DEPUTY Mines minister Fred Moyo yesterday has said government had compiled a report to guide strategic mines to conduct their operations in a sustainable manner.
By Victoria Mtomba Business Reporter
Moyo told legislators and stakeholders attending a Zimbabwe Agenda for Sustainable-Socio Economic Transformation (ZimAsset) seminar in the capital that the report would go through Parliament soon.
“The report is out, we are trying to clean it up. That should guide the way we mine strategic minerals,” Moyo said.
He also challenged the Zimbabwe Mining and Smelting Company (Zimasco), a major chrome producer in the country, to relook its machinery which might be affecting the performance of the business.
“Zimasco needs to deal with the machinery that you use. You are using the wrong technology, so you need to change the way you are operating,” he said.
He said last week the ministry met with Zimasco management and urged them to carry out their proposed cost-cutting measures in a transparent manner.
Zimasco plans to retrench part of its 3 000-strong workforce in order to remain afloat as the company has been hit hard by falling chrome prices on the international market.
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Moyo also revealed that government had identified an investor keen on resuscitating Kamativi Tin Mine.
“We would soon get a clear picture with the investor. The project is getting attention,” he said.
The mine was closed 20 years ago when the prices of tin were down, but the prices have since improved with tin now fetching $23 000 per tonne.
The mining sector has been a major contributor to the economy since 2009 as it has been on a growth trajectory.
