Chiadzwa mine has great potential: Mpofu

obert_mpofu3MUTARE-Chiadzwa diamond mine has a great potential when it reaches its peak, minister of Mines and Mining Development, Obert Mpofu (pictured) has said.

In his speech at Zimbabwe National Chamber of Commerce (ZNCC) business awards last week, Mpofu said: “The potential diamond field in Marange are vast and in extent about 70 000 hectares but much of it is yet to be explored and exploited.

Mpofu told the local business community that there are huge opportunities and the country is on the over drive in pursuit of investors to exploit this resource.

Meanwhile, the ministry of Mines and Mining development has issued eight Special grants for exploration and mining coal while another batch is in final stage of being granted in an effort to meet current challenges in power supply.

Mpofu said the huge backlog of more than 450 of exclusive prospecting orders is being processed and will result in the creation of more space for claims and further exploration applications.

“The mining sector is in growth mode with most mines including those, which had been under care and maintenance recording increase in capacity,”Mpofu said.

He also said Platinum production is expected to double current figures after Zimplats commissioned the $350 million expansation project in the last quarter of 2009.

Mpofu said the deregulation of the gold sector last year and the improvement in the prices stimulated gold production by 35 percent from 3,1 tonnes in 2008 to 4,2 tonnes in 2009.

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