HomeBusinessGoodenough Mine property attached

Goodenough Mine property attached

-

THE Deputy Sheriff in Bulawayo has attached the property of Goodenough Gold Mine in a bid to recover more than $90 000 in unpaid wages for 100 workers.

MTHANDAZO NYONI
OWN CORRESPONDENT

Goodenough, which trades as Chakata Resources Zimbabwe (Pvt) Ltd, was placed under provisional judicial management last year after a row erupted over the management of the mine with some of its directors alleging gross abuse of funds.

The mine owes the Mining Industry Pension Fund $42 600, Messers Dube-Banda, Nzarayapenga and Partners $200 000 in legal fees and Cheda and Partners $25 000.

The attached property includes a truck, tractor, two compressors, three head gears, three hoisting machines, two lathe machines, a drilling milling machine, pressing machine, three crushers, six concentrators and a boiler, among other equipment.

According to a source close to the development, the mine was given 48 hours to pay workers, failure of which the property would be auctioned tomorrow.

“Goodenough Gold Mine property was attached by the Deputy Sheriff on Monday and they were given up to today to settle outstanding arrears before their property being auctioned,” the source said.

However, the Deputy Sheriffs office could not immediately comment on the matter.

High Court judge Justice Lawrence Kamocha early this month granted an order for Goodenough Mine’s property to be attached to recover $90 471,09 for the period May 2012 to November 2012.

The Matobo-based mine was ordered to pay the costs of the suit.

The company has for long been caught in a legal wrangle after one of its directors, Henrietta Gugulethu Dube, took her co-directors to court over allegations of inviting foreign investors to take over the poorly-performing mine and knocking her out.

Dube has been pushing for the company to be placed under provisional judicial management rather than have it controlled by foreigners, a move she said was in breach of the Zimbabwe Investment Authority and the Zimbabwe Indigenisation and Economic Empowerment laws.

Recent Posts

Stories you will enjoy

Recommended reading