{"id":78251,"date":"2023-05-25T07:17:30","date_gmt":"2023-05-25T05:17:30","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/power-outages-dent-riozim-production"},"modified":"2023-05-25T10:44:18","modified_gmt":"2023-05-25T08:44:18","slug":"power-outages-dent-riozim-production","status":"publish","type":"post","link":"https:\/\/www.africa-press.cc\/zimbabwe\/all-news\/power-outages-dent-riozim-production","title":{"rendered":"Power outages dent RioZim production"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Zimbabwe. <\/strong><\/span>GOLD production at Cam &amp; Motor Mine \u2014 one of RioZim Limited\u2019s flagship operations \u2014 increased 92% in the first quarter of this year on the back of the Biological Oxidation (BIOX) plant that came into operation last year.<\/p>\n<p>RioZim\u2019s mining operations include Renco Gold Mine, Cam &amp; Motor Gold Mine, and Empress Nickel Refinery. It also has interests in Sengwa Colliery, Murowa Diamonds, and Maranatha ferrochrome refinery.<\/p>\n<p>In a trading update for the first quarter ended March 31, 2023 RioZim said the operating environment continued to be challenging throughout the quarter as inflation and exchange rates soared.<\/p>\n<p>Power supply challenges also worsened as the country experienced acute load shedding, which negatively impacted productive industries as alternative power sources come at a high cost of production, putting pressure on profitability and business sustenance.<\/p>\n<p>\u201cProduction increased by 92% from the comparative prior year\u2019s first quarter. This was on the back of the Biological Oxidation plant that came into operation in Q2 2022 (second quarter of 2022), which has enabled the mine to upscale production volumes,\u201d the company said.<\/p>\n<p>\u201cDespite the notable improvement in production from the prior year, the BIOX plant is currently operating below name plate plant capacity and the focus in the current year is to continue upscaling production to the full capacity of the plant.\u201d<\/p>\n<p>Dalny Mine operated under full care and maintenance throughout the quarter. The mine embarked on small-scale mining operations to reduce the cash flow impact of the fixed care and maintenance costs and production is expected from the second quarter of this year.<\/p>\n<p>Production at Renco Mine fell by 2% from the same period in the prior year.<\/p>\n<p>\u201cPower supply challenges worsened during the quarter due to load shedding and unstable power infrastructure,\u201d it said.<\/p>\n<p>\u201cThe mine is focused on stabilising power supply to the mine to achieve stable production and various initiatives are being pursued including, among other efforts, investment in additional generators to increase capacity and coverage of the key activities in the mine\u2019s production critical path.\u201d<\/p>\n<p>The group\u2019s associate, RZM Murowa recorded a 20% increase in production compared to the same period in the prior year due to increased throughput and plant capacity after commissioning the 500 tonnes per hour plant in the third quarter of last year. The mine continues to process material from its low grade stockpiles. The mine is also expanding its exploration activities which are mainly centred on extending the life of its pits with a view to resuscitate mining operations in the current pits.<\/p>\n<p>The Empress Nickel Refinery remained under care and maintenance throughout the quarter.<\/p>\n<p>The group\u2019s focus during the year, the company said, was to stabilise power supply across all its operations to ensure consistent plant throughput.<\/p>\n<p>\u201cThe group continues to invest in alternative power supply albeit coming at a higher cost of production,\u201d it said.<\/p>\n<p>Exploration remains at the centre of the group\u2019s expansion drive, hence the focus on expanding its exploration activities across its resource portfolios and upgrading the resources of the producing mines to increase the confidence levels.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/zimbabwe\">Zimbabwe<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Zimbabwe. GOLD production at Cam &amp; Motor Mine \u2014 one of RioZim Limited\u2019s flagship operations \u2014 increased 92% in the first quarter of this year on the back of the Biological Oxidation (BIOX) plant that came into operation last year. RioZim\u2019s mining operations include Renco Gold Mine, Cam &amp; Motor Gold Mine, and [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":78250,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6],"tags":[1493,2189,19],"class_list":{"0":"post-78251","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all-news","8":"category-economy","9":"tag-africa-press","10":"tag-africa-press-zimbabwe-2","11":"tag-zimbabwe"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.1 (Yoast SEO v24.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Power outages dent RioZim production - zimbabwe<\/title>\n<meta name=\"description\" content=\"GOLD production at Cam &amp; Motor Mine \u2014 one of RioZim Limited\u2019s flagship operations \u2014 increased 92% in the first quart ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/power-outages-dent-riozim-production\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Power outages dent RioZim production\" \/>\n<meta property=\"og:description\" content=\"GOLD production at Cam &amp; 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