Zimbabwe govt licenses companies for riverbank mining

Zimbabwe govt licenses companies for riverbank mining
Published: 21 July 2019 (1206 Views)
THE Government has licensed 11 companies to partner the Zimbabwe Mining Development Corporation (ZMDC) to embark on riverbank mining as it forges ahead to increase production of the yellow metal.

In an interview on the sidelines of the Mine Entra mining conference last Thursday, Mines and Mining Development Deputy Minister Polite Kambamura said the Government has licensed 11 companies to enter into a joint venture with ZMDC to extract gold on the banks of the country's major rivers with more miners expected to be granted licences soon.

"There are 11 companies, which we licensed to do riverbank mining but with an overwhelming response of miners coming to our offices asking about the same we have set up a committee, which will deliberate on the modus on how best we will structure management of riverbank mining.

"As you may be aware we have plenty rivers in our country, which are gold rich but we want the gold to be systematically mined for the benefit of the country.

That's why we have set up a committee in the ministry, which will be spearheading that process," he said although he added it was too early to reveal the names of the companies.

Dep Minister Kambamura said upon setting up proper structures to manage extraction of the yellow metal along the country's water sources the ministry would call for more players to partner ZMDC in tapping the mineral.

"After we have come up with proper management systems we will issue a press statement inviting companies to come and apply for river bed mining," he said.

The production of alluvial gold, present along all the major rivers draining the greenstone belts, has largely been the domain of illegal gold panners.

Meanwhile, Dep Minister Kambamura said a crack Gold Mobilisation team disbursed by the ministry early this year to investigate activities at all the country's gold centres after suspicions of underhand dealings and failure to account for the yellow metal processed at their plants has discovered a number of irregularities and anomalies, which point out to leakages.

"We noted that a lot of gold milling companies are not keeping records of their production-gold ore milled on their site, their monthly or weekly production and elusion results.

There are no records and that's a thing of concern.

The Mines and Minerals Acts say they should be keeping production reports," he said.

Dep Minister Kambamura said milling companies that would be found to be involved in underhand dealing risk being closed.

"They should be keeping reports of all the ore that comes to their milling plants, so we suspect there is something fishy going on.

There are investigations going on to try and see what exactly is going on and how Government can intervene and come up with policy intervention in that regard.

If we find anyone offline we will close down the milling centre," he said.

- SundayNews

Tags: ZMDC, Mining, Rivers,
 0

You May Like These Videos

Comments

There are no comments.

Latest stories

Europe sends a strong message to Mnangagwa

by Mandla Ndlovu | 20 August 2019 | 95 Views

Jonathan Moyo, Kirsty Coventry mourn Mnangagwa's 'love-rival'

by Mandla Ndlovu | 20 August 2019 | 84 Views

Our 'scoop' obsessed jurnos, first things first

by Tondorindo Murisa. | 20 August 2019 | 51 Views

A Letter to Zimbabwe National Army Officers

by Poverty-Stricken Zimbabwean | 20 August 2019 | 76 Views

Chamisa's hired soldiers caught with their pants down

by Dr Masimba Mavaza | 20 August 2019 | 80 Views

European Union shocks Mnangagwa's government

by Mandla Ndlovu | 20 August 2019 | 69 Views

Rebecca Malope retires

by Mandla Ndlovu | 20 August 2019 | 111 Views

The Crocodile in Crisis

by The Times | 20 August 2019 | 137 Views

'Zimbabwe to issue cash notes soon'

by Bloomberg | 20 August 2019 | 191 Views

Zimbabwe youths rally behind Chief Ndiweni

by Mandla Ndlovu | 20 August 2019 | 142 Views

Zimbabwean woman forced to give birth standing up in South Africa

by Staff reporter | 20 August 2019 | 147 Views

Open letter to Jacob Mudenda: What was your role during Gukurahundi?

by Nicholas Ncube | 20 August 2019 | 102 Views

Moral authority is a pre-requisite for Good Governance

by Big Monday with Tinashe Eric Muzamhindo writes: | 20 August 2019 | 78 Views

Zimdiaspora in final push

by Thabo Makuyana | 20 August 2019 | 94 Views

WATCH: Soldiers in Gweru march on behalf of Chamisa's MDC

by Staff reporter | 20 August 2019 | 180 Views

August 16 exposes the MDC's insincerity

by Nobleman Runyanga | 20 August 2019 | 80 Views

Mnangagwa 'love rival' dies

by Staff Reporter | 20 August 2019 | 136 Views

State effects a de facto ban on civilian politics

by Luke Tamborinyoka | 20 August 2019 | 87 Views

Chitembwe signs Harare City deal

by Staff reporter | 20 August 2019 | 80 Views

Zanu-PF congratulates Mnangagwa

by Staff reporter | 20 August 2019 | 82 Views

Govt hires 19 doctors

by Staff reporter | 20 August 2019 | 85 Views

Duo in trouble for assaulting ex-mayor

by Staff reporter | 20 August 2019 | 76 Views

Kambarami and Chigora found not guilty

by Staff reporter | 20 August 2019 | 86 Views

BREAKING: Bomb scare in Bulawayo

by Staff reporter | 20 August 2019 | 87 Views

Match fixing scandal rocks Zifa Southern Region

by Staff reporter | 20 August 2019 | 73 Views

Chunga not qualified to coach TelOne side

by Staff reporter | 20 August 2019 | 88 Views

Zanu-PF hails Sadc

by Staff reporter | 20 August 2019 | 70 Views

Teen gangster pleads guilty

by Staff reporter | 20 August 2019 | 65 Views

No pay, no invigilation: Zimsec told

by Staff reporter | 20 August 2019 | 62 Views

Chamisa raises ante against Mnangagwa

by Staff reporter | 20 August 2019 | 76 Views

Police ban MDC Gweru demonstrations

by Mandla Ndlovu | 20 August 2019 | 52 Views

Zanu-PF vows resistance against MDC 'regime change' plot

by newzimbabwe | 20 August 2019 | 48 Views

MDC's campaign for Chief Ndiweni release worrisome

by Editorial - Newsday | 20 August 2019 | 65 Views

Rural teachers chicken out

by Staff reporter | 20 August 2019 | 39 Views

Protests a form of feedback

by Zanda Shumba | 20 August 2019 | 39 Views