Monday , September 21 2020
Home / Business / Zimbabwe has promised to put more mining assets for sale – including gold mines

Zimbabwe has promised to put more mining assets for sale – including gold mines



[ad_1]

"As a government, we want to see each and every asset owned by ZMDC into production," Chitando said.

London-listed Caledonia Mining, which has operated the Blanket mine in southern Zimbabwe, is among the bidders for two gold mines already sold.

Gold is the largest single mineral export in Zimbabwe. Bar production reached a record 994.726oz between January and October, compared with 952,397 oz for all of 2017, Chitando said.

Small-scale producers, which are paid in cash for their shipments to central bank-owned subsidiaries, now account for 61% of total gold production in Zimbabwe, according to the mining ministry data.

Big gold miners said their operations were hampered by a shortfall in the US dollar, which in October forced RioZim to temporarily close its mine.

[ad_2]
Source link