Mbodlomani (ngiqale ngokukubulisa baba)
Funda lapha ngezansi uzoyithola impendulo yombuzo wakho. Bheka iShona elinguNdundzo selikhonya phambili already ngomnotho wakwaMthwakazi:
Us$5m Needed for Gas Exploration in Lupane
The Herald (Harare)
March 15, 2004
THE Lupane Gas Development Company requires US$5 million to establish the existence of adequate reserves, the chairman of the board Mr Mike Ndudzo has said.
Preliminary drilling by private concession holders and information on the geological formation of the gas reserves has established the existence of gas in Lupane and the major challenge facing the firm now is to ascertain whether there are sufficient reserves.
The potential to exploit the methane gas, used in the manufacture of diesel and petrol, generate electricity and fertilisers and paraffin, could greatly benefit the country.
Fuel supplies, being the cogwheel that drives the national economy, however, dwindled substantially over the past four years nearly grounding all sectors of the economy.
The downstream oil industry plays an important role in the economy as all petroleum products are imported and Zimbabwe spends in excess of US$50 million on fuel imports a month.
Mr Ndudzo said at a board meeting held recently, the Lupane Gas Development Company was tasked to develop the project feasibility study and raise the required resources in a "coordinated and accelerated fashion".
"One of the major challenges facing the board is sourcing of technical and technological partners from friendly source countries and willing global partners.
"At present, China, Iran and Malaysia are the potential technical and development partners," said Mr Ndudzo, who is also the general manager of the Industrial Development Corporation.
The Lupane Gas Development board comprises members from both the private and public sector including the Zimbabwe Mining Development Corporation, the Zimbabwe Power Corporation, IDC and TA Holdings.
Other companies whose members are on the board include Shangani Energy Exploration, Afpenn, Discovery and Chemplex Corporation.
In February 1999, two US investors and a local mining firm, Zimbabwe Mining and Smelting Company (Zimasco), announced the discovery of 500 billion cubic metres of sulphur-free methane gas in a 177 square-kilometre basin near Lupane in Matabeleland North.
The investors set up a joint venture called Shangani Energy Exploration.
"Given the positioning of the Lupane Gas Project at national level, the board believes that professional execution should drive the process
"In this regard, the board agreed to ensure that the research support group comprising the Scientific and Industrial Development Centre (SIRDC), the Mining Research Institute of the University of Zimbabwe, the geological survey and the School of Mines are co-opted into future meetings and activities," said Mr Ndudzo.
He also added that the board was actively seeking the participation by resident Lupane investors and stakeholders in line with Government policy of empowerment and ownership by the local community where reserves are based.