- Published on 06 April 2017
Government is negotiating payment terms of a $70 million equipment deal for small scale miners with the South Korean Government.
Mines and Mining Development Deputy Minister Fred Moyo said that the equipment was meant to boost mineral production. The equipment is meant, largely, for small scale gold miners. Moyo said discussions for the deal were still in process. It is understood that other beneficiaries will include mines under Zimbabwe Mining Development Corporation and small scale miners in chrome mining. The mining sector was designated by Government as the driver of short to medium economic growth and generates over half of Zimbabwe’s annual foreign currency. (Herald)