Minister Polite Kambamura Cracks Down on Proxy Mining Deals, Warns of Imminent Policy Shift
Mines and Mining Development Minister Dr Polite Kambamura has warned individuals involved in proxy mining arrangements that the Government is preparing strict measures to curb the illegal sale of mining claims.
Addressing delegates at the International Business Conference held during the Zimbabwe International Trade Fair, the minister said authorities are increasingly concerned about locals acting as fronts for external investors in questionable deals.
Also Read: Zimbabwe Bans 30-Day Mining Contracts, Introduces 12-Month Minimum
Rising Concern Over Proxy Arrangements
Dr Kambamura said the Government has observed a growing trend where individuals sell mining rights under the guise of facilitating investment, often bypassing proper procedures.
He cautioned that those engaging in such activities should brace for a policy shift aimed at restoring order in the sector.
New Policy Framework on the Way
The minister revealed that a comprehensive policy targeting the small-scale mining sector is nearing completion. The framework is expected to regulate investment more tightly while ensuring Zimbabweans benefit from their natural resources.
He emphasised that minerals are finite and must be managed responsibly to secure long-term national gains.
Stricter Investment Conditions Expected
Under the proposed changes, investors will be required to meet minimum capital thresholds and undergo verification processes.
Dr Kambamura said prospective investors will need approval through the Ministry of Finance and demonstrate proof of funds deposited with the Reserve Bank of Zimbabwe before acquiring mining rights.
The move is designed to eliminate speculative deals and prevent unregulated partnerships between locals and foreign investors.
Mineral Classification System Introduced
In addition to tightening regulations, the Government is working on a new system to classify minerals into strategic and critical categories.
The minister noted that metallurgical coal has already been identified as a special critical mineral, a move expected to unlock investment in the coal sector.
Plans to Boost Energy and Industrial Growth
Dr Kambamura also highlighted plans to expand Zimbabwe’s energy capacity by tapping into its vast coal reserves.
He said the Government intends to promote investment in thermal power generation using cleaner coal technologies, which will help address electricity shortages and support industrialisation.
Focus on Sustainable Mining
The forthcoming policy measures are aimed at bringing discipline to the mining sector, curbing disorderly practices, and ensuring sustainable exploitation of resources.
Authorities believe the reforms will attract serious investors while safeguarding the country’s mineral wealth for future generations.
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