Mnangagwa tells mining firms to 'use it or lose it'

Mnangagwa tells mining firms to 'use it or lose it'
Published: 16 March 2019 (127 Views)
President Mnangagwa has said mining companies holding onto claims should either use them or risk losing them to the State even if they are paying fees to keep the claims. He said there were some big conglomerates that have been holding on to mining claims for more than 60 years, thereby denying new players an opportunity to venture into the mining sector.

Responding to questions from the floor during the inaugural youth indaba in Harare yesterday, President Mnangagwa said there were enough pieces of legislation in the statute books that empowered the Mines and Mining Development Minister to acquire such claims.

"In the mining sector, we have come to realise that most of the minerals discovered or known have been claimed by companies that are not using those claims at all," said President Mnangagwa. "They just registered the claims across the country for either speculation or for future extraction. You rarely find free, unpegged or areas where there are no claims in the country.

"So, to create opportunities for young generation coming into the market, we have introduced the policy of use it or lose it. So if you have a claim which you do not use, you lose it to the State.

"Just yesterday in Cabinet, we realised that we have adequate pieces of legislation already in existence in our statute books which gives the Minister of Mines power to acquire such claims. We have big mining companies who own vast tracts of land which they have claimed.

"Whether you are paying annual fees to keep the claim, we are saying no. Use it or lose it, whether you are paying for these claims.

"We are doing this because we have discovered the need which has come to us from many young people who have come together who want to be assisted to do some mining projects, but then they fail to secure claims because they have been secured 50, 60 years ago, 100 years ago, by mining conglomerates."

President Mnangagwa said Government secured funding from China to buy machinery for those who want to venture into small-scale mining in groups.

"We have a financial window in the Ministry of Mines supported by our friendly country of the People's Republic of China where we have applied for mining equipment to support groups who register," said President Mnangagwa.

"We don't want you to just go around mining without mining using proper methods. If you come together as a group and follow the laid down procedures, we will support and empower you. We will grant you the opportunity to set up your mining operations."

With regards to land, President Mnangagwa said Government was ready to assist young people who come together in groups to start income-generating projects. He said there were also vast opportunities that the youths could exploit in the tourism sector and other industries such as ICT. The youth indaba was organised by the Ministry of Youth, Sport, Arts and Recreation for young people to have direct engagement with President Mnangagwa.

Vice President Dr Constantino Chiwenga also attended the indaba, which was running under the theme: "My future is today." Youth, Sport, Arts and Recreation Minister Kirsty Coventry chaired the discussion where youths from various organisations posed questions to President Mnangagwa.

- the herald

 0

You May Like These Videos

Comments

There are no comments.

Latest stories

Mugabe Aeroplanes sold for $12.5 million

by Mandla Ndlovu | 20 March 2019 | 186 Views

Chamisa opens up on his visit to Manicaland

by Mandla Ndlovu | 20 March 2019 | 180 Views

NetOne outpaces competitors, active subscriber base balloons

by Ndou Paul | 20 March 2019 | 123 Views

South Africa send support to Cyclone Idai-hit Manicaland

by ZimLive | 20 March 2019 | 128 Views

How to choose the right powder welding machine

by Tech Reporter | 20 March 2019 | 83 Views

No one will die of hunger, Mnangagwa tells cyclone victims

by Staff reporter | 20 March 2019 | 101 Views

Mnangagwa off to affected areas

by Staff reporter | 20 March 2019 | 87 Views

Mohadi opens tobacco selling season

by Staff reporter | 20 March 2019 | 98 Views

This is not it Mr Mnangagwa!

by Editorial - Daily News | 20 March 2019 | 129 Views

Obert Mpofu to appear before Bulawayo court

by Staff reporter | 20 March 2019 | 100 Views

Mnangagwa, Chamisa cannot lead dialogue

by Staff reporter | 20 March 2019 | 93 Views

Uproar over illiterate councillor

by Staff reporter | 20 March 2019 | 89 Views

Kwekwe VID receiving bribes in exchange for drivers' licences

by Staff reporter | 20 March 2019 | 92 Views

Lupane school forced to close over goblins

by Staff reporter | 20 March 2019 | 86 Views

Mnangagwa plans to stop using army in demos

by Staff reporter | 20 March 2019 | 116 Views

Government sells NetOne and TelOne

by Mandla Ndlovu | 20 March 2019 | 147 Views

How Prophet Isaiah Sovi foretold Cyclone Idai

by Mandla Ndlovu | 20 March 2019 | 179 Views

'Joshua Nkomo made Mugabe the leader of ZANU in 1975'

by Mandla Ndlovu | 20 March 2019 | 149 Views

Water shortage to increase in Harare

by Mandla Ndlovu | 20 March 2019 | 115 Views

#Cyclone Idai: Mnangagwa on the ground

by Staff reporter | 20 March 2019 | 113 Views

Zesa gets new board

by Staff reporter | 20 March 2019 | 101 Views

Chamisa wants MPs to push for Department of Civil Protection reform

by Staff reporter | 20 March 2019 | 109 Views

Heavyweights vie for ZACC posts

by Staff reporter | 20 March 2019 | 88 Views

Leyland eyes Zimbabwe bus plant

by Staff reporter | 20 March 2019 | 109 Views

Potraz summons Liquid over tariff hike

by Staff reporter | 20 March 2019 | 89 Views

ZCTU bosses' freedom bid quashed

by Staff reporter | 20 March 2019 | 53 Views

Over 100 trucks transporting Zimbabwe wheat stuck in Mozambique

by Staff reporter | 20 March 2019 | 91 Views

Ex-Zanu-PF Senator sued over $368k power debt

by Staff reporter | 20 March 2019 | 105 Views

Bulilima West MP bemoans absence of referral hospital

by Staff reporter | 20 March 2019 | 91 Views

MP takes council to task over floods

by Staff reporter | 20 March 2019 | 83 Views

Men jailed 2 years for defacing Mnangagwa banner

by Staff reporter | 20 March 2019 | 91 Views

Man (21) kills brother (15) over food

by Staff reporter | 20 March 2019 | 94 Views

Headman leaves behind 35 children

by Staff reporter | 20 March 2019 | 105 Views

Mash Central MDC youth leader out on bail

by Staff reporter | 20 March 2019 | 49 Views