‘Mining capacity utilisation to reach 83 percent in 2022’

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CAPACITY utilisation in Zimbabwean mines is next year seen rising to 83 percent from 80 percent this year, driven by new projects and expansions, as well as stable electricity supply, a State of the Mining Industry and Prospects for 2022 report has shown.
According to the report commissioned by the Chamber of Mines of Zimbabwe (CoMZ), in partnership with The Financial Gazette, capacity utilisation is expected to grow as the sector ramps up production in anticipation of firm commodity prices,

“Over 42 percent of the respondents expect to ramp up their production by over 40 percent. An analysis of responses by sector shows that output is expected to grow by an average of five percent for palladium (PGMs) and up to 43 percent for the diamond sector.