Categories: Stories

Canadian mining firm behind exploration at Oppenheimer’s Zimbabwe farm

Duration Gold, the mining company at the centre of exploration at the billionaire Oppenheimer family’s 65 000-hectare ranch in Zimbabwe, says it’s carrying out “game-changing” work in line with President Emmerson Mnangagwa’s aim to build a R192-billion mining industry by 2030.

The Oppenheimers got wind of the operation after workers at Shangani Ranch – which has 8 000 cattle, an unknown number of elephants and wildlife – spotted a plane flying over the ranch on 2 June and recorded the tail registration of the aircraft.

The plane was tracked to South African company Pearline Mineral Exploration, which then revealed that it had been hired by Duration Gold for mineral exploration.

On 6 June, Max Makuvise from Shangani Ranch met with Duration Gold officials, who told him what they were up to.

In an email communication, Duration Gold demanded a map of the property to make their exploration work easier.

“Would you kindly furnish us with a map showing the limits of Shangani Ranch and, if possible, the other neighbouring conservancies. It will help us to be able to plot the conservancies to guide us when we do ground exploration,” read the email.

Shangani Ranch then sought a court order to block exploration, which was granted while Pearline Mineral Exploration, at the behest of Duration Gold, sought paper work, such as the environmental impact assessment report.

In a statement, Duration Gold said it “launched an exciting, large-scale, exploration programme. Roping in world leader Xcalibur Airborne Geophysical Surveys from South Africa, the programme will culminate in the nation having a better appreciation of its mineral potential”.

Continued next page

(175 VIEWS)

Don't be shellfish... Please SHARE
Google
Twitter
Facebook
Linkedin
Email
Print

Page: 1 2

Charles Rukuni

The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.

Recent Posts

Are Zimbabweans giving social media more credit than it deserves?

The role of social media on how people get their news in Zimbabwe is being…

May 3, 2024

Top 20 countries in debt to China- Zimbabwe is not one of them

Ten African countries are amongst the biggest debtors to China, but Zimbabwe is not among…

May 1, 2024

Is Zimbabwe now on the right track?

The Reserve Bank of Zimbabwe’s Monetary Policy Committee, which met on Friday last week, says…

April 30, 2024

Watch: RBZ governor warns those selling ZiG at 20:1 could be buying it at 10:1 in June

Zimbabwe’s new currency further weakened to 13.4407 to the United States dollar today down from…

April 29, 2024

US loses its place as most influential power in Africa to China

The United States lost its place as the most influential global power in Africa last…

April 27, 2024

Zimbabwe central bank chief says street forex dealers cannot destabilise the ZiG

The Reserve Bank of Zimbabwe governor John Mushayavanhu says street money changers who cash in…

April 26, 2024