Edwin Moyo
Victoria Falls-Mines and Mining Development ministry has underscored the pivotal role the sector plays in overall development of the economy either downstream or upstream.
The Mining sector account for 12% of the country’s gross domestic product (GDP) and 80% of national exports.
Speaking to mining stakeholders in Victoria Falls last week during the Chamber of Mines conference, Mines Minister, Winston Chitando emphasized the collaborative efforts needed between the body and the government to ensure the sector’s effective contribution to the economy.
“Government is committed to creating an investment-friendly environment characterized by innovation and transparency.
“This shows the determination to ensure that there is an environment that promotes investments, innovation, and transparency,” he said
Chitando outlined several key measures being implemented to attract investment.
“We have key measures being implemented to attract investment. Some of the measures include streamlined regulatory processes, infrastructure improvements, and fiscal incentives designed to attract both domestic and foreign investments.
“These initiatives aim to address existing challenges and drive the mining sector towards greater efficiency and productivity.
“Zimbabwe’s mining sector is highly diversified, with close to 40 different minerals, including platinum group metals (PGM), chrome, gold, coal, lithium, and diamonds.
“As a country we boast of the second-largest platinum deposits and high-grade chromium ores globally, with approximately 2.8 billion tons of PGM and 10 billion tons of chromium ore,” said Chitando.
