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The Zimbabwe Miners Federation (ZMF) is looking to expand its participation in mining ventures through its investment vehicle, FS Mining, as it seeks to establish alternative revenue streams and strengthen its role in Zimbabwe’s mining industry, Mining Zimbabwe can report.
By Rudairo Mapuranga
Speaking at the ZMF Annual General Meeting, Federation Treasurer Mr Prosper Shumba said the organisation intends to use FS Mining to pursue partnerships with foreign investors, identify open mining areas and facilitate the development of projects.
“We want every project to have a project through FS Mining. Let’s look for open areas and engage the ZMF,” Mr Shumba said.
The proposed approach would see the Federation use FS Mining as a vehicle for engaging investors and participating in mining opportunities, moving beyond its traditional representative role for artisanal and small-scale miners.
Mr Shumba said the Federation also wanted foreign mining companies operating within the segment represented by ZMF to register with the organisation, a move he believes would strengthen its engagement with investors and create additional opportunities for the institution.
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He said ZMF President Henrietta Rushwaya would engage the Government on the proposal.
“We will ensure that our President, Henrietta Rushwaya, engages the Government in that regard,” he said.
The Treasurer also called on affiliate associations to establish income-generating projects, arguing that individual associations should develop sustainable activities that contribute to their financial independence and strengthen the wider Federation.
“Associations also should have projects,” he said.
The proposals point to a broader effort by ZMF to leverage its industry networks and access to mining communities to participate in commercial opportunities, particularly through partnerships with investors seeking entry into Zimbabwe’s mineral sector.
Representing more than 1.5 million artisanal and small-scale miners, ZMF occupies an important position in the country’s mining landscape. The sector contributes an average of 60 percent of Zimbabwe’s annual gold deliveries to Fidelity Gold Refinery, making the Federation’s proposed investment initiatives significant to its ambitions of expanding its institutional and commercial footprint.