Search
  1. Home
  2. Southern Africa
  3. Zimbabwe

Gold production losses

    JOHANNESBURG

    Zimbabwe’s gold mines are facing serious fuel and electricity shortages and a foreign currency crunch which is pushing up production costs and forcing the suspension of some operations, the London ‘Financial Times’ reported on Wednesday.

    One of the first challenges facing a new cabinet to be appointed this week will be declining gold production and the closure of marginal mines, the newspaper said. On Tuesday, Falcon Gold Zimbabwe said it had suspended operations at its Venice mine due to “continued unsustainable losses”.
    The same action could be necessary at Falcon’s Dalny and Golden Quarry mines. The three mines account for 4 percent of national gold production of 27 mt. In June, Australia’s Delta Gold suspended operations at its Eureka mine which opened only last December.

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

    Share this article

    Our ability to deliver compelling, field-based reporting on humanitarian crises rests on a few key principles: deep expertise, an unwavering commitment to amplifying affected voices, and a belief in the power of independent journalism to drive real change.

    We need your help to sustain and expand our work. Your donation will support our unique approach to journalism, helping fund everything from field-based investigations to the innovative storytelling that ensures marginalised voices are heard.

    Please consider joining our membership programme. Together, we can continue to make a meaningful impact on how the world responds to crises.

    Become a member of The New Humanitarian

    Support our journalism and become more involved in our community. Help us deliver informative, accessible, independent journalism that you can trust and provides accountability to the millions of people affected by crises worldwide.

    Join