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Zimbabwe: Antitrust authorities approve RioZim takeover of Falcon Gold’s Dalny mine

By  |  April 11, 2017

Zimbabwe’s Competition and Tariffs Commission has approved the acquisition of Falcon Gold’s Dalny Mine by RioZim.

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    The agreement was first announced in October 2016 and involves the purchase of Falgold subsidiary, Palatial Gold Investments which owns the Dalny Mine Complex, by RioGold, a unit of RioZim.

    The complex includes the mine, a gold processing plant, several gold claims as well as equipment and a mining compound.

    RioZim says the deal will double its asset value and increase gold output by 100 kilograms per month after 1 year.

    Full Content: The Zimbabwe Mail

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