Shamva gold mine breaks 15-year production record after resuscitation

By Tapiwa Machemedze

Shamva mine which resumed operations in April this year is expected to start producing 400 kilograms of gold per month by 2023 in a move described as key to the envisioned 12 billion United States dollar mining industry.

The mine has resuscitated 800 jobs and has since broken a 15-year production record by churning out 31 tonnes of ore as of October this year.

This follows a capital injection of 7.8 million United States dollars by Landela Investments.

Speaking during a visit to Shamva by Mines and Mining Development Minister, Honourable Winston Chitando, Shamva Gold Mine Chief Operating Officer, Mr Cobus Bronn said exploration is in progress to ramp up production from the current underground operations through an additional open pit mine.

“Ore is being processed at Freda Rebecca Mine until feasibility studies and mine construction are complete.”

Minister Chitando said expected output from the mine is key to the target of a 12-billion-dollar mining industry by 2023.

“The projected capital injection of 180 million dollars capital injection will make Shamva the biggest mine in Zimbabwe. More importantly we are seeing the fruits of the Zimbabwe is open to business policy spearheaded by President Mnangagwa. At a production of 400 kg of gold per month we are sitting on 5 percent of the 12 billion mining industry.”

Seventy-seven retrenched workers have also been recalled to work and mineral ore is being processed at Freda Rebecca Mine in Bindura until exploration is complete.

The revival of the mine is also trickling down to the community and local suppliers who are getting more business.

The post Shamva gold mine breaks 15-year production record after resuscitation appeared first on ZBC NEWS.

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