Engineering firm, Baldmin Holdings, has diversified into gold mining following the successful acquisition of gold concessions in Chegutu and Kadoma, Business Times can report.
The company has also acquired a 30% shareholding in Chandiwana Mines which partly owns Zvishavane based gold producer, Sabi Gold Mine.
Baldmin Holdings CEO Costa Takawira said the company has since splurged about US$2.8m on mining equipment, which have since been delivered at the Chegutu premises.
“We have been assisting people in terms of equipment then we said there is no harm in us venturing into mining. We went into an agreement with Malitech Holdings in Chegutu and we have a claim with 200 hectares and then we said lets open a new division which is now called Baldmin Mining,” Takawira told Business Times this week.
“We bought new land recently where there is adequate water and closer to power which will reduce the costs. We have moved equipment worth US$2.8m to Chegutu.”
He said Baldmin has also installed a processing plant which is now 80% complete.
It has developed shafts and there are current efforts to put hoists.
Recently, Baldmin was awarded a multi-million-dollar contract in Tanzania to design, manufacture, install and commission a gold processing plant which will process 250 000 tonnes per month.
This project is worth over US$18.5m which was earmarked to boost employment in Zimbabwe, South Africa and locals in East Africa.
Baldmin also constructed a Matte Crushing Plant project at Unki Mine in Shurugwi.It also successfully completed the refurbishment works at Sabi Gold mine which was on care and maintenance.
Besides Sabi, Baldmin has been involved in maintenance programmes at Redwing mine, Shamva and How Mine in Bulawayo.