KWEKWE-based gold mining firm, Vigilant Mine, is targeting to deliver a tonne of gold to the national coffers annually by 2023, after successfully concluding a takeover bid that had affected operations at the mine.
The mining company, which concluded the takeover bid this January, after over six years of wrangling, has since harnessed resources, with its workforce now around 220, up from 12 last year.
The firm is upbeat that the goal to increase gold output from the current target of 400 000 kilogrammes to one tonne is achievable, given the work in progress, as they seek to make a mark in the country’s target of a US$12 billion mining industry by 2023.
“We have a strategic vision to see our gold output going up within our target. We have every intention to contribute towards the Second Republic’s Vision 2030. We are already rolling out some serious actions to see an increase on our monthly processing. We want to increase production as we are set to commission Chaka Mine. We are now excited that the future is bright. It will add life to the business. Our goal is to push through. All the bullion to be produced will be sent to fidelity. This is our thank you to our President who has opened the country for us locals to participate in the economic revival of the country,” said Mr Tendai Kadyamusuma-Mining Director-Vigilant Mine.
Midlands Minister of State for Provincial Affairs and Devolution Senator Larry Mavima Government is equally excited by the amount of investment that has been put in place by locals in the economy which will in turn spur the Midlands’ Provincial Gross Domestic Product (GDP).
“What I have seen here is quite commendable. It’s hard to believe that locals can make such types of investments. This shows that there is a lot of economic activities happening in the country. We want to remove the little stones. All the obstacles must be removed as the country is open for business. We are able to run these things but why can’t we run them ourselves. Let’s transform the expertise we have in this country for the benefit of our country. Only recently, we witnessed Zambia sending experts to learn here which a sign that we have the expertise. What is needed is for our human resource to be put to good use. Anyone who might want to put obstacles in your works, we will deal with them,” he said.
Government recently set up a gold mobilisation team to boost deliveries to Fidelity Printers and Refiners (FPR) as it seeks to meet this year’s target of 60 tonnes compared to 32 tonnes realised last year.