GOLD mining concern, Metallon Gold Mines has ceded its Mazowe unit to South Africa’s Baldmin Projects in a $10 million deal set to become the country’s biggest gold producing venture.
Baldmin Projects is a sister company to Baldmin Engineering, which is based in Benoni, South Africa.
Mazowe is the biggest among the former Lonrho Zimbabwe gold mines located in Bulawayo, Mutare, Acturus, Shamva and Mazowe, which is the most lucrative among the units.
Baldmin Projects directors are upbeat about the acquisition of a project which has seen teams and equipment shipped to the site to do some preparatory operational work.
“Once the project is commissioned Mazowe mine will be one of the biggest producers of Gold in Zimbabwe,” read a statement from the firm.
Company CEO Massimo Giannoccaro is on site and is leading a team of engineering experts tasked to ensure the successful launch of the lucrative venture.
The team, according to the company, includes projects director Costar Takawira.
Forty trucks loaded with equipment will soon be deployed to the site to complete the task.
“Civil works is 90% complete at Mazowe mine and site installations have started. A team of technicians, artisans and engineers is already on site erecting structures,” said the firm.
The bulk of the machinery, said the company, is manufactured in its own backyard, a move the firm says saves it the often costly burden of sources for equipment from abroad.
Said the company: “The plant will consist of Flotation, Leach, feed, prep/milling, Thickener sections and Substation which will supply power to the plant.
“Included is also the Fraser Alexander pump station for hydro sluicing.”
Installation and commissioning of the plant is scheduled for the 14th of December this year.Advertisement