Home Business New Investments to Spur Zimbabwe’s mining industry target

New Investments to Spur Zimbabwe’s mining industry target

0

Story by Stanley James, Business Editor

ZIMBABWE is targeting to record a further rise in mineral production as new projects are being implemented.

Responding to questions from journalists during a post-cabinet media briefing this Tuesday, Mines and Mining Development Minister Honourable Winston Chitando revealed that new projects in the lithium, coke, coal and platinum value chains will soon be commissioned.

The government is therefore expecting the new projects to further accelerate the targeted US$12 billion mining industry by the end of the year.

Despite various challenges, the Second Republic continues to attract new investments, with the lithium mining value chain being at the centre of attraction due to viable global pricing models and increased demand.

The country is also expected to derive maximum benefits from lithium through the newly approved policy for the sector that is anchored on exporting beneficiated products.