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Bailout for closed & ailing mines

 Delegates follow proceedings at the Mine Entra Conference at ZITF in Bulawayo last week 

GOVERNMENT has pledged to facilitate the resuscitation of closed and distressed mines in the country as part of broader efforts to create employment and improve fiscal revenues.

Speaking at the Mine Entra indaba in Bulawayo last Thursday, a senior director in the Ministry of Finance and Economic Development, Mr Charles Mujajati, said a joint-venture linked model was being worked on to ensure such entities were back on their feet.

“The country stands to benefit a lot in terms of employment, incomes and fiscal revenues by resuscitating a number of closed and distressed mines located in various parts of the country. The TSP is set to resuscitate the closed mines under ZMDC through joint ventures and other initiatives,” he said.

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