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$10 million gold mine
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Dosman Mangisi
24/02/2014

$10 million gold mine for Shurugwi

A joint venture company between locals and investors from Israel- Tierra Del Fuego- has set aside $10 million for a gold mine in Shurugwi which will start operating next month, an investment likely to spur growth in the town The project is one of the biggest in the district and officials said it was pursued under the indigenisation regulations which state that the locals must own at least 51 percent shares in all companies.

The project is set to create more than 1000 jobs. Tierra Del Fuego chief executive officer Ms Henrietta Rushwaya said the project will benefit the Shurugwi community through jobs creation, social services and poverty reduction.

She said the project was also part of her company's efforts to contribute to the success of Zim Asset and the indigenisation programme.

Ms Rushwaya said indigenous people must grab the opportunities unveiled by the government and try to add value to the economy especially at a time when the economy is looking forward to the mining sector to spearhead growth.

"The project we have unveiled here is a Shurugwi project inclusive of all communities. The gold mining project we have designed is meant to compliment the government economic policies and blue print unveiled to the people. The project is meant to add value to the district like what has already been done by platinum mines to the Tongogara community share ownership trust which has build schools, clinics and drilling of boreholes," she said.

She said with district strategically located on the great dyke and it must stand to benefit from the rich resources along the mineral belt.

"Of most we need to boost our gold reserves by producing bullions of gold needed in the country so that we will be able to print a valuable Zimbabwean currency again based on minerals particularly gold. My passion is to hear one day Fidelity saying we have enough gold reserves", said Ms Rushwaya.

She challenged women to take centre stage in the economic activities particularly mining.

The District Administrator for Shurugwi Mr Joraam Chimedza welcomed the investment saying the company has done a good approach of gathering all stakeholders to unveil their mining project which stands to benefit all the communities inclusive.

He said Government wanted transparent investors who follow the country's laws.

The company has also successfully opened gold mines in Shangani, Filabusi and Bulawayo


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