zim mining indaba2.jpgGovernment is committed to plugging leakages in all sectors of the economy, specifically the mining sector, for the benefit of the country’s citizens.

 

 

Zimbabwe has been losing millions of dollars through mineral leakages.

The Permanent Secretary in the Ministry of Economic Planning and Investment Promotion, Dr Desire Sibanda said the fiscus has not been receiving enough revenue from the mining industry either through royalties or taxes.

 

“The country has been losing a lot of revenue through leakages with mining houses failing to remit royalties and taxes to the national fiscus, hence the need to curb rampant leakages,” Dr Sibanda said.

 

Geological, Environmental and Mine Modeling consultants Chief Executive Officer, Mr. Vimal Bansi said the country needs to craft policies towards unlocking value in mineral wealth.

 

“The Mining Indaba seeks to unlock value in the minerals’ wealth in Africa and Zimbabwe has proper legislation which promotes the influx of foreign investors,” said Mr Bansi.

 

More than 300 delegates are attending the second edition of the Mining Indaba which seeks to give foreign investors an opportunity to interact with government officials towards establishing business ventures.