Chinese investor readies to revive Kamativi Mine

HARARE - Chinese investor, Beijing Pinchang, which has promised to inject $100 million to revive Kamativi Tin Mine which has been closed for almost 21 years, is working on the processing technology to extract all seven minerals in the Matabeleland North-based mine.

Mines and Mining Development minister Walter Chidakwa told the National Assembly on Wednesday that Beijing Pinchang’s joint venture with the State-run Zimbabwe Mining Development Corporation (ZMDC) was on course.

He was responding to a question from Binga South MDC MP on what was holding the joint venture from taking off.

“We approved the project and when we were about to start, they had problems amongst themselves as joint venture partners,” Chidakwa said. 

“When we were about to withdraw the joint venture relationship, they came back to us and told us that they had resolved their problems and were able to proceed with the project. 

“ . . . what is happening, particularly on Kamativi, is that when the mine was closed, it was mining tin and a little bit of tantalite.”

Chidakwa said government had insisted it wanted the whole range of seven minerals which are available in that ore body to be mined.

The mine has about 40 million tonnes of open cast tin reserves — considered one of the best in the world.

It opened in 1936 and shut down in 1994 after international tin prices fell to levels that rendered operations unviable.

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