Story by Stanley James, Business Editor
A study commissioned by the Society of Mining Professors (SOMP) has revealed massive untapped mining projects in Zimbabwe, which can be sustained through investments in skills and technology.
The 14th SOMP Conference underway in Harare has seen mining experts acknowledging vast untapped opportunities in Zimbabwe that are open for investments.
“Our findings show great potential in Zimbabwe’s resource extraction sector, going forward it is incumbent upon relevant stakeholders to sit together and share ideas in as much as what can be done to unlock more value in the mining industry,” SOMP Organising Committee Chairperson, Professor Godfrey Dzinomwa said.
“The government has set parameters in as much as exploration is concerned, so this platform is an eye opener as far as the overall growth of the mining sector is concerned. The fact that there has been an increase in the global participants is a true reflection of how Zimbabwe’s mining industry remains attractive and viable,” the Minister of Mines and Mining Development, Honourable Winston Chitando said.
The three-day conference has attracted mining experts from several countries across the globe as Zimbabwe continues to be an attractive destination for mining projects.
The mining industry is considered viable for the nation, riding on government interventions to create a conducive climate for doing business.
The SOMP conference which has attracted investors, academia and mining companies is also aimed at sharing ideas towards the growth of mining business portfolios.
