Harare (New Ziana) – Gold output at Metallon’s How Mine in Bulawayo rose 59 percent in 2021 following a USD5 million capital injection the previous year.
Gold production was 30 381 ounces, more than the 28 766 ounces that the company had expected last year.
According to Kimbton Chiota, managing director of Bulawayo Mining Corporation (BMC), the holding company of How Mine,
capital was deployed towards new mining equipment and to deepen the shaft.
BMC is a subsidiary of the Metallon Corporation.
“This improved performance is on the back of a capital injection of US$5 million for the shaft sinking
project, which opened up new mining areas. This project was commissioned in the last quarter of the
year 2020,” Chiota said.
“The mine is currently carrying out exploration, both on surface and underground, in order to open up
the resource base for expansion.”
Chiota said How Mine would expand operations to ramp up production, and contribute to the attainment of a USD 12 billion mining industry milestone.
Some of the machinery that was acquired includes an advanced rock scanner which allows the mine to scan rock formations and anticipate any safety risks.
This, Chiota said, had increased efficiencies and resulted in a sharp drop in injuries at work.
“Due to improved efficiencies, the average cost per tonne milled was US$21, better than the US$23 that the company had set as the target for the year,” he said.
“We remain focused on contributing towards the Government’s target of a US$12 billion mining industry by the year 2023.”
Increased gold output is expected to anchor the attainment of the USD 12 billion mining industry by 2023.
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