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Zimbabwe's exports to the UAE are underpinned by the mineral resources – precious metals, including gold and diamonds – that the southern African country holds in abundance.
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The three veins of gold and silverbearing ribbon quartz varied from three feet to ten feet wide. Two 200 horsepower steam boilers powered both a generator for lighting purposes and the compressors that ran the air drills and the water pump. Mules inside the mine hauled oneton ore carts. The ore was carried to the thirty stamp mill.
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In 2012, the mill processed 1,54 million tonnes of ore, up 20% compared to the previous year," read part of the Johnson Mathey report. The CoMZ September report shows gold remains the country's main contributor to mining revenue despite production falling by 17,4% in the nine months of 2013 to September due to low international prices.
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MMTC was the pioneer in setting up assay and hallmarking units for testing purity of gold and silver. Besides organizing major jewellery exhibitions in India abroad, MMTC also has a medallion manufacturing unit for minting of Gold/Silver medallions.
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Whatever may happen with the daytoday price of "paper gold," all of the physical metal, from every mine, mill and refinery in the world, has a buyer for every ounce. A Different Kind of ...
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