[Here we go… here we go… The Co-operation between the ANC and Zimbabwe. I mentioned some time back how many “husband and wife teams” exist in the ANC. Now look here, the Transport Minister’s WIFE buys a Gold mine in Zimbabwe. I wonder if this trick is not to hide the fact that the Transport Minister himself would be buying it… It looks only slightly less suspicious if his wife does it.

The incest… the deals… here we go…

I like this. Mugabe has been selling off bits of Zimbabwe to Muamar Gaddaffi for years. Now the ANC is starting to purchase Zimbabwe real estate. So now there is an even greater desire to keep Mugabe and Zanu(PF) in power!

Democracy will never come to Zimbabwe now that the ANC has a financial interest in keeping Mugabe in power!! Jan]

Johannesburg – Mmakau Mining, headed by Transport Minister Jeff Radebe’s wife Bridgette, has bought a gold mine in Zimbabwe, the company announced on Monday.

Mmakau Mining would hold a 75% equity interest in Eureka Gold Mine, in Zimbabwe, acquired for US$4.5m.

The 25% balance, at a cost of US$1.5m, would be held by Shaft Sinkers, Mmakau’s consortium partner in the deal with Placer Dome South Africa.

The agreement provided for Mmakau Mining and Shaft Sinkers to include a Zimbabwean black economic empowerment entity.

Radebe, executive chairperson of Mmakau Mining said: “We are confident that our consortium will provide the necessary expertise, support and infrastructure to successfully operate the mine.

“Our nine years of experience in Zimbabwe and our continued commitment to indigenous equity and rural renewal programmes in that country also stands us in good stead.”

Voicing the company’s excitement at the purchase and the “opportunity to add a gold asset to our portfolio”, Radebe said it enabled the firm to expand beyond the borders of South Africa into the New Partnership for Africa’s Development (NEPAD).

Situated 150km north of Harare, Eureka Gold Mine was acquired by Placer Dome through the AurionGold transaction in 2002.

Studies had confirmed that the mine contained gold reserves in excess of 250 000 ounces, with an expected peak production of 60 000 ounces a year from its open pit and heap leach operations.

Ore body outcrops on the surface extended to a depth of at least 800m, the consortium said.

Shaft Sinkers chief executive officer, Peet Nel said it intended developing an underground mining operation that would include sinking a vertical shaft and introducing milling to the metallurgical plant process.

Source: News24.Com
URL: http://www.finance24.com/articles/default/dis…/p>