Pacific Goal seizes 51 percent of Muchesu mine
Pacific Goal Investments Private Limited will acquire a majority stake in Muchesu Mine’s coal operations in Binga following modifications to its original business arrangement. The Zimbabwe-focused investment firm will take a 51 percent ownership position through revised legal documents submitted to the central bank for approval. Wencai Huo and Liu Jun each hold equal shares in Pacific Goal Investments and bring extensive experience in the country’s industrial sector.
The parent organization is based in Hong Kong and has committed substantial resources to Zimbabwe’s energy infrastructure development. Pacific Goal Group is constructing an integrated industrial facility that combines electricity generation with mineral processing capacity for graphite and nickel production.
