By Owen Mandovha
GOVERNMENT’s pro-business economic policies have benefited the mining sector, with several companies registering significant growth since the inception of the Second Republic.
Blanket Gold Mine’s 2021 production statistics have vindicated the Second Republic which constantly reiterates that the country’s operating environment is conducive enough to nurture international capital.
Gold production leaped a massive 17% to a record 67 thousand ounce for the year compared to prior year.
The successful completion of the central shaft project accompanied by the acquisition of gold claims in Midlands province signals the rich and diverse opportunities that continue to catapult the Toronto and Victoria Falls Stock Exchange listed company to stardom.
Deputy Minister of Mines and Mining Development Hon Polite Kambamura summed it up saying Blanket Gold Mine’s case is not isolated adding that it is the hallmark of the recovery and growth of the mining sector sparked by pro-business economic policies instituted by the Second Republic.
“There is every evidence to believe that what is happening now is a direct policy intervention of the Second Republic which continues to support local mining companies and the results for example of Blanket Mine are a case in example. We have continued to ensure adequate power availability and foreign currency to ensure uninterrupted production thanks to the Government’s deliberate policy thrust,” he said.
There is no doubt that Blanket Gold Mine contributed to the 56% surge of gold deliveries to the Fidelity Printers and Refinery to nearly 30 tonnes in 2021, while other gold mines are also posting stellar performances.