Sabi Gold mine now at 40 percent of capacity


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Sabi Gold Mine in Zvishavane is now operating at 40 percent after resuming operations early this year but managing director, Brian Chandiwana says the miner can double production by next year. 

The mine reopened in March after a $13 million deal between a private investor, Chandawana Minerals Company, and government.

“We have completed the pre-start programme, we operating between 38-40 percent of capacity. Things are stable now. We hoping by this time next year we will be at 100 percent capacity,” Chandiwana said.

Mines Minister Walter Chidhakwa in March said the mine was producing between 20 and 25 kilogrammes of gold per month.

“At the moment we are employing about 352 workers and we hope by next year we should be at 700 people.”

The mine was mothballed in 2011 due to working capital constraints and was placed under judicial management in September 2014 before a deal to resuscitate it was reached this year.-The Source

(17 VIEWS)

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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.

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