Read Aloud the Text Content
This audio was created by Woord's Text to Speech service by content creators from all around the world.
Text Content or SSML code:
Zambesi Gold, an African mining company that specialises in the acquisition and development of mining assets, announced the purchase of a gold plant from one of South Africa’s gold producers in Carletonville. The 750-ton crane was used to transport the 120 thousand tons per month mining capacity gold mills from Carletonville to Middlevlei Mine 40km away. Zambesi gold has 20-year mining rights on Middelvlei Gold Mine. The event kickstarted Zambesi's largest relocation up to date, and the Executive Mayor of Rand West Municipality, Gladys Khoza, accompanied by the local community, came out in support. The new mill should see a boost in productivity at Middelvlei Mine; job creation in the surrounding area; and development in the community. Zambesi Gold aims to increase gold mining efficiency – but the move is expected to result in job creation and community improvement in the nearby towns of Randfontein and Carletonville. The move is also unique in that 25 persent of the profit gold from all mining acquisitions by Zambesi Gold will be vaulted, benefiting all Zambesi Gold Token holders. While Zambesi Gold is backed by gold mining operations, aims to lead the transition from mining assets to fully backed digital assets. Therefore it is imperative to show how the relocation will positivly impact the performs of the degital currency named the ZDG token, currently availible on Bitmart exchange.