The Sunday News
Judith Phiri, Business Reporter
DIVERSIFIED mining group, RioZim Limited recorded a 13 percent increase in gold output at its productive mines clinching 307 kilogrammes (kg) in the third quarter of 2023 from 272kg achieved in the comparative period last year.
In a statement accompanying the results, the company said the improved gold production was attributed to improvement in power supply.
“The quarter saw a marked improvement in power supply following the Zimbabwe Electricity Transmission and Distribution Company (ZETDC)’s commissioning of additional capacity at Hwange. The significant improvement in power supply subsequently improved gold production for the quarter by 13 percent to 307kg from 272kg achieved in the comparative period last year,” said RioZim.
It said Cam and Motor Mine produced 166kg of gold which was a 14 percent increase from 146kg recorded in the same period last year, mainly driven by an increased milling throughput.
RioZim said the significant capital expenditure interventions on the crushing plant positively impacted plant performance resulting in the recorded improved milling throughput.
“Dalny Mine remained under full care and maintenance throughout the quarter. Renco Mine produced 141kg of gold in the current period, a 12 percent increase in gold production from 126kg achieved in the same period in 2022. This was due to improved power supply to the mine which enabled upscaling of milling throughput as well as plant availability at near optimal levels.”
On base metals business, RioZim said Empress Nickel Refinery (ENR) remained under care and maintenance throughout the quarter.
However, the diamond business did not perform well as RZM Murowa (Private) Limited experienced plant break downs, mainly on the heavy mobile equipment, which negatively affected plant throughput resulting in a slump in production.
“A total of 100 000 carats were produced in Q3, 2023, a 12 percent reduction from 130 000 carats produced in Q3, 2022.
The mine’s key focus remains to stabilise its support equipment to enable consistent processing of high volumes as per the new 500 total petroleum hydrocarbons (TPH) plant design,” said the company. The company said in order to mitigate the impact of power outages, the company invested in back-up generators across its mines.