Harare, Zimbabwe — 05 December 2012 – Three major Zimbabwean mining companies are set to have their operating licences revoked after blatantly refusing to comply with the country’s indigenisation regulations.
Zimbabwean weekly “The Sunday Mail” reports that the Ministry of Youth Development, geology and mining minister, Francisco Queirós. geology and mining minister, Francisco Queirós.which is the largest gold mining company in the country, Vumbachigwe Mines and John Mack Gold Mine “’ face punitive action for ignoring instructions to cede shares to the respective communities they operate in under the Community Share Ownership Scheme.
The companies were also instructed to initiate and draw up their respective indigenisation proposals.
In an interview last week, youth Development, indigenisation and empowerment minister Saviour Kasukuwere told “The Sunday Mail” that he had already written to his mines and mining development counterpart Obert Mpofu, advising him to revoke their operating licences.
The minister said his ministry had taken the decision after the three firms had remained stubborn.
A Metallon Gold spokesperson refused to comment on the issue, saying the firm will issue a full statement this week.
Vumbachigwe Mines and John Mack Gold Mine officials could not be reached for comment.
"We have always been very worried about Metallon Gold. They are the biggest gold mining company in the country, but do not want to comply," said the minister.
"We have now written a final warning to the three mining companies, telling them that if they do not comply they will lose their licences."
Kasukuwere said Metallon Gold’s negative attitude towards indigenisation was unacceptable.
He said the company had refused to budge despite being approached by government several times. “We consulted them numerous times, asking them to give us their proposals for compliance.”
"We even approached and asked them to contribute to the Mashonaland Central Community Share Ownership Trust. They refused, however, yet they have the biggest gold mines in the province. Our patience has run out; we will not be deterred in implementing the law when dealing with them.”
Source: Sunday Mail. For more information, click here.