By John Nhandara
Mobilisation of adequate capital resources and exploration of new gold ore deposits have been cited as key in achieving a US$12 billion mining industry by 2023.
This was the topical issue when the Chamber of Mines appeared before the Parliamentary Portfolio Committee on Mines and Mining Development this Monday.
“There has been a decline of gold deliveries by 29 percent, hence the need to sustain the sectors growth potential,” Chamber of Mines CEO Isaac Kwesu said.
The Zimbabwe Mining Development Corporation (ZMDC) has already started scaling up gold production at its gold mines like Sabi and Jena.
“At Sabi we are increasing gold production to 480 kgs per annum; at Jena increasing to 1200 kgs per annum,” said Zimbabwe Mining Development Corporation General Manager Blessed Chitambira.
Government is alive to the fact that the attainment of vision 2030 is premised on the mining sector, with gold production expected to contribute US$4 billion of the envisaged US$12 billion mining economy in two years’ time.