obert mpofu 01-11-10.jpgMines and Mining Development Minister, Dr Obert Mpofu, says all mining firms should fully comply with the indigenisation and empowerment programme for speedy implementation of the process.

Minister Mpofu reminded mining firms which are reported to be reluctant to comply with the Indigenisation and Economic Empowerment Act, saying Zimbabwe is committed to seeing the law implemented fully.

In an interview with ZBC News, Dr Mpofu said there is no room for negotiation when it comes to the implementation of the country’s law.

The mining sector, which has been the major focus as far as the implementation of the indigenisation law, has seen some miners attempting to resist complying with the law.

Recent reports have shown that some major mining firms are clandestinely transferring ownership to some local people who are being used as fronts.

Despite all this, some mining houses have already launched the community share ownership trusts, employee share ownership schemes as well as ceding 31% shareholding to the National Indigenisation and Economic Empowerment Fund.

The mining industry is undoubtedly the major contributor to the country’s Gross Domestic Product (GDP) though current power shortages are likely to impact on the annual output.