.png)
In an effort to reinforce accountability and boost production, the Zimbabwe Miners Federation (ZMF) will introduce mandatory independent financial audits and establish strategic cluster processing plants along the country’s mining borders, Mining Zimbabwe can report.
By Rudairo Mapuranga
This dual initiative was announced by Treasurer General Prosper Shumba at the ZMF 2026 Strategic Meeting, marking a definitive shift in the federation’s operations.
He presented a comprehensive budget statement, framing it as the first step toward a “new era of financial transparency.”
To cement this commitment, Shumba declared that the ZMF will now publish annual budgeted financial statements audited by a firm registered with the Institute of Chartered Accountants of Zimbabwe (ICAZ).
“We are committed to a new standard of governance,” he stated, emphasising that this move ensures the highest level of integrity and accountability to members and the public.
Concurrently, the federation unveiled a major industrial strategy: the creation of cluster mining central processing plants. These facilities, to be established along all borders, are designed to dramatically increase national gold output by formalising and capacitating artisanal and small-scale miners.
The project will provide funding, technical expertise, and mechanisation support to miner clusters.
In return for this support, the ZMF and its investment partners will secure exclusive gold-buying agreements.
“We want to mitigate gold losses that may happen or that may go into illicit marketing,” Shumba explained, highlighting the strategy’s aim to secure the value chain.
Addressing a critical barrier to growth, Shumba also proposed the innovative concept of a Miner’s Bank. This institution would depart from traditional collateral-based lending, instead using mineral assets as the basis for funding projects.
“This bank will only take minerals, not dollars,” he said, arguing that this model would finally provide miners with capital matched to their project’s potential.
Together, the enforceable transparency of mandatory audits and the strategic rollout of border processing plants represent a cohesive plan by the ZMF to build trust and drive tangible, structured growth within Zimbabwe’s pivotal mining sector.
