zimbabwe miners federation(zmf) is the brainchild of ministry of mines and mining development whose...
TRANSCRIPT
Zimbabwe Miners Federation(ZMF) is the brainchild of Ministry of Mines and Mining Development whose birth was marked in 2003 to represent and contribute to the development ,growth and empowerment of the artisanal and small scale miners in the country.
Affiliates-It has 26 associations that ratified the constitution
I
INVESTMENT OPPORTUNITIES:
RHETORICAL QUESTION:- Should it be difficult or rather easy to invest in Zimbabwe?•To invest in Zimbabwe because small scale miners do face challenges related to capital funding.•The indigenization issue – The Minister has presented that regulations gazetted provide for flexibility where necessary.•The ministry of Investment Promotion have postulated that Zimbabwe: to ensure security of investment •Multilateral Investment Guarantee agency•Overseas investment co-operation•International Convention of the Settlement of Investment Dispute.•BIPPA (Bilateral Investment Promotion & Protection Agreements.)
Opportunities also exists in the beneficiation of some of these minerals eg cutting and polishing of diamonds ,jewellery manufacturing and chrome smelting
There is the availability of educated and very effective and competent labour
Properly structured small scale mining body-ie Zimbabwe Miners Federation
Gold Chrome Tantalite Semi-precious minerals
CLASS NO OF EMPLOYEES
MINIMUM(grams)
MAXIMUM(grams)
A 50+ 500 20000
B 20+ 100 5000
C 10+ 20 3000
D 3+ 5 100
About 25000 registered small scale miners 500 000 who are involved in artisanal and
small scale mining in Zimbabwe 153 000 are women and children
Despite the low production at an individual level, the often large number of units involved means that at a national scale ,total production can be significant thus equaling or exceeding that of large miners
In 2004 Small Scale Miners produces 60%of the 21tonnes
2004 17 tonnes 2005 10,5 tonnes 2006 - Operation Chikorokoza 2007 - Operation Chikorokoza 2008 - Compilation of EIA reports 2009 2425.5014 ( 2,4 tonnes) 2010 2606,5710 (2,6 tonnes) 2011 2765,8775 (2,7 tonnes) 2012 2092,8175 (2 tonnes) 2013 2109,65 (2 tonnes) 2014 3,9 tonnes
Chrome is an important base metal used in stainless steel industry
Product in demand in Asia particularly China and Singapore
1.South Africa 11 000 000 2. Kazakhstan 4 000 000 3. India 3 900 000 4. Turkey 2 500 000 5. Russia 660 000 6. Oman 554 000 7. Zimbabwe 550 000 8. Brazil 543 000 9. Austarlia 452 000 10 Finland
Chrome ban up-liftment-June 2015 ASM involvement-Creation of SPV Who is SPV-MMCZ,RBZ,Mines and ZIMRA SPV to cater for asm operations with the focal
point being a chrome dpt created at mcz Chrome mining split into the north ,middle
and south dyke The minister has announced that negotiations
are underway for release of ground by Zimasco and Zimalloys.(owning 99000 h/a)
Currently stable at the moment
Semi precious minerals-ruby,tourmaline,aquamarine etc –Limited buyers for these commodities
Volatile commodity prices ,chrome ,gold and uncertain economic outlook
Urge for investors to have a shift towards long term growth and value creation
There are quite a number of strategic minerals mined by small scale miners in Zimbabwe. A data of organized miners is available for joint venture partnerships.
Dont be skeptic
