SMALL SCALE MINING •
5 Reasons why scale gold miners are producing less than small scale miners sustainability, miners who are experiencing cash shortages could have
Large scale miners are selling their production through small scale?
been forced to under declare their production, some of the gold is believed
It is a shocking experience to believe that
to be ending up in the black market.
small scale miners can produce more gold than large scale miners who are in-
Some claims are not economically viable for large miners.
vested with great knowledge, funding and professionalism in as far as the extraction of minerals is concerned. Miners in the
While large scale miners revel of having
small scale sector were receiving 75% of
modern and large machinery, they cannot
their money in USD while large scale firms
Experts in the mining industry believe
operate in most gold deposit that are
were receiving only 30%, this promoted a
small scale miners own more than 60% of
found all over the country due to the fact
situation where large scale miners would
active gold deposits in Zimbabwe, with
that those gold coasts will not provide
under declare their production in order to
more than a million people exploiting gold
them with a sensible return in cost,
sell their gold through small scale miners
resources under the banner of small scale
therefore some claims are only suitable
who were getting enough foreign
and artisanal mining, although there are
for only small scale and artisanal miners
currency to sustain operations.
no official statistics to support these
to exploit because for large small firms to exploits in those areas it will be costly on their part.
claims. These statistics give small scale Large scale miners are underutilizing claims
miners a guarantee that they will produce more gold.
www.miningzimbabwe.com <<DEC 2018
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