Online Reporter
Sikhulekelani Moyo
Zimpapers Business Hub
SMALL-SCALE miners have applauded the Government for reserving small- and medium-scale gold mining for locals and indigenous entities, saying this will drive growth and improve their capacity to invest in value addition and beneficiation.
The recent decision by the Ministry of Mines and Mining Development is meant to address unsustainable mechanised, nonstandard mining practices by some foreign investors and rising conflicts between investors, communities, local miners and farmers.
In an interview, ZANU PF Deputy Secretary for Mines and Energy, Mr Omega Sibanda, said the Government was taking decisive measures to promote growth in small-scale mining, allowing local players to develop and grow in both extraction and mineral beneficiation.The ministry said no foreign individual, foreign-controlled company or foreign beneficial owner may acquire, hold or control any mining title classified as small-scale gold mining, participate directly or indirectly in the operation or management of small-scale gold mining activities, or enter into tribute, joint venture, syndicate or partnership arrangements that confer economic or operational control over reserved activities.
Nominee arrangements, proxy ownership and undisclosed beneficial ownership structures intended to circumvent the policy will be unlawful and subject to cancellation.
Small and medium-scale gold mining is now defined as operations producing up to 20 kilogrammes of gold per month and/or with a capital investment of up to US$15 million.
Operations exceeding either threshold will be classified and regulated as large-scale mining, where foreign investment remains permitted.
All persons and entities currently operating in the small and medium-scale sector must re-register with the ministry by January 1, 2027.
