THE US$12 billion mining economy by 2023 is achievable with one of the country’s biggest gold producers, Blanket Mine, targeting a staggering 7 000 ounces per month.
With the mining industry being the country major foreign currency earner in the country, the increase in production by the Gwanda-based Blanket Mine does not only bring hope to the country but makes the vision of achieving a 12 billion United States dollar mining economy by 2023 attainable.
Construction of a new shaft set to be officially commissioned by President Emmerson Mnangagwa has improved production output.
“We have increased production out of the mine from about 1700 tonnes a day and we are now sitting close to about to 2100 tonnes a day and we are still going up and our ultimate goal is 2300 tonnes a day in 2022 and that goal if achieved will give us a production rate in 2022 of 80 000 ounces per month and we believe it achievable,” said Caxton Mangezi, Caledonia Zimbabwe Vice-President operations.
Speaking to the ZBC news after touring the new central shaft, Mines and Mining Development Deputy Minister, Honourable Polite Kambamura said mining economy targets are in sight, given the increase in the gold output at Blanket mine.
“Upon the commissioning of this project, the mine will produce about 2,4 tonnes per annum, so we are looking forward to seeing this project as key to our attainment of our ministry’s 12 billion milestone by year 2023 where gold will gold will contribute to about 4 billion.
So we are looking forward to have this mine being commissioned by his excellence,” said the Deputy Minister.
Construction of the central shaft which cost about US$80 million from the mine’s internal funds has seen the gold producer increase production from one hundred eighty-nine kgs a month to two hundred and twenty-four kgs this month. — ZBC.
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