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AIM-listed resources company, African Consolidated Resources has announced that its Pickstone-Peerless gold project near Chegutu, 100 kilometres southwest of Harare, will come on line in the second half of 2015 after it secured funding from a Zimbabwean company to start operations at the gold mine. AFCR also said that although the deal to acquire Dalny
Renco Mine general manager Irvine Taurayi Nyamukondiwa declined to comment and referred NewsDay to its corporate communications department.
Dalny was placed under full care and maintenance at the beginning of the year after it ran out of open pit resources that could be mined economically.
Zimbabwe-based mining company RioZim has acquired Sperrgebiet Diamond Mine in Namibia as part of its plan to expand its operations in Africa.
Dalny Mine slipped into care and maintenance and its shafts were subsequently flooded.