Collins Mnangagwa Partners With Chinese Investor on Mining Project

Emmerson Mnangagwa’s son Collins has partnered with Chinese Investors to pursue a gold mining project in Mutoko.

Radnor Mine, which sits on some of the country’s best goldfields in the Makaha area, is owned by ZimCN Investments, a joint venture between Collins and Chinese investors.

Collins, who spoke to NewsDay Business after commissioning hi-tech milling and leaching plants at the firm last week, said they were determined to transform Radnor into one of the biggest gold mining assets in Zimbabwe, which will give impetus to the country’s ambition to build a US$12 billion mining industry by 2023.

The new plants are expected to produce more than double the present output at Radnor Mine.

ZimCN Investments co-founder Chi Yingdan also told NewsDay Business that Radnor Mine will increase tonnage following the commissioning of the new plants.
“Basically, our approach to the asset that we have is going to use a three-pronged process of gold trapping,” he said.