HARARE Zimbabwes annual gold output could surpass projected figures, The Chamber of Mines has said. From January to June the country produced 4 023kg of gold. According to data released by the Chamber on Friday, during the first six months of this year, the country made US$148 million from the sale of gold, falling short by US$9 million of the total amount realised thFirming of gold prices above the US$1 200 per ounce mark and the introduction of the multiple currencies led to the positive performance of the gold industry during the first six months of the year, according to the Chamber of Mines.
On a monthly basis, June made the highest contributions with 767kg of gold valued at US$30 million being produced followed by March when the countrys gold output was at 761kg with a mine value of US$27 million.
However, despite this positive performance, the mining sectors contribution to the fiscus has been minimal with Minister Biti threatening to adopt a business unusual approach in an attempt to leverage mineral resources in support of the countrys development programmes.
Post published in: Economy