Fidelity Print­ers to sign MoUs with equip­ment sup­pli­ers

Sunday News (Zimbabwe) - - Front Page -

FIDELITY Print­ers and Re­fin­ers (FPR) will soon sign a Me­moran­dum of Un­der­stand­ing (MoU) with a num­ber of se­lected com­pa­nies for the sup­ply of min­ing equip­ment to ben­e­fi­cia­ries of its Gold De­vel­op­ment Ini­tia­tive Fund (GDIF) as part of its ef­forts to con­tin­u­ously ramp up pro­duc­tion of the yellow metal.

Ad­dress­ing min­ers at the Bu­l­awayo Gold Min­ing Con­fer­ence on Thurs­day last week GDIF head Mr Matthew Chi­davaenzi said as part of ef­forts to en­sure trans­parency and de­liv­ery of ap­pro­pri­ate min­ing ma­chin­ery to ben­e­fi­cia­ries of the loan fa­cil­ity, FRP was in the process of sign­ing con­tracts with rep­utable min­ing ma­chin­ery sup­pli­ers.

FPR’s de­ci­sion to en­ter into agree­ments with se­lected sup­pli­ers comes af­ter re­al­i­sa­tion and com­plaints from a num­ber of small-scale min­ers that some of the com­pa­nies, which it has been deal­ing with since the es­tab­lish­ment of the fund, were de­liv­er­ing im­proper ma­chin­ery.

“There is an MoU which is go­ing to be signed be­tween FPR and sup­pli­ers reg­is­tered with GDIF and by the 21st of Septem­ber (Fri­day) we will be know­ing which sup­pli­ers have been se­lected,” said Mr Chi­davaenzi.

He said ne­go­ti­a­tions are also un­der­way with the Re­serve Bank of Zim­babwe to pro­vide the short­listed sup­pli­ers with ad­e­quate for­eign cur­rency to pur­chase the req­ui­site ma­chin­ery.

FPR gen­eral man­ager Mr Fradreck Ku­naka guar­an­teed the min­ers that the com­pany would en­sure that ap­pro­pri­ate ma­chin­ery was de­liv­ered to the ben­e­fi­cia­ries of the fund.

“We are work­ing on en­gag­ing with re­li­able sup­pli­ers so that when min­ers qual­ify for the fund they can bring quo­ta­tions of the ma­chin­ery and equip­ment they want so that we then con­sider the right sup­pli­ers for them and trans­ac­tions can be pro­cessed.

“We have re­alised that the equip­ment is­sue is more of an emo­tive sub­ject to min­ers as some sup­pli­ers re­ceive pay­ment and don’t de­liver on time, mak­ing up all sort of ex­cuses and we have had some, which we had to re­call the money from them due to fail­ure to sup­ply,” said Mr Ku­naka.

In an­other re­lated de­vel­op­ment aimed at en­sur­ing in­creased gold pro­duc­tion, FPR has pledged to spon­sor small-scale min­ers to at­tend short cour­ses in min­ing at the Zim­babwe School of Mines (ZSM) as part of its ef­forts to im­prove their knowl­edge in gold ex­trac­tion.

“We dis­cov­ered that there was a gap in terms of the knowl­edge and skills that peo­ple have af­ter we had started bank rolling the min­ers fund to var­i­ous ben­e­fi­cia­ries. We were see­ing de­fi­cien­cies hence we sought ZSM as the best place to pro­vide those skills.

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