Mining Firms Appeal To Govt For Incentives

Large scale mining companies who attended the recent Chamber of Mines annual general meeting and conference in Victoria Falls are appealing to Government for incentives and other support measures so as to boost production to desired levels.

The mining firms feel that Government has sidelined them and is favouring small scale miners with incentives. How Mine general manager, Mr Demand Gwatinetsa said small scale miners had contributed more gold than large firms because Government is stifling growth through bureaucracy. Chairperson of the Parliamentary Portfolio Committee for Mines and Energy, Temba Mliswa, also called on Government to capacitate larger mining firms as they contribute to the economy by paying taxes and royalties, which are “evaded” by small scale producers.

Reserve Bank of Zimbabwe deputy governor Kupikile Mlambo said financing small scale miners was an option that came because Government was looking for quick returns. He appealed to miners to understand that the facility was meant to focus on small scale miners.

More: Chronicle

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