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Thursday, July 18, 2024

Mining sector to anchor Zimbabwe’s Vision 2030

Story by Yolanda Moyo

INVESTMENTS in the mining sector are expected to propel Zimbabwe to an upper-middle-income society by 2030.

This emerged at the Mining, Engineering and Transport Expo (Mine ENTRA) official opening ceremony in Bulawayo this Thursday.

High-profile delegates who attended the Mine ENTRA official opening ceremony held in Bulawayo this Thursday spoke glowingly on how the local mining sector has undergone massive transformation under the Second Republic.

Vice President General (Rtd) Dr Constantino Chiwenga highlighted the government’s efforts in mineral beneficiation as a key enabler towards the sustainable growth of the sector and transformation of the Zimbabwean economy.

“These interments show that the king sector is continuing to grow and is expected to play a critical role in catalysing Zimbabwe to the achievement of Vision 2030. the Second Republic is projecting to transform the country into an upper-middle-income society by 2030. I am convinced that we are on course to achieving this projection as reflected by the increase in mining production and government efforts to put beneficiation and value edition. With the visionary leadership, I am certain that we will achieve our goal,” he said.

Zimbabwe remains on track to achieve a US$12 billion mining industry, with the finalisation of the Mines and Minerals Bill expected to give impetus to the growth target.

The Minister of Mines and Mining Development, Honourable Soda Zhemu said, “The mining industry is still on track to achieving the 12-billion-dollar mining industry, considerably advancing the country’s goal of attaining a prosperous upper-middle-income society by the year 2030. We want to take this opportunity to applaud the private sector for working closely with the government in the achievement of the progress that we celebrate. The Finalisation of the Mines and Mineral Bill will be prioritized as was mandated to Parliament by His Excellency when he tabled the legislative agenda.”

This year’s edition of Mine ENTRA provided a platform for the mining sector to reflect on growth milestones and prospects.

“Thanks to NDS1 because we are on a mission to beneficiate, and value add what we have on the ground. Mine ENTRA hopes to promote robust policies that support productivity. The event is set to be a significant platform for collaboration knowledge and redefining industry standards. The size of Mine ENTRA has grown by 24 percent. The exhibitions are a reflection of the potential. During the official opening ceremony, President Emerson Mnangagwa presented excelling exhibitors with awards,” said ZITF board chairperson, Mr Busisa Moyo.

The Mine Entra conference was held under the theme: ‘Accelerating Economic Transformation through Mineral Beneficiation,’ attracting over 160 exhibitors and four foreign countries

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