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Kunaka said government is maximising efforts to ensure that equipment manufacturers and or suppliers are given foreign currency to bring the mining equipment which the same miners are paying for through RTGS under the Gold Development Initiative Fund that was put in place to capacitate mainly the artisanal and small scale miners

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Gold Miners Association of Zimbabwe upholding gold standards

Zimbabwe can work on the supply side while we can work on the demand side he said This comes as Zimbabwe is estimated to be losing millions in gold leakages on a monthly basis as gold smugglers are taking the yellow mineral across borders in search of higher prices Mining experts say the mineral is mostly illegally sold in South Africa

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ZIMBABWE will start acquiring mining equipment under the 100 million credit facility from China Export Import Bank after fulfilling most of the conditions precedent Deputy Minister of Mines and Mining Development Mr Fred Moyo has said Government through the Zimbabwe Mining Development

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