Mining: Placer Dome sells Zimbabwean gold mine

A South African consortium has bought the closed Eureka gold mine in Zimbabwe, from Canada's Placer Dome.
Placer sold the mine, which was closed in 2000 due to poor economic conditions.

Mmakau Mining and Shaft Sinkers are believed to have paid up to $6 million for the mine.

Mmakau Mining was formed in the 1980s when it was established as the first mining company created by historically disadvantaged South Africans.