Mining executives upbeat about growth prospects, operating environment – Report Findings

By ZBC Reporter

THE State of the Mining Industry Report has revealed that the sector is confident of an improved operating environment and a boost in returns next year.

The report released this Thursday showed that the majority of respondents are upbeat about growth prospects citing improved global prices.

Reserve Bank of Zimbabwe Governor, Dr John Mangudya says the mining sector is important to Zimbabwe’s economic growth.

“Most of the notable achievements emanate from our mining sector especially foreign currency inflows,” he said.

Chamber of Mines chief executive, Dr Isaac Kwesu said despite socio-economic challenges and the Covid-19 pandemic, the mining sector had, however, managed to sustain operations.

“It is all about how we can manage to sustain the growth of the sector in the long term,” he said.

ZESA Holdings Executive Chairman, Dr Sydney Gata assured the mining industry of reliable access to power supplies.

“There is more we can do to tap the ability by most of the industries in the growth of the industry,” he said.

Mines and Mining Development Minister, Honourable Winston Chitando said the government will in the next few weeks announce policy measures for the benefit of the mining sector.

“Let me assure u that we can still sustain the industry so that we can derive the maximum benefits,” he said

Some of the key highlights of the report include an upward review in production for most minerals, the need for policy consistency, stamping out smuggling activities, increased exports and job creation, among others.

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