NEW: Miners seek temporary metals export reprieve  

15 Mar, 2023 - 16:03 0 Views
NEW: Miners seek temporary metals export reprieve   Henrietta Rushwaya

The Sunday Mail

Online Reporter 

SMALL-SCALE miners are seeking a six-month suspension of the ban on raw mineral exports by Government, saying this would enable them to fulfil existing supply arrangements with international buyers.

In a letter addressed to Mines and Mining Development Ministry, Zimbabwe Miners Federation (ZMF) president Ms Henrietta Rushwaya said lifting the ban would address liquidity challenges affecting small-scale miners.

“We humbly seek your indulgence in the granting of a six-month moratorium on Statutory Instrument 5 of 2023,” she said.

“The unexpected ban has prejudiced standing off-take agreements between miners and international buyers, some of whom had taken loans from their respective countries to finance trade in these minerals.

“Some miners have found themselves stuck with huge stockpiles, thus locking cash flows and affecting operations.”

Share This: