Gold deliveries to the Fidelity Printers and Refiners have gone up to 20 tonnes up from around 17 tonnes last month with small scale miners leading primary producers by around 55 percent of total deliveries between September and October.
Latest results from the Fidelity Printers and Refiners show that miners in the country contributed close to 2,8 tonnes of gold in the month of October, a marked improvement from around 2,5 tonnes deposited last month.
Of the total gold deliveries, small scale miners continued their dominance with a total delivery of close to 1,7 tonnes, representing a 55 percent delivery dominance.
Total deliveries by small scale miners in the past 10 months now stands at 10,3 tonnes while primary producers are slightly over 9,5 tonnes.
A Bulawayo based legal practitioner, Mr James Chikwande, who has attended to a number of mining disputes in the country, said the finalisation of the Mines and Minerals Bill could bring the answer to the country’s economic problems as it will open up more mining opportunities to locals.
The government through the central bank has put in place a number of initiatives to empower small scale miners with the $40 million loan incentive seen as having contributed in the capacity utilisation of the miners as proved by Fidelity Printers and Refiners’ results from January this year.