MMCZ to combat mineral smuggling

by | Apr 10, 2024 | Business, Crime & Courts, International, Local News | 0 comments

MMCZ to combat mineral smuggling


Staff Reporter


The Minerals Marketing Corporation of Zimbabwe (MMCZ) is ramping up its efforts to combat mineral smuggling with the State-owned agency intensifying its monitoring and surveillance systems to curb leakages.


Despite boasting a robust inspectorate department, MMCZ acting general manager Dr Nomsa Moyo acknowledged that mineral revenue losses due to smuggling remained a significant challenge for the country.


She was addressing a workshop in Headlands last week to educate journalists from various media organisations on MMCZ’s activities, the mineral value chain, and marketing dynamics of commodities among others.


MMCZ is responsible for marketing Zimbabwe’s mineral resources, excluding gold and silver, which fall under the Reserve Bank Zimbabwe’s (RBZ) purview.


Established in 1983, it was tasked with curbing mineral smuggling and transfer pricing to ensure that the country retains maximum value from its minerals.