18 January 2018
   
Family tragedy as 3 infants burn to death
ED takes over Bob's globe-trotting too?
$150m waste: Vic Falls airport shocker
Grace, Bob sanctions review in February
Africa handled Mugabe ouster: Namibia Pres
SA: Student fails; kills Zim teacher
Zim family still at Thailand airport
Mnangagwa off to Zambia Friday
MORE NEWS
SMM saga: Letter to RBZ chairperson
Minister sells post-Bob Zimbabwe in Spain
MORE BUSINESS
Racism: Malema party storms H&M stores
Donel Mangena rocks The Voice UK
MORE SHOWBIZ
Mourinho says 'relaxed' about Sanchez
Bangladesh easily beat Zimbabwe
MORE SPORTS
'Shit-hole': Just Take moral high ground
ZHUWAO BRIEF: ED-iots and election delay
MORE OPINION
 
Trump rage ignores truth: A response
ED govt legitimacy & the church’s role
MORE COLUMNISTS
 
 

ZIMASCO cedes 50pct chrome claims to indigenous Zimbabweans

03/02/2017 00:00:00
by Anna Chibamu
 
Mines and Mining Development Minister Walter Chidhakwa
 
RELATED STORIES
1,000kg of gold lost to smuggling
Canadian miner to invest more in Zim
New 15 percent levy shocks Zim miners
$200m project: Mines Minister apologises

THE Zimbabwe Mining and Smelting Company (ZIMASCO) has ceded 50 percent of its chrome claims to government to help ensure wider inclusion of locals the sector, Mines and Mining Development Minister Walter Chidhakwa has confirmed.

Addressing journalists in Harare on Thursday, Chidhakwa said his ministry had been discussing with ZIMASCO and Zimbabwe Alloys Ltd (ZIMALLOYS) modalities for the release of some of their mining claims.

“Discussions with ZIMASCO are complete as all the final agreements have been reached and 50 percent of their claims have been handed over to government.

“However, discussions with ZIMALLOYS are still on-going and we anticipate reaching an agreement shortly,” Chidhakwa said.

ZIMASCO has, to date, released some 21,270 hectares in four provinces - Mashonaland Central 9,643 hectares, Mashonaland West 2,390 hectares, Midlands 8,563 hectares and Masvingo 674 hectares.

The total is however, 1,000 hectares short of the original 22,270 hectares earmarked for distribution, an issue the government says is being addressed.

According to Chidhakwa the claims ceded to government would be distributed to, among other organisations, Zimbabwe Geological Survey (5,746) for future development; medium scale beneficiation plants and new smelters who were allocated 7,000 hectares.

Small scale miners have been given 10,000 hectares to “promote indigenisation and empowerment of marginalised groups”.

Chidhakwa added: “Following the release of chrome mining claims by ZIMASCO to government, and subsequent gazetting of the entire Great Dyke as a Reserved Area (RA), chrome mining claims can be accessed by means of special grants.”

Last year, ZIMASCO produced 75,500 tons of chrome ore valued at us$31 million. The mining company suspended operations in 2015 as the global ferrochrome market slowed down since 2011.

Zimbabwe and South Africa are estimated to have more than 80 percent of the world’s chrome ore reserves.



Advertisement


 
Email this to a friend Printable Version Discuss This Story
Share this article:

Digg it

Del.icio.us

Reddit

Newsvine

Nowpublic

Stumbleupon

Face Book

Myspace

Fark

 
 
 
comments powered by Disqus
 
RSS NewsTicker