Business Reporter
PARLIAMENT is working to finalise the Mines and Minerals Bill (MMB) in a development which will strengthen the country’s mining sector.
The MMB sets out conditions for investors like compensation, Corporate Social Responsibility, establishes the Mining Cadastre Register and Registry which shows details mines ownership , regulates prospector activities by confining them to specific areas and removes the distinction between precious and base metal claims.
Speaking recently at the Silveira House organised Economic Social Governance (ESG) training workshop Buhera North legislator, Phillip Guyo who also sits in the Parliamentary Portfolio Committee on Mines and Minerals Development said timelines have been drawn up in the follow up exercise.
“We are taking advantage of President Emmerson Mnangagwa’s call which listed the MMB among pieces which must be finalised Parliament. To this end, we have scheduled a meeting with the Mines and Mining Development Ministry and the Justice Ministry next Monday in a bid to establish the reasons behind the slow progress of the Bill,” he said.
The Lobengula- Magwegwe legislator, Hon Tendai Nyathi said it is all systems out to bring finality on the MMB.
“If the MMB is finalized it will address most of the problems rocking the mining sector.The Portfolio Committee of Mines and Minerals Development is working flat out, to make sure the MMB is finalized,” said.
