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Newly Established Gold Mining Company Investment Opportunity in Harare, Zimbabwe

Emerging gold and chrome mining venture in Zimbabwe, seeking investment for commencing business operations.
This Business is on a Premium Plan
Established 0-1 year(s)
Employees 5 - 10
Legal Entity Private Limited Company
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Gold Mining
Locations  Harare
Local Time 6:07 AM Europe / Berlin
Listed By Business Owner / Director
Status Active
Overall Rating
Partial Stake Sale
INR 32.4 crore for 30.0% stake (Native Currency: USD 3,850,000)
Reason: The company needs this investment to establish operational infrastructure, acquire essential assets,... View More
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Business Overview
- Located in Zimbabwe, this emerging gold mining venture is poised to tap into both gold and chrome markets, essential for jewelry and stainless steel production, respectively.
- Currently in the pre-establishment phase, the company is well-positioned for growth, with a strategic focus on local market supply.
- Annual revenue projection: $72.5 million.
- The business has completed essential groundwork by registering officially and identifying three potential mining sites for acquisition in Zimbabwe.
- Initial steps towards operational readiness include sending out billing quotations to manufacturers in China for procurement of essential trucks and mining equipment.
- The promoter's own father is a gold miner and a few other family members also have good years of experience in gold mining, who can provide valuable expertise and operational support to ensure a successful venture.
- The team is composed of the promoter, a recent business studies graduate, and a partner experienced in running a tobacco business, bringing a diverse skill set to the project.
- While currently non-revenue generating, strategic investment can unlock significant growth and profitability in the flourishing gold market.
- The promoter is originally based in Zimbabwe but he is currently in Berlin for professional reasons and will be returning back to Zimbabwe to run the business operations.
Products & Services Overview
The Government of Zimbabwe through the Ministry of Mines issued a mining prospecting license to the company.
The business specializes in gold and chrome mining, essential raw materials for industries like jewelry production and stainless-steel manufacturing.
The primary products will be raw gold, used by jewelry makers and gold refiners, and chrome, which is crucial for manufacturers of stainless steel.
Target clients include local and potentially international manufacturers, particularly those in Zimbabwe’s market and nearby regions.
Assets Overview
The business owns 10,000 square metres of land with gold, but with investment, we will acquire more assets to support our operations and growth.
Facilities Overview
The business currently has 10,000square metres of land with gold.
Capitalization Overview
The business has no loans or debts.
There are 2 directors, holding 50% shares each.
Recent Activity
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3 Investors contacted this Business this month. Register below to connect now!
Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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