By Staff Reporter
GOVERNMENT has offered to pay 5% incentives for gold deliveries of 10kgs or more in a development likely to see deliveries hitting record high levels.
Speaking on the latest offer, Mines and Minerals Development Minister ,Winston Chitando said the incentives, coupled with other measures already incepted, will see records high deliveries this year.
“There is also new production coming from green fields which will translate to incremental production projected to reach 40 tons every year .As such we are targeting a minimum of 40 tons as we will be looking at interventions that support small scale industrial miners in terms of equipment,” he said .
FGR general manager Peter Magaramombe expressed optimism regarding the sector during challenging global economic circumstances.
“This performance is testament to the sector’s potential and efforts of our stakeholders and attributed to increased mining activities by our artisanal and small scale miners , prompt payments for our miners and favorable gold prices,” he said.
Magaramombe said the incentives offered to gold produced, had also helped boost production and deliveries.
“We are saying to our artisanal and small scale miners, when you bring 10kg of gold or more in the coming month , we will pay you 5% gold incentives.The incentives have been critical in curbing leakages through smuggling and under reporting,” he added.
