Gold mine to re-open after 40 years

We are expecting Cam and Motor gold mine to restart in 2012 and resume full production by 2014, said RioZim Managing Director Josephat Sachikonye last week. He also revealed that the mining group expected to produce its first electricity from Sengwa coal-fired power plant by 2014. The project will cost $3billion.
Once we have achieved these two projects we will consider a secondary listing in order to attract more capital and increase shareholder value. We have talked to Johannesburg Stock Exchange and the London Alternative Market and that listing can be done by 2014, he said.
We are expecting to seal a strategic 50-50 partnership deal this month for the plant. We are in some serious discussions, which are almost close to conclusion. I hope that by end of this month we would have reached a deal, said Sachikonye. He said Sengwe coal mine had reserves of 1.3 billion tones.