ZMDC seeks over US$20m to resume SMM operations

had been under judicial management for two years. The mine collapsed in 2008, leaving an estimated 3 000 workers jobless.
ZMDC chairman Mr Godwills Masimirembwa said mining operations would resume once funds were available.
“ZMDC needs over US$20 million to revitalise the asbestos rich mine,” he said.
“In that manner, the funds should be readily available to start operations at the mines.”
The ZMDC, Mr Masimirembwa added, was now working to make sure operations resumed soon.
Before suspending operations, SMM used to produce an estimated 200 000 tonnes of fibre every year.
SMM, once one of Africa’s largest asbestos producers, had access to markets in the US, UK, Angola, Nigeria, Zambia, Mozambique, India, Iran, the United Arab Emirates, China and Indonesia.
Zvishavane and Mashava, which are home to SMM, degenerated into ghost towns when the miner ceased operations.
The miner is reportedly sitting on reserves that can be exploited for the next 20 years.
By assuming ownership over SMM, ZMDC took the responsibility to pay workers who had gone for years without receiving salaries. – New Ziana.

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