Thursday, 9 October 2014

Zimbabwe Mining and Infrastructure Indaba opens

THE ANNUAL Zimbabwe Mining and Infrastructure Indaba opened in Harare, Zimbabwe Wednesday with a call for stakeholders to continue working together in reviving the mining sector.

Speaking at the official opening ceremony, Mines and Mining Development Walter Chidakwa said Zimbabwe had vast opportunities for mineral exploration, and the country was open to foreign investment.

However, such investment should benefit both parties. For example, investors should be afforded attractive incentives to venture into the sector, while the host country or local communities must also benefit from investment in infrastructure development including roads and rail.

He said Zimbabwe might lack the necessary equipment and finance to extract its minerals, but the country had huge reserves of minerals.

On the other hand, foreign investors had access to finance and equipment, but do not possess the minerals that are found in the country.

“Therefore, we want a win-win partnership,” he said, adding that “most welcomed are investors who have plans to set up value-additions plants in the country or those who have plans to development infrastructure such as roads and rail.”

Minister Chidakwa said prospect for mining in Zimbabwe look impressive, and investors should consider Zimbabwe as they preferred destination. For example, since 2009, the sector is on a positive rebound. Read More...

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