Mutuso Dhliwayo, the Zela Director, threw his weight behind Mutambara’s recent call in Parliament for stakeholders to ensure that mining deals were entered into with the specific aim of enhancing the country’s development. Mutambara proposed that Parliament should have an oversight role to protect the interests of the country by ensuring transparency when the deals are being made.
“Mutambara is spot on. Investment contracts are critical in defining the terms of an investment project and constitute a key instrument of governance,” Dhliwayo said.
Zela is currently implementing a two year project on promoting transparency and accountability in the mining sector.
The government is reportedly responding to developmental initiatives by CSOs through the Zimbabwe Mining Revenue Transparency Initiative.
‘‘In other countries, poorly negotiated mining deals have been terminated and renegotiated and we should emulate this,” Dhliwayo says.
Biti has in the past called for a comprehensive geological survey to be conducted to determine the extent of Zimbabwe’s mineral deposits, saying the country could use its mineral deposits as leverage for its debt overhang.
The opaqueness surrounding the allocation of mining and prospecting rights, observers say, has promoted corruption.
The government has lost out on revenue as the exportation of minerals evades official channels.Post published in: News