Govt Licenses 11 Companies For Riverbank Gold Mining

The government has licensed 11 companies to undertake riverbank mining in a joint venture with the Zimbabwe Mining Development Corporation (ZMDC).

Deputy Minister for Mines and Mining Development, Polite Kambamura revealed this while speaking on the sidelines of the Mine Entra mining conference last Thursday. He said:

There are 11 companies, which we licensed to do riverbank mining but with an overwhelming response of miners coming to our offices asking about the same we have set up a committee, which will deliberate on the modus on how best we will structure management of riverbank mining.

As you may be aware we have plenty of rivers in our country, which are gold-rich but we want the gold to be systematically mined for the benefit of the country.

That’s why we have set up a committee in the ministry, which will be spearheading that process.

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