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Wednesday, May 29, 2024

Manhize project gets mining lease as govt walks the talk on safety of investments

Story by Davison Vandira, Business Reporter

The Second Republic has fulfilled its pledge on investment guarantee after giving Dinson Iron and Steel Company a mining lease for its Manhize project in Mvuma, which is set to be completed by the end of the year.

According to the Minister of Mines and Mining Development, Honourable Winston Chitando, the move is meant to guarantee the safety of investment and boost confidence among investors that the government is walking the talk on the ‘Zimbabwe is open for Business’ mantra.

“I feel very honoured to be handing over this lease agreement to Dinson as it will give the mining industry confidence in general and will help us to achieve our broad targets,” said Hon Chitando.

Dinson Iron and Steel Company Managing Director, Mr Benson Xu paid tribute to the government for creating an enabling environment that will give his company energy to spearhead several mining projects and help the country attain its socio-economic targets.

“This is a good sign that Zimbabwe is walking the talk on investment and I can assure you that as a company, we are going to be expanding our operations for the betterment of Zimbabwe going forward,” he said.

Zimbabwe is pursuing a US$12 billion mining industry by the end of the year and such government guarantees are expected to be a huge boost to that quest.

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