Govt moves in to resuscitate of Gaths Mine

By Mercy Bofu

THE government has moved in to resuscitate the asbestos giant, Gaths Mine in Mashava, which that has an ore reserve worth close to US$900 million.

Shabanie Mashava Mine Holdings’s subsidiary, Gaths Mine stopped operating at full scale in 2004 but glory days are set to roll back as the government is working closely with Shabanie Mashava Mine Holdings management to ensure the mine’s revival.

Following a visit by a government delegation led by Masvingo Provincial Affairs and Devolution Minister, Honorable Ezra Chadzamira, Shabanie Mashava Mine Holdings Chief Executive Officer Chirandu Dhlembeu said they are currently at the fundraising stage with US$38 million required to start operations, adding that they have already secured a market for the resource in-situ worth nearly US$900 million.

“While fundraising we have been maintaining infrastructure here looking forward to resuming operations. The mine here has got a life span of 17 years, the value of the resource in-situ is US$900 million. We have the source, market and our capacity at full production is 75 000 tonnes per year,” said Dhlembeu.

Gaths Mine’s revival is critical in ensuring attainment of vision 2030 through employment creation and increased gross domestic product.

The new dispensation led by President Emerson Mnangagwa has been working round the clock to reopen big companies and Gaths Mine is said to have the potential to create more than 2000 jobs.