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This article participates on the following special index pages:
Marange, Chiadzwa and other diamond fields and the Kimberley Process - Index of articles
Distribution
of mining revenue in Zimbabwe
National
Association of Non-Governmental Organisations in Zimbabwe (NANGO)
June 30, 2012
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Introduction
The distribution
of mining revenue in Zimbabwe has attracted a lot of attention especially
with the discovery of diamonds
in the Chiadzwa/ Marange area. The mining sector itself plays
a very important role in the development of any country and in Zimbabwe
it has become one of the fastest growing sectors of the economy
since 2009.
Background
The past few
years, have awakened many Zimbabweans to the importance of the mining
sector in the development of the country. This realization has been
further amplified by the discovery of diamonds in the country which
a lot of people feel should be the panacea to our economic problems.
New policies and laws have been introduced that have great implications
on the sector in terms of trade, investment and economic empowerment
of the people of Zimbabwe. People are aware that there is a lot
of money being generated from our mineral resources, and they want
to know how this revenue is being distributed. If there is transparency
and accountability in the administration of the revenue generated
from mining then this may enable will be proper investment for development
in the country and the communities from where the minerals are coming
from.
Overall
objective of the study
The major thrust
of this study is to:
- Critically
analyze the provisions of the Mines and Minerals Act 21:05 of
1965 of the Republic of Zimbabwe.
- Learn best
practices from other countries (Botswana) on how the mining revenue
is generated and distributed by central government.
- Examine how
the mining revenue is currently distributed and utilized.
- Recommend
the most effective way of distributing and utilizing the mining
revenue.
Study
Methodology
The methodology
used for this study included:
- Secondary
literature review,
- Consultative
workshops, focus group discussions and interviews.
Study
Findings
The study reveals
the following shortcomings of the Mines and Mineral Act (chapter
21:05):
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