adminZimbabwe Stock Exchange-listed Meikles Limited announced last year that it had expanded its operations into mining forming a new subsidiary, Meikles Resources that would focus on the development of mining and resource opportunities in Zimbabwe.
The group’s traditional interests are in retail, agriculture, and hospitality sectors.
“Their application is still being processed and once it has been finalised we will make the announcement through the office of the Permanent Secretary or publish in the Government Gazette,” said the director of Geological Survey, Mr Temba Hawadi.
He would not be drawn into revealing the sector Meikles Resources had shown interest in.
“We receive a lot of special grants applications.
“For example, a miner may show interest in venturing into extracting coal-bed methane and has to go through the vetting process where we look at various issues like the investor’s work plan and capital. As such we cannot comment on the investor’s application until its processing has been finalised,” he said.
Meikles said it had commenced exploratory mining operations and would start full mining operations as soon as the full extent of the resource had been established.
The subsidiary will seek to combine local and international skills and financial resources within the framework of its indigenous status.
Bongani Ndlovu
Online Reporter