…as sector embraces technology to boost production
Edwin Moyo
Zvishavane-The Deputy Minister of Mines and Mining Development, Polite Kambamura is set to grace the high profile 2024 Minex 2024 exhibition and conference slated for May 9 at Gresham Primary School in Zvishavane.
Kambamura will be the guest of at the expo which promises to be big event for the mining industry aptly held in the former asbestos mining town.
In an interview with The Midweek Watch, Minex public relations and communication executive, Moses Charedzera emphasized the importance of small-scale miners and urged all those from in and around Zvishavane not to miss the life changing business opportunity.
“Stakeholders across various sectors will converge at Minex 2024 to impart valuable insights and engage directly with miners.
“We are calling upon all in the sector to come in their numbers, all mining companies, stakeholders, individuals as well as academics.
“We are also in the process of pushing for the serious embracing of technology to be at the center of mining in Zimbabwe. This is your time to harness the technological skills in the mining sector to boost the economy at large,” Charedzera said.
He further highlighted that the platform will offer a unique opportunity to address pertinent mining policy and procedural matters and directly interact with the Deputy Minister for meaningful discussions on critical industry topics.
Meanwhile, the Zimbabwe Investment Development Agency (ZIDA)’s Tafadzwa Chinamo said the mining sector accounted for 18% of the anticipated investment value based on the issuance of licenses.
Chinamo highlighted that the services sector led with 25% of the projected investment, followed by the construction industry at 23%, with mining ranking third at 18%.
During the quarter, a total of 143 licenses were issued, with an aggregate projected investment value amounting to US$622.18 million. The services sector recorded the highest investment value at US$155.78 million, whereas manufacturing, despite having the highest number of licenses issued, had a lower projected investment of US$47.41 million.
Chinamo however noted the diversification of investor interest across various sectors, particularly highlighting Chinese investors who accounted for 77% in the mining sector among other sectors.
