Eureka to set up 7MW solar facility

Dallaglio Investments

As part of its effort to provide its operations with a stable power supply, Dallaglio is investing in a 7MW solar facility at its Eureka Mine in Guruve.

Rudairo Mapuranga

Through an Australian company named Solar Century Africa, which will offer appropriate power supply for mining operations, Dallaglio plans to ensure Eureka Gold Mine‘s power requirements are met.

Dallaglio has invested heavily in the Eureka Mine, re-opening it in 2021 after it had been closed for two decades. The mine is now one of the largest and most technologically advanced gold mines in Zimbabwe, and it is a major employer in the Guruve district.

In a presentation presented by ZIDA CEO Tafadzwa Chinamo during the 21st edition of the Africa Down Under Conference held in Australia, which was running under the theme “Accelerating the Future of Mining in Africa,” it was said that “the team met Solar Century, an investor coming to Zimbabwe to set up a solar plant for Eureka Mine that will generate about 7 MW.”

This initiative is led by Chris Kanani, the Head of Development, and Jason De Carteret, the Head of Solar Century Africa, both of whom have provided extensive input on their experiences in Zimbabwe.

According to Padenga’s half-year financial figures, which ended in June, Dallaglio produced 1080 kg of gold, a 16% increase over the previous year, when gold output was 933kg, aided by production from the Eureka Mine.

“For the second year running, Eureka Mine continues to deliver robust performance, contributing significantly to volume growth and profitability,” Padenga said.

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Meanwhile, Solar Century’s licensing procedure is underway, and their team is on its way to Harare, Zimbabwe.

Some of the key takeaways from the meeting include the fact that the majority of the Australian investors who attend are former Zimbabweans who understand the mining and energy potentials and are still interested in re-investing. However, Australian investors are interested in investing in Zimbabwe’s mining and energy sectors but are primarily concerned about financial and asset security issues.

Following the debut of ZIDA’s mining claims matchmaking platform, investors have stated that additional effort is needed to establish trust and confidence in the platform.

The mining industry is on track to reach a US$12 billion mining economy by the end of this year.

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