Zimbabwe Gov't Loses $21mil Potential Revenue from Mine Suspension

Mining and Exploration
02/06/2015 09:45

The Zimbabwe Government has currently lost more than $21 million in potential statutory remittances following its recent suspension of alluvial diamond extraction by mining firm DTZ-OZGEO due to environmental concerns, said Vice President Phelekezela Mphoko. The government is reviewing its decision in the interest of generating more revenue. The decision has also affected over 400 workers. The company was accused of destroying the ecosystem and polluting the Mutare River in Penhalonga during previous operations. VP Mphoko said the mining technology being used "is state-of the-art", is similar to what Alrosa uses in Russia and that "we cannot afford to lose $21 million and 400 jobs."