Govt to set up mining industry loan fund

GOVERNMENT plans to set up a mining industry loan fund for small-scale miners as a viable vehicle for channelling support towards facilitating and promoting the capitalisation of mining operations by small scale miners.

There are more than 600 000 small-scale miners operating in Zimbabwe with figures of registered and unregistered artisanal miners pegged at 700 000.

In his mid-term fiscal policy review last week, Finance minister Patrick Chinamasa said the government will promote linkages between mining and manufacturing sectors in line with the policy on local content.

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