Govt release funds for the operationalisation of three gold centres
Harare- GOVERNMENT has released funds to be channeled towards the operationalisation of three Gold Centres at Makaha in Mashonaland East Province, Mukaradzi in Mashonaland Central Province and Penhalonga in Manicaland Province,Express Mail Zim can report.
According to Information minister in her post cabinet meeting briefing statement Tuesday , the development was major boost for artisinal miners.
“This will go a long way in ensuring that gold produced by artisanal miners is efficiently mobilized thus increasing revenues accruing to Government as part of the process towards the attainment of a US$12 billion mining industry by 2023,” she said.
In February this year, Finance Minister Mthuli Ncube launched a US$10million Gold Facility .
At the launch, Mines minister Winston Chitando said the gold facility is aimed at supporting artisanal and small-scale gold miners who produce 60 percent of the bullion in Zimbabwe availing revolving fund for mechanisation as well as establishment of the gold service centres to support activities in the sub-sector.
“Last year, the small-scale mining industry contributed 69 percent of the record 35,3 tonnes of gold delivered to Fidelity Gold Refiners, Zimbabwe’s exclusive buyer of the bullion produced in the country,he was quoted as saying then.
He said the US$10 million gold facility is split into two parts made up of US$5 million for the Artisanal Gold and Small-scale Miners Fund (AGSMF) and another tranche of US$5 million targeted at the Gold Service Centres Recovery Facility.
Simply put , a gold service centre is a one stop shop that offers technical services to miners, access to a milling centre, access to capital and a ready market for produced gold by small-scale miners to Fidelity Gold.
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