Chid­hakwa cracks whip on Govt mine ex­ec­u­tives

Chronicle (Zimbabwe) - - Business Chronicle - Dos­man Mangisi

THE Min­is­ter of Mines and Min­ing Devel­op­ment Wal­ter Chid­hakwa has warned man­age­ment of un­der­per­form­ing Gov­ern­ment min­ing com­pa­nies to pull up their socks or face the chop.

He said Gov­ern­ment mines should be self-sus­tain­able and con­trib­ute to State devel­op­ment and na­tional econ­omy.

Min­is­ter Chid­hakwa, who was ac­com­pa­nied by his Deputy Fred Moyo and the Zim­babwe Min­ing Devel­op­ment Cor­po­ra­tion board, said this last week dur­ing a tour of Jena Gold Min­ing Com­pany in Silo­bela, Kwekwe. Jena Mine falls un­der ZMDC, a min­ing au­thor­ity that con­trols sta­te­owned mines.

“I am chal­leng­ing you all top man­agers work­ing for Gov­ern­ment min­ing com­pa­nies to move out of your com­fort zones and be in­no­va­tive. You must turn around the mines be­cause they still have re­sources. Gov­ern­ment mines should look af­ter the State and con­trib­ute to the na­tional econ­omy,” said Chid­hakwa. Jena Mine is pro­duc­ing 18 kgs of gold a month, which is be­low its re­quired tar­get of 23kgs. The com­pany has a po­ten­tial of pro­duc­ing 63 kgs a month if it up­grades its ma­chin­ery and min­ing equip­ment. The com­pany is fac­ing a chal­lenge of ob­so­lete and de­pleted ma­chin­ery as well as ores ex­trac­tion. Jena Mine needs to set up a head gear, shaft devel­op­ment and more drilling, jack­ing and load­ers.

On the process side the com­pany seeks to up­grade the pro­cess­ing of gold to 90 per­cent of gold re­cov­ery from the cur­rent 86 per­cent. Min­is­ter Chid­hakwa said Jena Mine has po­ten­tial to be a highly per­form­ing min­ing com­pany and pledged Gov­ern­ment’s sup­port to up­grade it. He said the Gov­ern­ment sup­port will in­crease gold pro­duc­tion at the Silo­bela-based min­ing com­pany.

“I want to pledge Gov­ern­ment sup­port to­wards the devel­op­ment of Jena Mine as soon as the man­age­ment hands over their bill of quan­tity. The move will def­i­nitely in­crease gold pro­duc­tion and al­low the mine to look af­ter the state and na­tional eco­nomic in­ter­ests,” he said.

Re­cently, Min­is­ter Chid­hakwa cracked the whip at the loss mak­ing coal con­cern, Hwange Col­liery Com­pany Lim­ited where he fired the en­tire board and dis­missed part of top man­age­ment. The Gov­ern­ment has also con­sol­i­dated un­der-per­form­ing com­pa­nies min­ing al­lu­vial di­a­monds in Marange, Man­i­ca­land, to form the Zim­babwe Con­sol­i­dated Di­a­mond Com­pany.

Min­is­ter Wal­ter Chid­hakwa

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