Major gold project on the cards

By ZBC Reporter

The country’s envisaged 12-billion-dollar mining industry is on course with mining companies ramping up production.

This comes after Zimbabwe recorded almost two billion United States dollars worth of gold deliveries in the last nine months.

 An impressive run in the production of gold during the second quarter of the year has had a positive impact with the latest statistics showing that deliveries topped 3 175 kilogrammes  as of last month.

Speaking to ZBC News the Deputy Minister of Mines and Mining Development Honourable Polite Kambamura explained that the  figure  translates to a value receipt of close to 1.9 billion United States dollars from the precious mineral, whose contribution to the Mining Industry is expected to hit 4 billion dollars within the next two years.

In January we had 927 kgs of gold. As of September 2021 3175 kgs were delivered to FPR, and the cumulative deliveries as of September 2021 stands at 80.9 tonnes . This shows we are moving in the right direction and the vision for a 12 billion mining economy by 2023 is real and will be achieved, he explained.

This yield capacity of gold is expected to go up next year when a major project at Shamva Mine is expected to take off adding at least four hundred kilogrammes to the current statistics.

 While the large chunk of production is attributed to small scale miners, who have contributed at least 2 000 kilogrammes on the current figure, government is looking at interrogating the performance of large corporations.

However, there are a few exceptions with headline miner Blanket Mine reporting a record quarterly output of 18,965 ounces at the end of September.

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