Shabanie Mashava Mine seeks investor for PGM rich dumps

Shabanie and Mashava Mine Holdings (SMM) is seeking a partner to rehabilitate and process dumps as part of plans to restart operations.  SMM Holdings through its African Associated Mines unit, produced chrysotile fibre at Shabanie Mine in Zvishavane and Gaths Mines in Mashava for over a century but ground to a halt in 2008, three years after the government seized them from Mutumwa Mawere, under a controversial law that allows the state to take over assets of businesses deemed to be insolvent and incapable of servicing loans and charges owed to state institutions and agencies.