Forex shortages hit small miners

Post Reporter

The Zimbabwe Miners Federation says there has been a decline in gold purchases due to foreign currency shortages, a situation that has badly affected the operations of small scale artisanal miners.

In an interview recently ZMF spokesperson Mr Dosman Mangisi said the cash shortages on the market have impacted negatively on the small scale mining sector which prefers cash payment.

The Ministry of mines is currently working on measures to strengthen the sector for economic growth and to attain a target of growing annual exports to US$12 billion by 2023.

Related Posts

Teacher found dead with crushed head

Lovemore Kadzura Post Reporter RESIDENTS of Magamba suburb in Rusape have been left in shock and fear after a Mavhudzi High School teacher was found dead with a crushed head…

Minister Mutsvangwa lauds Mutare steel manufacturer

Tendai Gukutikwa Post Reporter MINISTER of Women Affairs, Community, Small and Medium Enterprises Development, Senator Monica Mutsvangwa, has lauded local steel firm Invictus Steel Africa for its contribution to manufacturing,…

Leave a Reply

Your email address will not be published. Required fields are marked *

×