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Small Scale MinersNews

Forex shortages hit small miners

The Zimbabwe Miners Federation says there has been a decline in gold purchases due to foreign currency shortages, a situation that has badly affected the operations of small scale artisanal miners.

In an interview recently ZMF spokesperson Mr Dosman Mangisi said the cash shortages on the market have impacted negatively on the small scale mining sector which prefers cash payment.

The Ministry of mines is currently working on measures to strengthen the sector for economic growth and to attain a target of growing annual exports to US$12 billion by 2023. Manica Post

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