Small scale gold miners target double output 

Source:CHRONICLE

SMALL scale gold miners are expected to double their output to more than 12 tonnes in 2016 on the back of improved support from the ongoing formalisation exercise.

There are more than 600,000 small scale miners operating in Zimbabwe with combined figures of both registered and unregistered artisanal miners pegged at 700,000.

Zimbabwe Miners Federation (ZMF) chief executive officer, Wellington Takavarasha, said small scale miners produced 7,3 tonnes of gold in 2015, compared to three tonnes in 2014.

“We feel we’ve the capacity to double our output. As records show, we doubled up our production in 2015, which shows that it’s achievable,” he said.

While most small scale miners operate illegally there has been a notable increase in the sector’s output, currently at 10 percent of the country’s total gold output.

 

Zimbabwe Artisanal and Small Scale for Sustainable Mining Council president (ZASMC) Engineer Tapfumanei Murove said small scale miners were capable of contributing up to 50 percent of national gold output.

Scores of people are likely to be driven into gold mining activities this year due to economic hardships in the wake of drought.

“We expect the number of artisanal miners to swell and that in turn will mean more gold production,” said Murove.

The Ministry of Mines and Mining Development and that of Small to Medium Enterprises and Cooperative Development are working together to facilitate formalisation of artisanal mining.

The exercise is expected to tame rampant gold smuggling and enhance increased delivery of the mineral through Fidelity Printers, the country’s sole gold buyer.

In 2014 the police intercepted more than 20kgs of gold being smuggled out of the country while 180kgs was intercepted from illegal panning sites.

Reserve Bank of Zimbabwe governor, John Mangudya has recommended that gold possession by artisanal miners be de-criminalised as an incentive for improved production and formal trade in the mineral.

Last year Zimbabwe generated $684,4 million from gold exports with small-scale miners accounting for more than $273 million.

 

 

| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 |



Tanzanian president splits energy and mining in ministry shake-up

  1. DAR ES SALAAM, Oct 7 (Reuters) - Tanzanian president John Magufuli split the energy and minerals ministry in two and appointed heads for the new ministries on Saturday, five months after sacking the p…
  2. {read by 39 people}


Tanzania: One Killed, Another Cheats Death Following Mine Accident in Geita

  1. Geita - A small-scale miner has been killed after he was trapped in a collapsed mine at Lwamgasa Village in Geita Rural District on Tuesday. The body of the victim was found Thursday following resc…
  2. {read by 24 people}


Tanzania to auction tanzanite from its source to curb smuggling

  1. Tanzania is expected to auction tanzanite in the mining site of Mererani on Saturday in efforts to sell the gemstones on its source to make the east African nation benefit from its natural resources. …
  2. {read by 37 people}


Two die in attack to Avocet Mining's convoy in Burkina Faso

  1. West Africa-focused Avocet Mining said Wednesday that two paramilitary police officers were killed and other two suffer injuries after unknown aggressors assaulted a convoy carrying fuel to its Inata …
  2. {read by 52 people}


Congo reinstates VAT on imports for mining companies

  1. KINSHASA, Aug 12 (Reuters) - Congo has reinstated a value added tax on mining company imports, the chamber of mines said on Saturday, part of what miners say is a deteriorating business climate in the…
  2. {read by 55 people}


Ghana's gold, diamond output to drop as govt curbs small-scale mining

  1. PANAJI, India, Aug 12 (Reuters) - Ghana's gold output is likely to drop sharply in 2017 because of curbs on the small-scale mining that lifted production last year but was causing damage to the enviro…
  2. {read by 130 people}



khjg