Maris Capital

INVESTING IN GROWTH IN AFRICA

Venice Mine Complex

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. Venice Mine Complex was acquired by Maris in 2015, with a plan for reinvigoration in a phased approach. The first phase is the establishment of a Carbon in Leach (CIL) tailings retreatment operation. The second phase would bring the satellite mines into produc­tion, largely using existing infrastructure. The third phase would return the main Venice mine to full production, including significant investment in additional infrastructure. 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: 
http://venicemines.com/