Zimbabwean businessman Wicknell Chivayo, his wife die in helicopter crash

Trend of budget for the development projects within the Ministry of Minerals in the financial years 2020/21 and 2021/22

Monday, May 03, 2021 - 26 min read

The outbreak of COVID19 and its impact in the mining sector (such as gold and gemstone production, prices and revenue) in the implementation of 2019/2020, 200/21 FY budget contribution cannot be left undiscussed in the current FY 2021/2022. Globally, the trend of mineral production was significantly impacted by COVID19, whereby Tanzania witnessed a moderate to low mineral production at a rate of 27.3% in late 2019 to 2020. For instance; Government Reports in 2020 show that, gold production (Large scale Mining) was observed to be fluctuating between 2019 to 2020 i.e., gold production was seen to be high in October 2019 at about 1.5 million grams followed by June 2020 at about 1.3 million grams while in June 2019 the production was recorded the lowest at about 447,861.8 grams. Despite the fact that, there were NO restrictions or lockdown measures imposed in Tanzania, the Artisanal and Small Scale Miners (ASM) were strongly impacted by the pandemic caused mainly by global travel restrictions and limited market supply (internationally). This restricted gemstone dealers’ access to export goods to international markets or international buyers from flying into the country.

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Zimbabwean businessman Wicknell Chivayo, his wife die in helicopter crash

Trend of budget for the development projects within the Ministry of Minerals in the financial years 2020/21 and 2021/22

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