Ministry of Mines to conduct minerals survey

Ministry of Mines to conduct minerals survey
Published: 31 January 2012 (980 Views)
THE Ministry of Mines and Mining Development has indicated that it will carry out an aeromagnetic minerals survey throughout the country using its 25 percent revenue retention from fiscus obtained after proceeds from minerals are submitted to treasury.

Late last year Government suspended an aeromagnetic minerals survey tender after the Ministry of Mines and Mining Development issued an ultimatum to the Government Tender Board alleging that the invitation was erroneously crafted to sideline it from fully participating in the process in favour of the Ministry of Finance.

"We have decided to carry out the survey through the 25 percent revenue we get through the fiscus which is the proceed we get from marketing our diamonds and other minerals. This is an agreement we reached about three weeks ago and it means we will do the survey independent of any sponsor.

"We are presently pursuing Government to increase the retention to 35 percent so that we can be able to assist small-scale miners whom we are currently awarding US$ 300 000 quarterly through the Mining Fund.

The whole amount translates to US$ 1, 2 million and this is very little and affects their productiveness and that's why they are resorting to primitive ways of mining," Deputy Minister Gift Chimanikire said.

He said there was need to fund the Zimbabwe Mineral Exploration Corporation, a private parastatal which was put in place by Government last year to oversee the exploration of all the country's minerals.

"About 40 percent of the country's minerals have not yet been explored, we are discovering minerals through illegal mining activities in various parts of the country and details of the country's mineral worthiness is very sketchy. Big mining companies only do exploration work when they intend to expand their mining activities. If we do exploration on our own as Government we will be able to market all the minerals we have in the land to potential investors. As it is at the moment our mineral database is sort of scattered," he said.

An aeromagnetic survey is a geological survey carried out using a magnetometer aboard or towed behind an aircraft. The principle is similar to a magnetic survey carried out with a hand-held magnetometer, but allows much larger areas of the earth's surface to be covered quickly for regional reconnaissance.


- zimpapers

Tags: Mines, Survey, Minerals,
 0

You May Like These Videos

Comments

There are no comments.

Latest stories

Emmerphoria marks Zimbabwe's policy shift

by Bruce Zvandasara | 20 September 2018 | 20 Views

Zimbabweans pin hopes on ED as he attends maiden UNGA Summit

by Nicole Hondo | 20 September 2018 | 17 Views

UNGA and Zim's international incorporation

by Anesu Pedzisayi | 20 September 2018 | 15 Views

Mnangagwa fortifies his political power

by Staff reporter | 20 September 2018 | 20 Views

Zimbabwe stops luxury car purchases for cholera fund

by BBC | 20 September 2018 | 22 Views

ZAPU position on implementation of Devolution of Power

by Zapu | 20 September 2018 | 16 Views

Mnangagwa makes maiden UNGA appearance

by Elijah Chihota | 20 September 2018 | 15 Views

PHOTO: Chiwenga's hand swollen

by Staff Reporter | 20 September 2018 | 35 Views

Mnangagwa arrives in New York

by Staff reporter | 20 September 2018 | 16 Views

Zimbabwe's impressive cabinet line-up under a severe parliamentary vaccuum

by Reginald Thabani Gola. | 19 September 2018 | 323 Views

Mnangagwa boycott the way to go, says MDC veterans

by Stephen Jakes | 19 September 2018 | 344 Views

Mudede hunts down staffer who revealed blacklist

by Staff reporter | 19 September 2018 | 422 Views

'Mnangagwa inherits Mugabe's anti-Gukurahundi traits'

by Staff reporter | 19 September 2018 | 228 Views

Mnangagwa snubbing the way to go

by Stephen Jakes | 19 September 2018 | 209 Views

Shame on you MDC MPs

by Munya Shumba | 19 September 2018 | 183 Views

Kariba on high Cholera alert

by John T Chirinda | 19 September 2018 | 136 Views

Parent involvement helps students to do well

by Agencies | 19 September 2018 | 112 Views

$6000 salary for MPs

by Staff Reporter | 19 September 2018 | 271 Views

Mnangagwa tours Glen View cholera centre

by Staff reporter | 19 September 2018 | 151 Views

Unresolved ethnicity conflict haunts Bulawayo

by Staff reporter | 19 September 2018 | 109 Views

Bulawayo's 'foreign' mayor remains unfazed

by Staff reporter | 19 September 2018 | 149 Views

Court defers ruling on Nduna's Chegutu West win

by Staff reporter | 19 September 2018 | 147 Views

Zoey SA bound

by Staff reporter | 19 September 2018 | 116 Views

Gukurahundi seeks to eclipse Intwasa

by Staff reporter | 19 September 2018 | 106 Views

Gukurahundi documentary deemed to be carrying inflammatory information

by Staff reporter | 19 September 2018 | 128 Views

Models at Prophet Magaya Prayer Mountain

by Staff reporter | 19 September 2018 | 153 Views

Chamisa turns down Parly invite

by Staff reporter | 19 September 2018 | 239 Views

Chamisa can only have an effective protest if all his MPs boycot Parliament

by Staff reporter | 19 September 2018 | 181 Views

Local govt has crossed difficult path since year 2000

by Stephen Jakes | 19 September 2018 | 115 Views

Ecocash and swipe are gradually being phased out

by Stephen Jakes | 19 September 2018 | 294 Views

So much hate in Zimbabwe, Mnangagwa needs to unite people - Mliswa

by Stephen Jakes | 19 September 2018 | 309 Views

Chamisa's MPs walk out on Mnangagwa

by Staff reporter | 19 September 2018 | 186 Views

Mnangagwa must consider Mthuli Ncube's proposals

by Editorial - newsday | 19 September 2018 | 203 Views

Mnangagwa rejects Mines Bill

by Staff reporter | 19 September 2018 | 163 Views