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Mines crumbled due to failure by govt to compensate them for crumbled Zim Dollar
01 Nov 2015 at 08:25hrs | Views
House of Assembly member Peter Haritatos has said most of the mines in the country collapsed when the government failed to pay the for the gold they supplied during the Zimbabwe Dollar era.
Haritatos made the remarks during parliament directing his questions to Mines minister Walter Chidhakwa.
"My question is directed to the Minister of Mines and Mining Development. Hon. Minister, from 2009 up to now, Government has not paid the miners from Zimbabwe dollars up to the United States dollars," he said.
"A lot of mines have failed to re-open because of that. Can the Minister of Mines and Mining Development tell us when they are going to pay those miners?" But Chidakwa said
"I would like to thank the Hon. Member for asking that question. I think that question borders between the Ministry of Mines and Mining Development and the Ministry of Finance and Economic Development. Fidelity, which is our gold buying company, falls under the Ministry of Finance and Economic Development."
The minister said they are the sole buyers of gold in Zimbabwe.
"All payments therefore, for gold delivered to Fidelity will be done by Fidelity as a subsidiary of the Reserve Bank of Zimbabwe (RBZ). I think it will be better for the Hon. Member to direct his question to the Minister of Finance and Economic Development so that he can then ask the RBZ and Fidelity itself to provide the answer," he said.
Haritatos made the remarks during parliament directing his questions to Mines minister Walter Chidhakwa.
"My question is directed to the Minister of Mines and Mining Development. Hon. Minister, from 2009 up to now, Government has not paid the miners from Zimbabwe dollars up to the United States dollars," he said.
"A lot of mines have failed to re-open because of that. Can the Minister of Mines and Mining Development tell us when they are going to pay those miners?" But Chidakwa said
"I would like to thank the Hon. Member for asking that question. I think that question borders between the Ministry of Mines and Mining Development and the Ministry of Finance and Economic Development. Fidelity, which is our gold buying company, falls under the Ministry of Finance and Economic Development."
The minister said they are the sole buyers of gold in Zimbabwe.
"All payments therefore, for gold delivered to Fidelity will be done by Fidelity as a subsidiary of the Reserve Bank of Zimbabwe (RBZ). I think it will be better for the Hon. Member to direct his question to the Minister of Finance and Economic Development so that he can then ask the RBZ and Fidelity itself to provide the answer," he said.
Source - Byo24News
