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September 4, 2018

Gold Fields of Mazowe places Zimbabwean mine under care and maintenance

Gold Fields of Mazowe (GFM) has reportedly placed the Mazowe gold mine in Zimbabwe under care and maintenance, in a move expected to result in the retrenchment of hundreds of mineworkers.

Gold Fields of Mazowe (GFM) has reportedly placed the Mazowe gold mine in Zimbabwe under care and maintenance, in a move expected to result in the retrenchment of hundreds of mineworkers.

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The workers have been served a three-month notice pending dismissal, NewZimbabwe.com reported citing an undisclosed source.

“Workers have been given three months notices pending dismissal. The workers are now rendered jobless and will be waiting for their packages in five months.”

The source was quoted by the publication as saying: “Workers have been given three months notices pending dismissal. The workers are now rendered jobless and will be waiting for their packages in five months.”

Mazowe Mine, which is part of the Metallon group, is a high-grade, underground gold mining operation, located in Mashonaland Central province, about 50km north of Harare.

The mine has 247 claims covering 2,939ha and comprises two underground operations, the Mazowe and the BSV projects.

An internal letter to workers, reportedly signed by acting managing director Joseph Chifamba stated: “Please be advised that due to restructuring, your position has become redundant and, accordingly, you are hereby given three months’ notice of termination of your employment.

“The notice period will run from 1st September 2018 to 30th November 2018. In line with the Labour Act, a retrenchment package is being negotiated in the Works Council.”

The company is facing allegations of externalising proceeds to the tune of $30m from its mining operations.

GFM was quoted by African News Agency (ANA) as saying: “GFM is currently undergoing a re-engineering of its operations. The company has suspended underground mining to focus on accelerated mine development which will lead to future mechanisation and volume mining.

“A number of positions will be placed on shifts/short-time while reviews of operations are under way. These measures have been implemented in order to reduce costs, increase productivity, and ensure the long-term viability of GFM for the benefit of employees and all stakeholders.”

GFM noted that surface and underground exploration is in progress.

Furthermore, the company has indicated that underground mining would be restarted by 2021.

Meanwhile, ANA also reported that 200 workers at Shamva Gold Mine, which is also part of the Metallon group, had received similar termination notices.

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Dig deeper with our mining equipment forecasts

As ore mines ramp up and come on stream, the total number of active surface machines (including trucks, excavators, shovels, loaders, graders and dozers) is forecast to rise from 141,470 in 2020 to 167,367 by 2025. This will be a CAGR of 3.4% from 2020 to 2025. The largest contributor to this growth is expected to be trucks, particularly smaller-sized trucks with shorter lifespans, used extensively in parts of Asia Pacific. Underground mining equipment is similarly expected to see a CAGR of 2.3% in this same time frame, with the number of mining trucks and loaders/LHDs in active underground mines expected to rise to 19,853 by 2025. GlobalData’s extensive mine-site research and equipment models have been used to build a complete view of mobile mining equipment populations globally for trucks, loaders, graders, dozers, excavators and shovels. This report includes informative breakdowns by each major region and key mining country, and also by major commodity. Read GlobalData’s Global Surface and Underground Mining Equipment: Populations & Forecast to 2025 for a complete view of the market, allowing you to best position yourself for the future.
by GlobalData
Enter your details here to receive your free Report.

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