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Sabi Gold Mine resumes production

HARARE — Sabi Gold Mine, a subsidiary of the Zimbabwe Mining Development Corporation (ZMDC) has re-opened for full production, an official said on Thursday.

Located in Zvishavane in the Midlands province, Sabi mine suspended operations in 2014 due to working capital constraints.

But Government together with a local consortium, Chandawana Minerals Company, partnered to secure funding and equipment for the resuscitation of the mine.

The consortium is also expected to settle the mine’s debts that also include workers’ salary arrears dating back to 2014.

Mines and Mining Development Deputy Minister Fred Moyo told Senate that local leadership in the area was currently being informed of the re-opening of the mine.

“People who were working at that mine before it closed will all go back to work,” he said during a question and answer session.

At full production Sabi had capacity to produce 50 kilogrammes of gold per month while employing about 420 people.

Regarding other mines under the ZMDC portfolio, Moyo said work was underway to secure investors to ensure their revival.

The ZMDC also owns the Jena and Elvington gold mines.

The gold sector in Zimbabwe is gradually recovering following a sharp decline experienced in the past decade punctuated by an all-time low production of 3 tonnes in 2008.

At peak, production reached 29 tonnes in 1999.

– New Ziana

 

Source :

sundaynews

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