In its continued effort to encourage profits through boosting production, Radnor Mine ZimCN, has invested US$3,5 million in mining equipment, mainly modern mine dump trucks. Officials believe that this move is anticipated to haul up a daily 1.2 million tons of ore from the mine to the processing plant.
According to Chief representative Collins Musarurwa, the US$3,5 m investment will allow the mine to increase gold production while transforming operations into one of the biggest among fledgling gold mines. It is also part of the Government’s Vision 2030, of growing the mining sector into a US$12 billion industry resulting in an empowered upper middle-income society.
“The trucks we have brought in will enable us to hold up over 1 000 tonnes in our production scale.
“As a progressive entity just like any other mine that is heeding President Mnangagwa’s call, we should contribute meaningfully to the Government’s drive towards a US$12 billion mining industry by 2023, so that we significantly contribute to economic growth for the country.
“We are currently conducting production through heap leaching but our target is to venture into the more proficient milling to improve output.
“We have received massive support from Government and earlier in the year we were visited by the Minister of Mines and Mining development Winstone Chitando who gave our operations the thumbs up and implored us to continue giving our all for the good of the mining industry and the greater economy,” Musarurwa said.
Radnor Mine, which is operated by ZimCn (ZimChina) Investments, had pinned its hopes on the chances of its mining and other investment projects to contribute to the Government’s targeted US$12 billion revenue by 2023. The mine is targeting a turnover of approximately US$1,5 billion per annum.
“The future is bright. What has been a problem is the lack of sound economic roadmaps, which previous Governments failed to implement since 1912, unlike the Second Republic’s administration under the stewardship of President Mnangagwa,” he said.
The mine is located in Mutoko’s Makaha area, Mashonaland East Province.