Future of Kamativi bright


0

The future of Kamativi Tin Mine can only be bright because the price of tin which had plummeted to $3  000 a tonne when the mine closed down over 20 years ago is now $23 000 a tonne.

Deputy Mines Minister Freddy Moyo said the mine had about 40 million tones of open cast reserves, “one of the best in the world”.

He said the Zimbabwe Mining Development Corporation would soon be signing an investment agreement with a foreign company paving the way for the mine to reopen.

Besides tin, Kamativi had other valuable metals such as tantalite, niobium, lithium and mica.

 

Q & A:

 

PLANS IN THE RESUSCITATION OF KAMATIVI TIN MINE

MR. SANSOLE asked the Minister of Mines and Mining Development to state the Ministry’s plans on the resuscitation of Kamativi Tin Mine in Hwange East which was closed in 1994?

THE DEPUTY MINISTER OF MINES AND MINING DEVELOPMENT (MR. F. MOYO):  Kamativi Tin Mine closed down in 1994 when the price of tin plummeted  to $3000 per tonne.  Currently, the price is now at $23 000 per tonne. The mine has about 40  million tonnes of open cast reserves, one of the best in the world.

Besides tin at Kamativi, the mine also hosts other valuable metals which can also be commercially extracted. These include tantalite, niobium, lithium, mica et cetera. With the world’s growing demand for lithium batteries, the future of Kamativi Mine can only be bright.

 ZMDC will soon sign an Investment Agreement with a foreign company in a few weeks and this development will lead to the opening up of that mine again.

 

(432 VIEWS)

Don't be shellfish... Please SHARETweet about this on Twitter
Twitter
Share on Facebook
Facebook
Share on LinkedIn
Linkedin
Email this to someone
email
Print this page
Print

Like it? Share with your friends!

0
Charles Rukuni
The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.

0 Comments

Your email address will not be published. Required fields are marked *