BREAKING : Gvt considering increasing gold retention threshold
President Emmerson Mnangagwa has said he will look into the possibility of reviewing the gold forex retention scheme for large scale mines, Mining Zimbabwe can report.
Prince Sunduzani
Speaking at the commissioning of the RioZim Cam and Motor mine BIOX plant in Kadoma today, President Mnangagwa said he was going to consider the possibility albeit admitting that it was going to be a hard decision to make.
“Meanwhile, I want to assure investors that my Government will continue to provide the requisite business environment for win-win benefit in line with our Zimbabwe is open for Business Mantra. The mine(RioZim) has requested, and this request gives me a headache, that the retention of foreign currency level should be increased, I have not replied but I have heard the complaint but I need to sleep over it ” he said.
More to follow…