President Emmerson Mnangagwa today visited Karo Mine in Mhondoro Ngezi to assess progress since the groundbreaking in November last year.
In November last year, Mnangagwa officiated a groundbreaking ceremony for the same mine, which is expected to be the largest platinum mine in Zimbabwe ahead of Zimplats and Mimosa covering about 24 000 ha.
“When we reach the final development stage, its size will be bigger than what we already have in terms of platinum production in the country.
We have Zimplats here in Ngezi, Ungi in Shurugwi and Mimosa in Zvishavane, all those three put together are smaller than this project” said Mnangagwa
The mine, once it commences in its full capacity is expected to directly employ 25 thousand people and contribute 5 billion United States Dollars to the country’s GDP.
Mnangagwa was given an explanation of the phased approach that Karo Platinum is adopting as it works to bring this major Platinum Group Metals resource to account, with the initial phases already well underway.
He was also shown core samples from the drilling programme already completed.
There have been drilling of 72 diamond core boreholes totaling over 12 000 m and the drilling campaign focusses on the western edge of the Great Dyke on the mining location, with boreholes targeting average depths of 50 to 150m below surface.
The digital terrain mapping and high resolution airborne geophysical surveys have been completed. The core samples from these boreholes will be sent to an independent laboratory for assessment. The quality assurance and quality control programmes are running concurrently with the drilling programme and adhere to industry best practices.
According to Karo Resources Country Manager Josephat Zimba, there is no need for residents and farmers around the area to get into a relocation panic mode because the company is still doing an assessment as to where to start mining.
“At this juncture, it will be a bit premature to talk o relocation of people we are going through the drilling phase and identify where the best place to start mining obviously you want to start mining from a a place where you least impact in terms of human resource dislocation“ said Zimba.
Mnangagwa commended Karo Resources for the progress they have made so far since the commencement of the project last year.
“I am very happy that you have kept your word, in fact, you are far ahead of what you promised us”
Karo Platinum is located in the Mashonaland West District, and an exploration programme to delineate the platinum group metals (‘PGM’) resource over the 23 903 ha the mining location area is underway.
The mining location is south of Zimplat’s Hartley Platinum Mine and Selous Metallurgical Complex and north of the Ngezi Mine.