Small Scale Mines Association says government’s procurement of gold equipment worth K1, 367800 for artisanal miners will help increase the country’s Chances of gold reserves in the Bank of Zambia.
Speaking in an interview with Money FM News, Association President Kunda Chani said that the investment will help artisanal miners increase gold production which will increase the Chances of gold reserves in the Bank of Zambia which will in turn help stabilize the domestic currency.
“We would like to commend the Ministry of Mines and Commerce for its investment in the artisanal miners for this is proof of government’s commitment in the gold mining space,” He added.
He added that the association will support government in this move and help improve gold mining in the country.
Yesterday the government handed over K1.4 million worth of gold mining equipment to artisanal miners in a bid to help formalize gold operations.
Mining equipment investment raises the chance of gold reserves in BOZ.
