News South Africa

Mines Act to be amended

ZIMBABWE: Government says it is in the process of amending some provisions of the Mines and Minerals Act to enable it to repossess under-utilised mining claims which are being held for speculation.
Mines Act to be amended

This follows concerns that only a tenth of the 10,000 mining claims issued were being utilised.

Mines and Mining Development Minister Walter Chidhakwa told The Herald on 25 July 2014 that his ministry had lodged its proposals for the Amendment Bill to the Attorney-General's Office legal drafting department.

"We are in the process of drafting a Bill which will enable us to repossess all underutilised claims for reissuing.

"A number of mining companies are not utilising the claims issued to them," he said.

"Currently the document is in the Attorney-General's Office for drafting, it shall be presented in Parliament so that we may have a law which allows the ministry to claim all under utilised mining claims."

Minister Chidhakwa said geological survey teams were currently visiting mining companies surveying the number of claims they hold, they were utilising, the minerals found and claims that were not being utilised. "Our teams of geologists are on the ground as we speak and the exercise will take at least two years to complete," he said.

Source: allAfrica

AllAfrica is a voice of, by and about Africa - aggregating, producing and distributing 2000 news and information items daily from over 130 African news organisations and our own reporters to an African and global public. We operate from Cape Town, Dakar, Lagos, Monrovia, Nairobi and Washington DC.

Go to: http://allafrica.com/
Let's do Biz