Photo by: Bloomberg
JOHANNESBURG (miningweekly.com) – Multicommodity miner Mwana Africa has welcomed the Zimbabwe government’s decision to reduce the royalty on Zimbabwean gold producers from 7% to 5%.
Mwana operates the Freda Rebecca gold mine in Zimbabwe’s Mashonaland Central province.
Mwana CEO Kalaa Mpinga said the company had actively engaged with government on this issue, adding that it was very pleasing that – in a spirit of understanding and cooperation – government had recognised the challenges inherent in the gold mining industry at present.
"The reduction in the gold royalty rate will provide a welcome financial boost to Freda Rebecca and Mwana," he noted.