Resources continue to be a major growth driver across the African continent. Significant opportunities exist in investment in small to mid-sized assets, as these mines can be highly profitable, but are often too small for larger mining organisations to concentrate on. The Mining division has specialised in turning around small to mid-sized high grade, stranded gold assets and has developed a portfolio of gold mines in Kenya and Zimbabwe.
The success of any mining project depends on creating a mutually beneficial relationship with our communities. Maris' mines have become hubs for technical training and social development, and have brought roads, water, power, medical and teaching facilities to their local areas. Our Mining Division has a strong focus on social responsibility, including responsibility to its employees, communities and the environment in which it operates. It complies with local and international regulations, including the IFC Performance Standards on measuring, mitigating and reporting its environmental and social impact.
Karebe Gold Mining Limited is Kenya’s only operating gold mine and operates three separate mines Equatorial, Rock Corry and Boma Mines. Gold was first discovered in the region in the 1940’s, during which time a number of small scale mines were developed in the area. However, mining activity came to a halt after independence and was commercial mining was only reintroduced by Maris in 2008. KGML has grown to nearly 300 employees and is one of the largest private sector employers in the region. Over 90% of KGML employees are from the local area.
Venice Mine Complex is a complex of mines in Zimbabwe that holds 106 mining blocks covering an area of approximately 2,660 hectares. It has extensive underground and surface infrastructure and over 100 years of recorded production. VMC was closed down in 2002 whilst under the management of Falcon Gold Zimbabwe Limited citing a lack of adequate exploration and development on the mine, deteriorating economic climate in Zimbabwe and a low gold price.
Venice was acquired by Maris in 2015, with a plan to reinvigorate the mine complex in a phased approach. The first phase has seen the establishment of a Carbon in Leach (CIL) tailings retreatment operation to treat the 2.1 million tons of tailings material. The second phase is bringing the satellite mines into production, largely using existing infrastructure. The third phase will see the return of the main Venice mine to full production, including significant investment in additional infrastructure.
In 2013, Maris, in partnership with managing director David May, invested in the Commoner Mine to bring it back into production. Commoner Mine was closed in the early 1980’s by the Falcon Group of Mines and laid dormant until the purchase by Maris. Within the group are 32 mining blocks covering 5 old mines; Bee Mine, Bee Eater Mine, Pamela Mine, Commoner Mine and Welcome Back Mine. The largest mine, Commoner, produced over 4 tonnes of gold during its working lifetime. Over the past 4 years the company has rehabilitated the infrastructure and operations and commenced an open pit mining operation.