miners 2 11-10-10.jpgMines operating under the investing arm of Zimbabwe Mining Development Corporation (ZMDC) have recorded increased output following ZMDC’s injection of US$ 5 million.

 

Three gold mines namely Jena, Sabi and Elvington have doubled their production output from 25 kilogrammes per month to 50 kilogrammes while Sandawana mine in Mberengwa is producing 700 000 carats of emeralds.

 

The increase in production output comes on the back of US$ 5 million capital injection by the corporation to resuscitate operations of mining ventures.

 

ZMDC board Chairman, Cde Godwills Masimirembwa commended the performance of these mines and expressed optimism that production levels will increase before the end of the year.

 

“Our mining companies are performing very well and we hope to see production output increasing in the next few months. This performance will contribute significantly to the country’s economic growth,” said Cde Masimirembwa.

 

The country’s economic growth is hinged on the performance of the mining sector which is expected to grow by 40% this year.

 

Parastatals in the mining industry are slowly picking up after years of viability constraints and this year, ZMDC has managed to declare a dividend of over US$ 30 million to the fiscus.