation and modernisation project by Zimborders Consortium, fronted by its chairman Glynn Cohen, linked to the Mnangagwa family, the sources added.
Sources said the Mnangagwa family first clashed with Mohadi over his dry port project in Beitbridge in 2019. A dry port is an inland terminal directly connected to the seaport by high capacity transport such
A South African based mining firm with an unimpressive track record has perfected plans to take over an oil company operating in Nigeria. Stakeholders believe that it will replicate its poor performance in Nigeria if left unchallenged.
Four weeks ago, Metallon Corporation Limited, a South African company with an unimpressive track record, started a process that could significantly alter the management and allegiance of LEKOIL Nigeria Limited, a 10-year-old Nigerian company.
On 15, November 2020, Lekoil received a notice from Strand Hanson of its resignation as nominated adviser, with effect from close of business 20, November 2020. On the same date that Strand Hanson’s resignation took effect, Lekoil received a letter from Metallon requesting an extraordinary general meeting.
Photographer: Waldo Swiegers/Bloomberg
ZIMBABWE has a large number of large-scale mines that have shut down, a development which has become a major stumbling block as the country seeks to build a US$12 billion mining sector and position it at the centre of an ambitious economic revival blueprint, a new report has revealed.
DUMISANI NYONI
In its latest report titled State of Closed Large- and Small-Scale Mines and their Relationship with Artisanal Mining, the Zimbabwe Environmental Law Association (Zela) said the mines closed due to government interference, mismanagement, poor economic and political environment.
The report, conducted between August and November 2020, says some of the closed mines are Nan Jiang Africa, Mashava Mines, Athens Mine, Ran Mine, Alaska Mine, Mazowe Mine, Madziva Mine, Giant Mine, Shabanie Mine.