HomeBusinessZim sees gold output up 35% this year

Zim sees gold output up 35% this year

Victor Gapare, former president of Zimbabwe’s Chamber of Mines said the gold sector would need US$1 billion a year to increase production to 50 tonnes in the next five years.

 

“The 2011 production is expected at between 12 to 15 tonnes, an increase of 35%. As our short to medium- term target, we believe gold production should be at 20 tonnes a year,” Gapare told an annual meeting of the mining chamber. — Reuters

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