Government has given mining firms operating in the country up to 45 days to complete their submission of provisional indigenisation implementation plans so that the indigenisation programme in the sector can be completed in the next 6 months.
Following months of intensive consultations with stakeholders in the mining sector, an agreement has been made to the effect that foreign owned mining firms should submit their implementation plans as the thresholds for the sector have already been set.
Youth Development, Indigenisation and Empowerment Minister, Saviour Kasukuwere said the decision to give the mining sector 45 days came after consultations with the Ministry of Mines and Mining Development with hopes that progress in the indigenisation of the sector can be made in the next 6 months.
â€œI consulted with the Ministry of Mines and Mining Development on the issue and we have since resolved that mining firms forward their provisional implementation plans in the next 45 days,â€ Cde Kasukuwere said.
Turning to some business people who are abusing the indigenisation programme by fronting for foreign firms, Cde Kasukuwere said this defies the whole concept of broad based empowerment and the law will take its course.
â€œWe have a situation whereby our people are being used by foreigners and we see them virtually in every sector. This has to stop as this is gross abuse of the indigenisation programme,â€ he added.
The government has since introduced regulations that set minimum requirements for foreign companies to implement indigenisation plans.
The regulations will ensure that control of mineral resources is in the hands of indigenous Zimbabweans.