Maris Capital

INVESTING IN GROWTH IN AFRICA

Venice Mine Complex

In 2015, Maris acquired Venice Mine Complex in Zimbabwe. Venice Mine is a complex of 8 mines with extensive underground and surface infrastructure and over 100 years of recorded production. Venice Mine started production in 1906 and has produced over 20 tonnes (650,000oz) of Gold throughout its life.

Venice Mine Complex was closed down in 2002 whilst under the management of Falcon Gold Zimbabwe Limited citing a lack of adequate exploration and development on the mine, deteriorating economic climate in Zimbabwe and a low gold price. The company complies with local and international regulations, including the IFC Performance Standards on measuring, mitigating and reporting its environmental and social impact. The company is working closely with the local community and small scale miners and is seeking to develop a mining outreach model to support the legitimisation and improved mining practices of local artisanal miners.

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Sector: Mining

Country: Zimbabwe

Website: NA