• Sun. May 26th, 2024

Baldmin Projects inks lucrative deal with Chinese firm

ByETimes

Apr 22, 2024 #Baldmin Holdings

By Stephen Chandisareva

HARARE – Baldmin Holdings has entered into a partnership with Henan Fote Heavy Machinery of China, which will see it distribute and sell warehouse spares, mining equipment and other engineering-related equipment.

The agreements also allow Baldmin projects to assemble some of the equipment in Zimbabwe and South Africa, including the sharing of designs.

“We are so far the only company in Africa to be trusted with FTM to handle and assemble its equipment in the region and after 3 years, we will be the exclusive agent in sub Saharan territory for the group,” the company said in a statement.

This comes at a time when the new dispensation is promoting investments in the country by locals in partnership with foreign companies in line with Vision 2030.

Eng Costar Takawira is excited to be part of this venture and believes that it will create employment in the country, bring required foreign currency, and boost the economy.

He said this during their recent visit to China after being invited by several companies who are willing to work with them in Zimbabwe.

“The trip was a success, and more is to come in the near future,” he said.

Baldmin Projects was awarded a big tender in the Midlands region for Arum Mining for a complete gold processing plant and shaft sinking with a subcontractor.Installations and commissioning of phase one of the plant is scheduled for end of April 2024

The project is estimated to cost about US$1.4 million.

The plant is estimated at US$814 000 for engineering services, including civils and installations, and we have an additional order for phase two to put up a complete 20–50 tph crushing circuit.

They will work on the dump for now while developing shafts and a new plant to process the runoff mine.

The mine is wholly owned by a Zimbabwean family and partners who are determined to see the mining industry grow.

With such partnerships, more mining industries will benefit in the SADC region besides Zimbabwe.

Baldmin Holdings Group is currently putting up a massive warehouse and workshop in Harare, where they acquired a 7-hectare plot for the business.

Civil designs and structural drawings are now complete, and the works will commenced at the end of October 2023, which should run until February 2024.

Currently, Baldmin Projects is doing its work in granite site workshops until the new plant is finished, which will triple its production capacity and employ over 20 technicians in its assembly lines, including the machine shop.

State-of-the art machinery was procured in China through its South African company (head office) based in Benoni, and expected delivery is scheduled for the end of December 2023.

Baldmin’s track record in the mining industry back dates 2016 when they successfully took over Sabi Gold mine in Zvishavane which operates as Chandiwana with the partner CI and are now producing 42ks besides other projects for Anglo(Unki mines) and Glencore mines in DRC.

By ETimes

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