Min­ers’ fed­er­a­tion to set up gold ser­vice cen­tres

Chronicle (Zimbabwe) - - Business - Love­more Zi­gara Busi­ness Cor­re­spon­dent

THE Zim­babwe Min­ers’ Fed­er­a­tion (ZMF) will soon set up gold ser­vice cen­tres in seven prov­inces as part of ef­forts to boost out­put.

ZMF will part­ner the Re­serve Bank of Zim­babwe and the Zim­babwe School of Mines as well as lo­cal min­ing en­gi­neer­ing firm, Yag­den En­gi­neer­ing, to come up with a spe­cial pur­pose ve­hi­cle to run the ser­vice cen­tres.

The ser­vice cen­tres will be lo­cated in Shu­rugwi (Mid­lands), Vhovha and Iny­athi (Mata­bele­land South) and Odzi (Man­i­ca­land).

The other cen­tres will be Ban­ket (Mashona­land West), Mt Dar­win (Mashona­land Cen­tral) and Makaha in Mashona­land East.

ZMF chief ex­ec­u­tive of­fi­cer, Mr Welling­ton Takavarasha said un­der the part­ner­ship, Yag­den would pro­vide min­ing equip­ment for use by smallscale min­ers while the Cen­tral Bank through Fi­delity Print­ers and Re­fin­ers will fi­nance the ex­er­cise in a move meant to un­lock value and po­ten­tial of smallscale min­ers.

The Zim­babwe School of Mines will pro­vide the tech­ni­cal ex­per­tise, he said.

“We’ve al­ready iden­ti­fied the ar­eas and we’re still work­ing on the modal­i­ties so that we roll out the ex­er­cise in the seven prov­inces.

“We hope to be mov­ing by the end of the year. We’re part­ner­ing the RBZ and Yag­den En­gi­neer­ing so that small-scale min­ers have equip­ment to boost pro­duc­tion,” he said.

Statis­tics re­leased by Fi­delity Print­ers and Re­fin­ers show that small-scale play­ers pro­duced 3,9 tonnes of gold in the first half of this year.

Last year small-scale min­ers con­trib­uted 7, 3 tonnes of the more than 17 tonnes of gold pro­duced by the coun­try.

Gold out­put this year is ex­pected to shoot up to 24 tonnes buoyed mainly by ex­pected in­crease from small-scale min­ers.

Small-scale min­ers will soon take de­liv­ery of $5 mil­lion worth of min­ing equip­ment from China. — @lavuzi­gara1

Mr Welling­ton Takavarasha

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