Business / Economy
Zimbabwe's gold production on a rebound
13 Oct 2017 at 15:34hrs | Views
Zimbabwe's gold production is on a rebound with the government targeting a 25 tonne output by year end.
The gold mining industry is key towards the growth of the economy with the small scale miners becoming the main source of earnings.
While the small scale miners are contributing more in terms of production, experts contend that availing concessionary loan facilities, providing training on research and exploration and amending the existing mining legislation are critical elements to increase viability.
Zimbabwe Institute of Engineers past president, Engineer Martin Manuwa said for the sector to register annual production levels of 30 tonnes, there is need for formalisation and mechanisation of the small scale miners
Tax Matrix Managing Director, Mr Malvern Tapera said while the small scale miners are forging ahead with increasing production processes, the need to expedite amendments to the Mines and Minerals Act is now crucial to increase volumes.
A chief mining expert at the University of Zimbabwe, Mr Spencer Kahwai asserted that with focus being on adapting to the modern trends of mining, adequate training is of greater importance.
The gold mining industry therefore needs close attention in terms of ensuring that the small scale miners are embraced within the mainstream systems to increase production and generate the much needed foreign currency.
The gold mining industry is key towards the growth of the economy with the small scale miners becoming the main source of earnings.
While the small scale miners are contributing more in terms of production, experts contend that availing concessionary loan facilities, providing training on research and exploration and amending the existing mining legislation are critical elements to increase viability.
Zimbabwe Institute of Engineers past president, Engineer Martin Manuwa said for the sector to register annual production levels of 30 tonnes, there is need for formalisation and mechanisation of the small scale miners
Tax Matrix Managing Director, Mr Malvern Tapera said while the small scale miners are forging ahead with increasing production processes, the need to expedite amendments to the Mines and Minerals Act is now crucial to increase volumes.
A chief mining expert at the University of Zimbabwe, Mr Spencer Kahwai asserted that with focus being on adapting to the modern trends of mining, adequate training is of greater importance.
The gold mining industry therefore needs close attention in terms of ensuring that the small scale miners are embraced within the mainstream systems to increase production and generate the much needed foreign currency.
Source - zbc
