Small scale miners call for gold sector reforms PDF Print E-mail
Wednesday, 11 January 2017 17:32

Small scale gold miners are at loggerheads with Fidelity Printers and Refiners accusing it of failing to revise the stringent requirements needed to access the US$20 million loan facility.

The small scale miners say the stringent requirements have derailed productions as many have suspended operations due to challenges in financing operations.

The miners say they will be engaging relevant authorities to try and advocate for policy reforms in the gold mining sector to ensure the production of the metal can stimulate the foreign currency inflows needed to deal with the current shortages.

Small scale miners have contributed significantly to the annual national gold output which for 2016 stood around 22 tonnes which was slightly lower than the projected 24 tonnes.

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