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

 |  April 11, 2017

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

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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