ZIM TARGETS 100 TONNES OF GOLD BY 2030
Written by Panashe Madzinga on June 29, 2018
The Chamber of Mines of Zimbabwe says the country has the potential to produce about 100 tonnes of gold in the next 12 years, if the sector receives the necessary funding and support.
Chamber of Mines chief executive officer Isaac Kwesu says for the mineral to reach the target, an investment of $900 million is required.
Gold output is projected at 30 tonnes this year after the increase in the gold support scheme from $74 million to $150 million injected last year.
The highest output Zimbabwe produced was 27,1 tonnes in 1999.