DRC Mining giant Zim Bound

By Davison Vandira

ZIMBABWE’s re-engagement agenda continues to gain traction, with the latest being French-owned DRC-based mining giant Group Ledya which is eyeing chrome and gold mining opportunities in the country.

Group Ledya is a holding company made up of 17 subsidiary companies, with strong interests in mining and energy.

The interest by the group to explore mining opportunities in the country’s Great Dyke came on the backdrop of an Outward Mission by the Ministry of Foreign Affairs and International Trade to the Democratic Republic of Congo (DRC) recently.

The delegation led by Deputy Minister Honourable David Musabayana expressed readiness by Government of Zimbabwe to facilitate the company’s entry into the country.

“Zimbabwe offers a number of investment incentives which includes 70% retention on exports proceeds and duty waiver on the importation of capital equipment as such we are m happy to welcome you into the Zimbabwean arena.”

Group Ledya’s Chief Executive officer Mr Claude Bossio wa Bossio noted that the current socio-economic and political developments in Zimbabwe are a key attraction to investment.

“As a company we are delighted about the prospects of coming to the Zimbabwean market in our area of expertise, that is mining, we will not let this opportunity pass and we intend to start with chrome.”

Zimbabwe envisages to attain a 12 billion United States dollar mining industry by 2023, with such enhanced uptake of the mining space being a giant step towards that objective.

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