Published by Jaroslaw Adamowski
Higher gold output Zimbabwe’s leading gold producer Metallon Corporation says it forecasts production of 115,000 oz this year, up 22% from 94,212 oz reported in 2016.
Kimpton Chiwota, the company’s general manager, told local daily New Zimbabwe that local gold producers are planning to invest a total of $120 million in developing their production capacities this year. This would represent a robust increase compared with last year’s $22 million.
Metallon Corporation owns four gold mining companies in Zimbabwe, as well as facilities located in the Democratic Republic of the Congo (DRC) and Tanzania.
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