HEADING DESCRITION GOLD MINING Mine location 100km west of Kwekwe town in the Silobela communal land , Zimbabwe Ownership Government of Zimbabwe 100% Benefit Analysis - Monthly revenue of $2.8million and net profit of us$1.1million per month - Lucrative profit margins of 38% - Optimization of production to milling capacity of 25 000 tonnes/month - Production grade of 3.5g/t to produce 60kg of gold - Employment creation and lucrative dividends for shareholders Type of project requiring funding - Surface exploration and development to increase or reserve base - Shaft re -deepening programme to access depth extensions of ore bodies, that is, establishing a central and single lift hoisting system - Mechanisation of underground production – drilling, loading and tramming, starting with wide ore bodies - Surface haulage fleet upgrade - Plant refurbishments to increase throughput especially the crushing and milling circuits - Improve water and electricity supplies Value of project $us 15 million required for mine resuscitation and growth 546 000 @ 4.26g/t of proven ore reserves locked up underground. Development and exploration drilling required for evaluation Partnership proposal Joint venture Negotiabale shareholding according to contributions of each party Government contributions - Assets worth $6.7million, Cash required $15 million usd for recapitalisation Human Resources Current 632 employees beign 47 skilled, 478 semi skilled and 76 unskilled Implementation immediate Project documentation Geological reports and feasibility reports Commissions 3% of the total injected investment to be paid by investor Contact person Mr Mutsa Chikede email cmutsauri@gmail, [email protected] Contact no 00263773926454, 00263738501600
Posted on: Sat, 12 Jul 2014 12:06:53 +0000