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Home » US$12bln mining industry achievable: CoMZ

US$12bln mining industry achievable: CoMZ

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ZIMBABWE is this week hosting its annual Mining, Engineering and Transport Expo (Mine Entra) in Bulawayo. Our Senior Staff Writer Farai Mabeza (FM) speaks to Chamber of Mines of Zimbabwe president Colin Chibafa (CC) on the current state of the mining sector and outlook. Below are excerpts of the interview:

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FM: May you give us an assessment of the industry’s performance during the first half of the year?
CC: We have witnessed an increase in production for all key minerals in the first half of the year, with gold output reaching around 17 tonnes, a 60 percent increase compared to the same period in 2021. Platinum Group Metals also saw increased production during this period of between two percent and five percent (rhodium two percent, platinum four percent, palladium four percent, ruthenium five percent), with the exception of iridium, which recorded a decline of 15 percent. Information of performance for the first quarter for other minerals indicate that lithium was up 83 percent, diamond up 51 percent, coal up 21 percent and nickel up 13 percent.

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