Zimbabwe is emerging as a hub for Critical Minerals, prized for their high value and demand. Despite this, artisanal small-scale mining experiences sluggish growth. In response, the Zimbabwe Association of Women in Mining Associations underscored the need for artisanal miners to embrace a business-oriented mindset in their operations.
ZAWIMA chairperson Kundai Chikonzo stressed the importance of artisan miners adopting a business-oriented approach. “It all starts with them appreciating that their operations are a business,” asserted Chikonzo. “Mining is a business like any other.” She highlighted the importance of maintaining simple yet meticulous record-keeping, citing it as a fundamental prerequisite for attracting potential financiers. By diligently documenting expenses and income and preserving receipts, miners can instill confidence in financial institutions.
ZAWIMA Patrion Blessing Hungwe echoed the same sentiment, emphasizing the significance of tax compliance among artisanal small-scale miners. “Tax is a government obligation,” Hungwe emphasized. “This is how we can achieve the good of our government.” She underscored the symbiotic relationship between taxation and government initiatives, urging miners to fulfill their civic duty by contributing to national development through tax compliance.
To address the funding gap, miners are encouraged to explore avenues such as the Small Enterprises Development Corporation (SEDCO) and the Zimbabwe Women Development Bank. These institutions, alongside microfinance entities like ZB Bank, offer vital financial lifelines to aspiring miners. By presenting meticulous record-keeping and demonstrating a commitment to responsible mining practices, miners can bolster their eligibility for funding opportunities.
In response to these challenges, initiatives like the Artisanal Small Scale Mining Academy under Zimbabwe Environmental Law Association (ZELA) have emerged. Tatenda Mapooze, ZELA Mining Engineer and Technical Officer, highlighted the academy’s role in equipping miners with essential skills and knowledge. “With the rise of the extraction of critical minerals, specifically lithium, there are a lot of artisanal responsible miners who are now venturing into the extraction of lithium,” Mapoze explained.
Over the last few years, the ASM sector has diversified its mining operations, with many shifting to mining lithium. The ASM Academy has served as a beacon of hope, bridging the knowledge gap and empowering miners to navigate the complexities of the mining industry with confidence and competence.
As Zimbabwe continues its quest for sustainable development in the mining sector, facilitating access to funding for smaller scale miners remains paramount. Through collaboration between industry stakeholders and government bodies, strides can be made towards fostering a conducive environment where miners thrive and contribute meaningfully to the nation’s prosperity.