MMCZ seeks nod for commodities exchange

The government’s directive earlier this year to ban raw mineral exports was part of efforts to encourage local beneficiation, at­tract investment in processing facilities and retain more value from Zimbabwe’s mineral resources.

THE Minerals Marketing Corporation of Zimbabwe (MMCZ) says it is waiting for approval from the relevant authorities to implement the proposed commodities exchange. The commodities exchange for minerals is a specialised marketplace where standardised contracts for raw and refined metals and minerals are traded. MMCZ general manager Nomusa Moyo told The Financial Gazette that the…

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