promoting mining opportunities in zimbabwe

8/3/2019 Promoting Mining Opportunities in Zimbabwe

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Zimbabwe has extensive mineral deposits of gold ,platinum, copper, nickel, chrome, tantalite, tin,asbestos, emeralds , diamonds, aquamarine, etc

Full Scale Production on several mineral depositsmay have been hindered for a variety of reasonsincluding difficult access to the deposit, lack ofelectricity power, lack of adequate finance,

prevailing market forces, the availability ofessential items like lubricants, spare parts, zincshavings, chemicals like cyanide, wage disputes,etc


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Zimbabwe has excellent infrastructure including ;

Roads

Rail Roads

Electricity Telecommunications

Access to internet ; etc

However , for obvious reasons , it should be notedthat most mineral deposits are in underdevelopedareas in remote areas !


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Mining makes vital contribution toZimbabwes economy by producing a widevariety of minerals for export and for rawmaterial inputs to the manufacturing andagricultural sectors. It is a significant employerof workers who, with their dependents, aremainly housed around the mines themselvesand are supplied with social and medical

facilities. http://www.zimtrade.co.zw/site/site.asp?sect

ion=2&page=4
http://www.zimtrade.co.zw/site/site.asp?section=2&page=4http://www.zimtrade.co.zw/site/site.asp?section=2&page=4http://www.zimtrade.co.zw/site/site.asp?section=2&page=4http://www.zimtrade.co.zw/site/site.asp?section=2&page=4


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A few large mining groups comprising wellknownmultinationals, complemented by locally ownedenterprises produce the bulk of the mineral output.There are quite a number of operating mines (mainlygold), worked by small companies, syndicates and

individuals. Gold contributes about half the value ofmineral production. The most significantmineral/mineral related exports are gold, platinum,ferro-chrome alloys, nickel and asbestos. Other exportsinclude coke, dimension stone (black granite),

diamonds, graphite, lithium minerals and emeralds.Most of the coal production is used locally, as arechromite and iron ore.

http://www.zimtrade.co.zw/site/site.asp?section=2&page=4
http://www.zimtrade.co.zw/site/site.asp?section=2&page=4http://www.zimtrade.co.zw/site/site.asp?section=2&page=4http://www.zimtrade.co.zw/site/site.asp?section=2&page=4http://www.zimtrade.co.zw/site/site.asp?section=2&page=4http://www.zimtrade.co.zw/site/site.asp?section=2&page=4http://www.zimtrade.co.zw/site/site.asp?section=2&page=4http://www.zimtrade.co.zw/site/site.asp?section=2&page=4http://www.zimtrade.co.zw/site/site.asp?section=2&page=4


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The Chamber of Mines of Zimbabwe (COMZ) is aprivate sector voluntary organization establishedin 1939 by an Act of Parliament. The membersinclude mining companies, suppliers of

machinery, spare parts, and chemicals, serviceproviders including banks, insurance companies,consulting engineers, and various mining relatedprofessional bodies and individuals. The mining

company members of the COMZ produce about90 percent of Zimbabwes total mineral output.

http://www.chamberofminesofzimbabwe.com/
http://www.chamberofminesofzimbabwe.com/http://www.chamberofminesofzimbabwe.com/http://www.chamberofminesofzimbabwe.com/http://www.chamberofminesofzimbabwe.com/


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The activities of the COMZ are guided by its constitutionand strategic plan. The primary objectives are to advocateand lobby in order to promote, encourage and protect theinterests of the mining industry in Zimbabwe. In so doing,activities of the COMZ are concentrated in the fields of

economic policy, mining sector policy, investmentpromotion, labour and industrial relations management,research on legal matters related to mining, representationof the views of the industry to Government and otherstakeholders, and the provision of a variety of servicesaimed at promoting health and safety, manpower training,

environmental protection, and the support of miningassociations.

http://www.chamberofminesofzimbabwe.com/http://www.chamberofminesofzimbabwe.com/


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The Chambers activities mainly focus on:

Advocacy and Representation Mineral Economics and Policy Research Mining data management Mining sector public relations Creating networking opportunities for stakeholders Labour relations management Provision of a variety of services aimed at promoting safety,

health, and environmental management/protection in the mining

sector and surrounding communities Training Co-ordination of activities of mining associations

http://www.chamberofminesofzimbabwe.com/http://www.chamberofminesofzimbabwe.com/


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The Chamber of Mines of Zimbabwe (CMZ) wants thegovernment to consider the merits of promoting largemines that enjoy economies of scale and greater access tocapital and markets, as opposed to numerous small

projects exposed to stifling costs of production.The association of miners, for now, is offering just 15%equity to local investors wishing to buy into miningoperations instead of the 51% demanded by thegovernment in a indigenisation law until the country

builds its own capital.

http://www.newsday.co.zw/article/2010-06-08-chamber-of-mines-zimbabwe-cmz-calls-for-larger
http://www.newsday.co.zw/article/2010-06-08-chamber-of-mines-zimbabwe-cmz-calls-for-largerhttp://www.newsday.co.zw/article/2010-06-08-chamber-of-mines-zimbabwe-cmz-calls-for-largerhttp://www.newsday.co.zw/article/2010-06-08-chamber-of-mines-zimbabwe-cmz-calls-for-largerhttp://www.newsday.co.zw/article/2010-06-08-chamber-of-mines-zimbabwe-cmz-calls-for-largerhttp://www.newsday.co.zw/article/2010-06-08-chamber-of-mines-zimbabwe-cmz-calls-for-largerhttp://www.newsday.co.zw/article/2010-06-08-chamber-of-mines-zimbabwe-cmz-calls-for-largerhttp://www.newsday.co.zw/article/2010-06-08-chamber-of-mines-zimbabwe-cmz-calls-for-largerhttp://www.newsday.co.zw/article/2010-06-08-chamber-of-mines-zimbabwe-cmz-calls-for-largerhttp://www.newsday.co.zw/article/2010-06-08-chamber-of-mines-zimbabwe-cmz-calls-for-largerhttp://www.newsday.co.zw/article/2010-06-08-chamber-of-mines-zimbabwe-cmz-calls-for-largerhttp://www.newsday.co.zw/article/2010-06-08-chamber-of-mines-zimbabwe-cmz-calls-for-largerhttp://www.newsday.co.zw/article/2010-06-08-chamber-of-mines-zimbabwe-cmz-calls-for-largerhttp://www.newsday.co.zw/article/2010-06-08-chamber-of-mines-zimbabwe-cmz-calls-for-largerhttp://www.newsday.co.zw/article/2010-06-08-chamber-of-mines-zimbabwe-cmz-calls-for-largerhttp://www.newsday.co.zw/article/2010-06-08-chamber-of-mines-zimbabwe-cmz-calls-for-largerhttp://www.newsday.co.zw/article/2010-06-08-chamber-of-mines-zimbabwe-cmz-calls-for-largerhttp://www.newsday.co.zw/article/2010-06-08-chamber-of-mines-zimbabwe-cmz-calls-for-largerhttp://www.newsday.co.zw/article/2010-06-08-chamber-of-mines-zimbabwe-cmz-calls-for-largerhttp://www.newsday.co.zw/article/2010-06-08-chamber-of-mines-zimbabwe-cmz-calls-for-largerhttp://www.newsday.co.zw/article/2010-06-08-chamber-of-mines-zimbabwe-cmz-calls-for-largerhttp://www.newsday.co.zw/article/2010-06-08-chamber-of-mines-zimbabwe-cmz-calls-for-largerhttp://www.newsday.co.zw/article/2010-06-08-chamber-of-mines-zimbabwe-cmz-calls-for-largerhttp://www.newsday.co.zw/article/2010-06-08-chamber-of-mines-zimbabwe-cmz-calls-for-larger


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The policy shift effectively supplants indigenisation withempowerment through a system of equity-equivalent credits,which dilutes the minimum equity demand and removes theceiling initially imposed on foreign ownership.

The law, passed roughly two years before, primarily seeks to

warehouse at least 51% of large mines and other firms for localinvestors as an instrument of economic empowerment.

Foreign-owned entities, including those listed on the localbourse, have up to five years to phase in the equity changes anduntil end of June to disclose their shareholding to the Ministryof Youth, Indigenisation and Economic Empowerment.

http://www.newsday.co.zw/article/2010-06-08-chamber-of-mines-zimbabwe-cmz-calls-for-largerhttp://www.newsday.co.zw/article/2010-06-08-chamber-of-mines-zimbabwe-cmz-calls-for-largerhttp://www.newsday.co.zw/article/2010-06-08-chamber-of-mines-zimbabwe-cmz-calls-for-largerhttp://www.newsday.co.zw/article/2010-06-08-chamber-of-mines-zimbabwe-cmz-calls-for-largerhttp://www.newsday.co.zw/article/2010-06-08-chamber-of-mines-zimbabwe-cmz-calls-for-largerhttp://www.newsday.co.zw/article/2010-06-08-chamber-of-mines-zimbabwe-cmz-calls-for-largerhttp://www.newsday.co.zw/article/2010-06-08-chamber-of-mines-zimbabwe-cmz-calls-for-largerhttp://www.newsday.co.zw/article/2010-06-08-chamber-of-mines-zimbabwe-cmz-calls-for-largerhttp://www.newsday.co.zw/article/2010-06-08-chamber-of-mines-zimbabwe-cmz-calls-for-largerhttp://www.newsday.co.zw/article/2010-06-08-chamber-of-mines-zimbabwe-cmz-calls-for-largerhttp://www.newsday.co.zw/article/2010-06-08-chamber-of-mines-zimbabwe-cmz-calls-for-largerhttp://www.newsday.co.zw/article/2010-06-08-chamber-of-mines-zimbabwe-cmz-calls-for-largerhttp://www.newsday.co.zw/article/2010-06-08-chamber-of-mines-zimbabwe-cmz-calls-for-largerhttp://www.newsday.co.zw/article/2010-06-08-chamber-of-mines-zimbabwe-cmz-calls-for-largerhttp://www.newsday.co.zw/article/2010-06-08-chamber-of-mines-zimbabwe-cmz-calls-for-largerhttp://www.newsday.co.zw/article/2010-06-08-chamber-of-mines-zimbabwe-cmz-calls-for-largerhttp://www.newsday.co.zw/article/2010-06-08-chamber-of-mines-zimbabwe-cmz-calls-for-largerhttp://www.newsday.co.zw/article/2010-06-08-chamber-of-mines-zimbabwe-cmz-calls-for-largerhttp://www.newsday.co.zw/article/2010-06-08-chamber-of-mines-zimbabwe-cmz-calls-for-largerhttp://www.newsday.co.zw/article/2010-06-08-chamber-of-mines-zimbabwe-cmz-calls-for-largerhttp://www.newsday.co.zw/article/2010-06-08-chamber-of-mines-zimbabwe-cmz-calls-for-largerhttp://www.newsday.co.zw/article/2010-06-08-chamber-of-mines-zimbabwe-cmz-calls-for-largerhttp://www.newsday.co.zw/article/2010-06-08-chamber-of-mines-zimbabwe-cmz-calls-for-largerhttp://www.newsday.co.zw/article/2010-06-08-chamber-of-mines-zimbabwe-cmz-calls-for-larger


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The empowerment credits comprise community investmentssuch as infrastructure spending, social investments, assistance tosmall-scale miners, local procurement, creation of companiesand factories or training and skills development.

The direct equity would be sold rather than ceded through

commercial disposals and acquisitions of shares, employeeownership schemes and initial public offerings on theZimbabwe Stock Exchange (ZSE).

A source familiar with the consultations says the governmenthas climbed down from its earlier stance of equity-basedindigenisation and empowerment after realising radicalstructural changes to the industry may hamper its recoveryfollowing a meltdown, which triggered closures and acommodity slump that hit its profitability.

http://www.newsday.co.zw/article/2010-06-08-chamber-of-mines-zimbabwe-cmz-calls-for-largerhttp://www.newsday.co.zw/article/2010-06-08-chamber-of-mines-zimbabwe-cmz-calls-for-largerhttp://www.newsday.co.zw/article/2010-06-08-chamber-of-mines-zimbabwe-cmz-calls-for-largerhttp://www.newsday.co.zw/article/2010-06-08-chamber-of-mines-zimbabwe-cmz-calls-for-largerhttp://www.newsday.co.zw/article/2010-06-08-chamber-of-mines-zimbabwe-cmz-calls-for-largerhttp://www.newsday.co.zw/article/2010-06-08-chamber-of-mines-zimbabwe-cmz-calls-for-largerhttp://www.newsday.co.zw/article/2010-06-08-chamber-of-mines-zimbabwe-cmz-calls-for-largerhttp://www.newsday.co.zw/article/2010-06-08-chamber-of-mines-zimbabwe-cmz-calls-for-largerhttp://www.newsday.co.zw/article/2010-06-08-chamber-of-mines-zimbabwe-cmz-calls-for-largerhttp://www.newsday.co.zw/article/2010-06-08-chamber-of-mines-zimbabwe-cmz-calls-for-largerhttp://www.newsday.co.zw/article/2010-06-08-chamber-of-mines-zimbabwe-cmz-calls-for-largerhttp://www.newsday.co.zw/article/2010-06-08-chamber-of-mines-zimbabwe-cmz-calls-for-largerhttp://www.newsday.co.zw/article/2010-06-08-chamber-of-mines-zimbabwe-cmz-calls-for-largerhttp://www.newsday.co.zw/article/2010-06-08-chamber-of-mines-zimbabwe-cmz-calls-for-largerhttp://www.newsday.co.zw/article/2010-06-08-chamber-of-mines-zimbabwe-cmz-calls-for-largerhttp://www.newsday.co.zw/article/2010-06-08-chamber-of-mines-zimbabwe-cmz-calls-for-largerhttp://www.newsday.co.zw/article/2010-06-08-chamber-of-mines-zimbabwe-cmz-calls-for-largerhttp://www.newsday.co.zw/article/2010-06-08-chamber-of-mines-zimbabwe-cmz-calls-for-largerhttp://www.newsday.co.zw/article/2010-06-08-chamber-of-mines-zimbabwe-cmz-calls-for-largerhttp://www.newsday.co.zw/article/2010-06-08-chamber-of-mines-zimbabwe-cmz-calls-for-largerhttp://www.newsday.co.zw/article/2010-06-08-chamber-of-mines-zimbabwe-cmz-calls-for-largerhttp://www.newsday.co.zw/article/2010-06-08-chamber-of-mines-zimbabwe-cmz-calls-for-largerhttp://www.newsday.co.zw/article/2010-06-08-chamber-of-mines-zimbabwe-cmz-calls-for-largerhttp://www.newsday.co.zw/article/2010-06-08-chamber-of-mines-zimbabwe-cmz-calls-for-larger


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Zimbabwe is a gold country. The Archaean terrain of Zimbabwe is, interms of gold yield per square kilometre, the most productive of its kindin the world. It has been estimated that 700 tonnes of gold, whichrepresents about a third of the country's historical production, weremined crudely from the seventh century to the start of modern miningactivity at the turn of the 20th century.

The quest for gold beyond the Limpopo river brought early explorers intothe country. Production of gold peaked in 1906 at about 30 tonnes a featthat was nearly achieved in 1999 at 27 tonnes. Since 1999 very little grassroots exploration for gold has been undertaken. Although the country hasa long mining history there are many areas that have not beenscientifically investigated. In addition, modern exploration techniquesthat have yielded significant findings elsewhere in the world are still tofind their application in Zimbabwe. This provides for excitingopportunities for those willing to take the calculated risk and invest in theexploration of gold.

http://www.chamberofminesofzimbabwe.com/component/content/article/38-minerals/90-gold.html
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To aid mineral exploration the Geological Survey of Zimbabwehas vast archives of geo-scientific information in various themesthat can be accessed by investors interested in mining.Information is in the form of bulletins, short reports, maps, reportsby companies on exploration work, thesis on work done on

Zimbabwe and reports by mining companies. Data is available inboth digital and analogue format. Gold production stood at 4.2 tonnes in 2009. Given the peak of 27

tonnes in 1999, opportunities exist for expansion of productioncapacity at existing mines. A number of projects have beenshelved in the past 10 years due to the adverse operating

environment experienced.

http://www.chamberofminesofzimbabwe.com/component/content/article/38-minerals/90-gold.html
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promoting mining opportunities in zimbabwe

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