Firms fulfilling share pledges

Firms fulfilling share pledges
Published: 09 September 2013
FOUR mining companies in Masvingo have started fulfilling their Community Share Ownership Trust financial pledges with nearly $1 million having been paid since the official launch of the schemes early this year.

Lennox Mine, Bikita Minerals and Murowa Diamonds have already paid varying amounts into the Community Share Ownership schemes while the province's biggest gold producer Renco Mine has made a firm commitment to pay up.

The move by the 4 mining firms to pay up comes in the wake of a slow start to the exercise in Masvingo, a situation which resulted in political leaders in the province castigating the companies for allegedly acting in bad faith.

Masvingo provincial administrator Felix Chikovo last week confirmed the progress made in fulfilling the pledges.
- herald
Tags: Share, Mining,

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