Govt Fails Mining Firms
23 January 2020
Spread the love

By A Correspondent- The Chamber of Mines of Zimbabwe (CoMZ) has accused government of failing to deliver on its contractual agreements revealing that mining firms have not been receiving regular power supplies despite having signed contracts with government.

To help boost the nation’s power supply, government created a system whereby exporting firms could pay for dedicated uninterrupted electricity supply through settling energy bills in foreign currency.

“Mining firms have not been receiving power supply. You see, a lot of mining firms entered into contracts with government last year to get electricity and that has not been transpiring on the ground. As I speak, these mining firms are struggling to operate as they continue to receive inadequate amounts (of power). We do not know why this is happening,” CoMZ told NewsDay Business in a recent telephone interview.

“Whether the power is coming from South Africa, Mozambique or the Southern African Power Pool, we do not know. All we know is mining companies are not getting the power they paid for in forex. These contracts did not specify where the power would be coming from, only that we would receive a dedicated supply.”

-Newsday