Mining indaba provides opportunities for growth: Minister Chitando

By Tafara Chikumira in Cape Town
THE RECENT surge in mineral prices like gold on the international market is a blessing to Zimbabwe with the government saying the new trend is a massive boost towards the attainment of its vision of a 12 billion dollar mining economy by 2023.
Africa’s largest mining conference, dubbed Investing in African Mining Indaba is currently underway in Cape Town South Africa with Zimbabwe saying the indaba is providing opportunities for growth in the sector.
Minister of Mines and Mining Development, Winston Chitando told ZBC News that despite some challenges the mining sector has faced in the previous years, the country remains confident of a boom in the sector.
“I must say things are beginning to move in the right direction. We have seen an upsurge in prices of gold and other minerals of late. As a government, we are taking advantage of the developments to ensure that we use the money for more exploration works which will ultimately work in our favour. We are glad that we are at this platform which is also giving us opportunities to form synergies that will help the sector grow,” said the minister.
Chairperson of the Parliamentary Portfolio Committee on mines and mining development, Honourable Edmond Mukaratirwa says the mining indaba has provided some solutions to the leakages of minerals that is rampant in the country.
“I must say as a country we have managed to come up with some pieces of legislation that are watertight when it comes to dealing with leakages. However, I must say one of our problems has been to do with putting in place security mechanisms to deal with such. The mining indaba made us realise the new technologies with regards to security that we need to take back home and deal with the issue of leakages at once,” he highlighted.
The investing in African mining indaba will this Wednesday enter day four, with an inter-ministerial conference where stakeholders will engage with governments across the continent on possible areas of cooperation.