sharing in governance of extractive industries
In May 2016, the Reserve Bank of Zimbabwe introduced an export incentive scheme to promote the export of goods and services in order for the economy to benefit from the liquidity derived from exports. As some mining companies begin to report on their earnings, it is becoming evident that the export incentive has been beneficial to them.
Asa Resources owned …Continue
The Zimbabwe Consolidated Diamond Mining Company (ZCDC) is currently mining diamonds in Marange albeit on a small scale given that there remains legal contestation over the consolidation process itself. Companies including Anjin, Jinan and Mbada have challenged the consolidation at the Courts.
What is of interest is that ZCDC intends to conduct riverbed gold mining in Gache Gache River on the…Continue
1-Gold will continue to do well. The country is likely to breach 20 tonnes once again as the RBZ continues its drive to mop up ASM gold through increased monitoring and improving market access (‘ no questions asked’ policy). There might not be a significant increase in gold deliveries if the liquidity crisis does not ease. Deliveries are likely to plateau- discouraged by failure of FPR to pay hard currency but evened off by miners who may still want some of the 5% export incentive. Alluvial…Continue