Venice Mine Complex (VMC) started production in 1906 and has produced over 20 tons (650,000oz) of Gold throughout its life. VMC was closed down in 2002 whilst under the management of Falcon Gold Zimbabwe Limited (who had held the mine complex for several decades). In 2007, Central African Gold acquired a majority shareholding in Falcon Gold Zimbabwe Limited. Central African Gold was subsequently taken over by New Dawn Mining PLC in 2010. New Dawn Mining PLC made an attempt to restart operations at VMC in 2012, but this was halted owing to internal financial constraints. New Dawn Mining delisted in 2013 and began divesting some of its assets.
In 2015, the Maris group and Mining Division manager David May acquired Venice Mine Complex (VMC).
Phased Approach to the Reinvigoration of VMC
Carbon in Leach (CIL) tailings retreatment – Establishing a CIL tailings retreatment operation to treat the 2.1 million tons of tailings material.
Reinvigorating satellite mines with current infrastructure.
Returning the main Venice mine to full production – Significant investment in infrastructure and human resource to return the main Venice mine and other mines to full production.