Browsing: ZMDC

Copper production is set to resume at Alaska Mine in Chinhoyi after a US$6 million capital injection by Chinese investors in partnership with the Zimbabwe Mining Development Corporation (ZMDC). The total capital injection required is US$12 million and so far, a Chinese investor, Grand Sanyuan Copper Resources has poured in half the amount.

As far as June 10, 2021, ZBC News said the majority of the funds will be channelled towards the construction and refurbishment of a flotation plant, a smelter, and an electrolysis refinery, with an environmental impact assessment completed.

The Alaska Copper smelting plant has been closed since 2000, but has now been resuscitated and is expected to be fully operational by July this year with a target to produce 300 tonnes of copper per day.…

Zimbabwe has one of the most diverse mining sectors I have ever come across. The country’s soil is rich in elements such as platinum, coal, iron ore, gold, diamonds and most recently the prospect of oil and gas.

Despite its complex economic challenges, mining, along with agriculture, has been a key pillar supporting the country’s GDP. The sector is responsible for around 60% of Zimbabwe’s export earnings and remains as one of the main sources for the much welcome foreign currency inflow.

FurtherAfrica spoke to the Hon. Winston Chitando, Zimbabwe’s Minister of Mines and Mining Development for an open conversation about Zimbabwe’s mining sector, its challenges, new prospects and raising opportunities. Min. Chitando has a remarkable record in his country’s mining industry spanning well over 3 decades. Previous to his appointment as Zimbabwe’s Minister of Mines and Mining Development, he has held several different positions in major companies such as …