adminHARARE — The Zimbabwe Mining Development Corporation (ZMDC) has commenced the process of reviving gold producer Golden Kopje Mine by seeking a firm to carry out a feasibility study for the mine. “This study will come up with a business plan and a work schedule,” said ZMDC in an invitation to informal tender on Friday.
According to ZMDC, the feasibility plan should include a detailed business plan for the mine; a review of the ore reserves and resources “to a recognised international standard,” and a proposed mine re-opening options, mine plan and work schedule.
It should also include an evaluation of existing assets, cost estimates and an exploration proposal. Golden Kopje mine, which is situated in the Chinhoyi greenbelt in south-eastern Zimbabwe, initially stopped operations in 2006 due to financial constraints.
It resumed operations in April 2009 following its acquisition by Reserve Bank of Zimbabwe (RBZ) subsidiary Carslone (Pvt) Limited in 2007 (with the ZMDC coming in as a technical partner), but shut down again in 2014 due to operational challenge. — BH24
Online Reporter