Zimbabwe Consolidated Diamond Company (ZCDC) and Townsend Enterprises dispute over Gache-Gache rich gold deposits

Zimbabwe Consolidated Diamond Company (ZCDC) and Townsend Enterprises dispute over Gache-Gache rich gold deposits

A CLASH is brewing between the Zimbabwe Consolidated Diamond Company (ZCDC) and Townsend Enterprises over the extraction of gold at the where gold deposits worth millions of US dollars were discovered by the latter as it has emerged that the state-owned concern is gradually forcing out the private company.   Townsend Enterprises was last year sub-contracted by the Zimbabwe Power Company (ZPC) to supply sand to Chinese firm Sino Hydro for the construction of Kariba…

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Drying Up Kariba Hydropower Station Left With Only 165 Days Capacity To Generate Electricity

KARIBA Dam is now left with capacity to generate power for only 165 days, unless significant water inflows are recorded in the next few months, a Zesa Holdings official has said.   KARIBA Dam Speaking during a tour of Kariba Power Station last Friday, the power station’s general manager, Kenneth Maswera said water levels in the dam were now at 477,15m which is 1,65m above the minimum power generation threshold. He said these were the…

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