MMCZMinerals Marketing Corporation of Zimbabwe
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MMC said the partnership firm is not a major unit and that its initial cost of investment in MMCZ amounted to RM15,000.
4bn, of which 56% were accounted for by mineral exports under the MMCZ mandate.
But this is only possible if the MMCZ can fix prices and ensure that prices are in line with the market.
But MMCZ is not meant to bureaucratise the selling of minerals, rather to facilitate sales, working hand in glove with producers.
Gold produced will be sold by the Reserve Bank of Zimbabwe, with copper and nickel left to MMCZ.
The Chamber of Mines is pushing for the privatisation of the MMCZ but the government, which has privatised almost all the agricultural marketing boards, has given no indication it will do the same with the MMCZ.