Mining fees consistent with projected growth

Prince Mupazviriho said in drawing out these fees, the ministry had considered the role the mining sector is expected to play in turning around the economy.
Stakeholders that include small-scale miners have expressed concern over the fees, which they said had the effect of driving out indigenous miners from business.
But Mr Mupazviriho said the mining fees will go a long way in the release of unexploited claims that people have been holding on for speculative reasons. This, he said, was part of cocktail of measures that the Ministry took to achieve economic targets with the Ministry of Mines expected to contribute 15 percent of revenue to the fiscus.
“When we looked at what we are expected to do, we said what is it that we need to do to achieve the 15 percent and to rise to the expected gro-wth to the fiscus,” said Mr Mupazviriho.
“We came up with a strategic plan after we had gone through a series of consultation. We are looking at a situation where there is release of ground that is not being utilised. When the ground is released it will be given to other players.” The release of more ground to more players, said Mr Mupazviriho, will create more players.

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