By Justin Mahlahla
The Memorandum of Understanding signed between the Government of Zimbabwe and Eagle Canyon International Group of Hong Kong marks the inception of the lithium-ion battery value chain, President Emmerson Mnangagwa has said.
The President, who presided over the signing ceremony at State House on Friday evening, said the agreement attested to his government’s commitment to implement clean energy projects as critical enablers to leap-frog the modernisation and industrialisaion of Zimbabwe.
“The Memorandum of Understanding between Eagle Canyon International Group Holding Limited, Pacific Goal Investment and the Government of Zimbabwe is set to facilitate and promote the establishment of a first of its kind Mines to Energy Industrial Park in Mapinga, Mashonaland West Province.
“The proposed Mines to Energy Park will mark the inception of a Lithium-ion Battery value chain in Zimbabwe,” said the President, adding, “It will augment my Government’s thrust value addition and on beneficiation of minerals as well as bolster the crucial role that mineral value chains play in the national industrialisation agenda and is set to place Zimbabwe amongst the world producers of Lithium-ion batteries.”
He said the project, which will also see the construction of two 300MW power stations, a coking plant, lithium plant, graphite processing plant, nickel chromium alloy smelter as well as a nickel sulphate plant, is in keeping with the government’s development philosophy of leaving no place and no-one behind and will help propel the realisation of Vision 2030.
“I applaud you and your partners for choosing Zimbabwe as an investment destination of choice and finding home in this ‘sacred land of vast opportunities’.
“On behalf of the Government of Zimbabwe and indeed on my behalf, welcome Eagle Canyon International Group Limited to Zimbabwe,” said the President.
He added, “Our country is unwavering in its quest to develop, modernise, industrialise and grow our economy. As we do so, the mainstreaming of the Ecological, Social and Governance aspects across all sectors, must continue to be prioritised. Equally, the exploitation of our abundant natural resource endowments must lift many more of our people out of poverty and into prosperity.
“Finally, I re-affirm that Zimbabwe is a land of vast
opportunities and remains open for business. We are a
safe destination to invest in, to visit and to explore.
I want to specifically recognise and commend
businesses from the People’s Republic of China who
have consistently shown their confidence in the doing
business environment, in our country.”
The Agreement is among many that have been signed between the Government and foreign investors who have heeded the call by President Mnangagwa that Zimbabwe is Open for Business, feeding into the US$12 billion mining industry target by 2023.