Zimbabwe to Re-Open Shabanie Mashava Asbestos Mine, Herald Says
By Brian Latham -
2011-10-31T06:58:15Z
Zimbabwe Mining Development Corp. will re-open its Shabanie Mashava asbestos mine next month, the Herald reported, citing Chairman Goodwills Masimirembwa.
The mines, which were closed at the height of Zimbabwe’s economic crisis in 2008 with the loss of 3,000 jobs, will be re- opened in phases, the Harare-based newspaper said.
Ownership of the mines is contested by Mutumwa Mawere, a Zimbabwean businessman, the Herald said. Mawere’s mining operation was placed under judicial management in 2004 before control was handed to ZMDC, it said.
To contact the reporter on this story: Brian Latham in Johannesburg at blatham@bloomberg.net
To contact the editor responsible for this story: Antony Sguazzin on at asguazzin@bloomberg.net
Rate this Page
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.