The Volvo Penta brand is making inroads into Zimbabwe’s industrial and mining sectors.
Volvo Penta has been in existence since the start of the 20th century. Could you introduce the brand and provide an overview of your operations in Zimbabwe?
Our industrial side of the business is spread over Zimbabwe as a whole and we also service the southern region of Zambia. The marine side of the business is located in Kariba, in the north of the country. We have held the Volvo Penta agency since 2000. We saw an opening in the industrial market segment and opened an industrial office in Harare to support the existing sector; Industrial Stationary Engines (Gensets, Pump Sets, etc.) already in the country and to provide an outlet to supply new sets into the market as well as to offer support in the mining sector with Versatile Engines. Volvo Penta is fairly new to the industrial market in Zimbabwe, but has been very successful so far; companies such as Sandvik have signed up with Volvo Penta and most of their new Loaders and Haulers are supplied with Volvo Penta power plants. Sandvik are impressed with the fuel economy, low emissions and reliability of these engines. Currently, the Zimplats Ngezi mine has 8 x TH430L Haulers(30T). Freda Rebecca gold mine currently has 3 LHD15 Loaders (15T). The growth in this side of our business depends on the demand for platinum from Zimplats and gold from Freda Rebecca. The machines run 24/7 and require servicing every eight to ten days.
Southern Africa has long profited from its mineral wealth, until recently. Mature mining destinations were the hardest hit by the collapse in commodity prices. At last the area is seeing some respite.
By Mungo Smith
IMAGE: Courtesy of Vermeer
The downturn in the prices of commodities has slowed down mining activity in Southern Africa over the last three years. Nonetheless, signs of recovery are evident. Immense mineral wealth, from diamonds in Botswana and Zimbabwe, to massive coal deposits in Mozambique and South Africa’s well-known gold reserves, continue to lure investors as commodity prices recover gradually and governments undertake efforts to boost mining activity. Continue reading
“Innolead is looking to expand to the South African, Namibian, and Zambian markets in the future.”
Founded in 2002, can you speak to InnoLead’s portfolio and how it has evolved over time?
Oabona M. Kgengwenyane (OMK): InnoLead was conceptualized around assisting the mining industry and the Botswana government’s project management and growth capabilities. Our expertise is capacity building, as these projects always have an expected return on investment. With a heavy amount of required capital, mining operations need to be implemented in the smartest way possible, thusly project management tools are essential. Continue reading
“Most of the Tarcon’s competition comes from South Africa.”
Tarcon does a tremendous amount of work across many industries in Zimbabwe. Please provide us with an overview of Tarcon’s operations and its involvement in the mining industry.
Lawrence Gudo (LG): Tarcon is one of the leading construction, mining, and property-development companies in Zimbabwe, and has been in operation for the past 35 years. In regards to mining, Tarcon provides turnkey, opencast mining, contract mining, and infrastructure development services to some of the major mining houses in Zimbabwe. Rio Tinto, through Murowa Diamonds, has been our client for the past 11 years. Continue reading
Angola is rich in iron, copper, gold, diamonds, and other minerals.
Angola is generally known as oil-rich nation; oil accounts for 50% of the country’s GDP, 80% of the government’s revenues, and 90% of exports. Whereas Angola’s economy grew by an average rate of 20% between 2005 and 2007, growth slowed to 4.7% in 2014 as a result of falling oil prices. In an attempt to diversify its economy, Angola has began to develop sectors Continue reading
Recent restructuring will increase ministry’s efficacy in dealing with regional issues.
The Zimbabwean Ministry of Mines and Mining Development has recently been restructured. Can you give us an overview of the main changes in the governing model?
Professor Francis P. Gudyanga (FPG): Over the last two years, Zimbabwe has restructured its Ministry of Mines and Mining Development. We now have five mining districts and provincial offices with the mining director at the head of each office. While Zimbabwe has ten provinces, there will be eight provincial mining offices, as the metropolitan province of Harare and Continue reading
Zimbabwe’s undervalued mining industry struggles to attract investors.
Once labeled the breadbasket of Africa, Zimbabwe’s mineral wealth remains undisputed, yet the country has a long road ahead to reclaim its place as a major mining destination. Zimbabwe had initially built its mining sector on its vast gold reserves distributed in its Archean terrain, which boasts one of the world’s highest yields per square kilometer. Over the last ten years platinum has taken the spotlight, as Zimbabwe sits on the world’s second largest platinum reserves after South Africa. The country is the fourth largest diamond producer in the world and contains an estimated 30% of global diamond resources, with the Marange fields responsible for the majority of the country’s diamond production. Continue reading