Mining sector investments paying off: President Mnangagwa

The mining sector continues to steadily gravitate towards the attainment of its goal of a US$12 billion mining industry by 2023 through greenfield and brownfield investments, says President Emmerson Mnangagwa.

He said this during the official opening ceremony of the Chamber of Mines Annual Mining Conference in Victoria Falls today.

He added, “Our significant deposits of over 60 exploitable minerals remain intact, making prospects for the mining sector to ensure sustainable economic development, growth and prosperity bright.”

“Guided by the Africa Mining Vision and National Development Strategy 1 targets, the sector is challenged to ensure equitable and inclusive broad-based development through enhanced beneficiation of our mineral endowments,” he said.

“The engagement and re-engagement initiative has started bearing fruit. Notable progress is being recorded at investment projects such as Caledonia, Shamva Gold Mine, Eureka Gold Mine, BRAVURA, Anjin Diamond Mine and Tsingshan Iron Ore and Steel project, among others.”

“My government is continually improving the ease of doing business, including ensuring a stable macro-economic environment. This is further supported by the ongoing upgrading of our national transport infrastructure. With unity of purpose, collaboration and increased investments, the sector is bound to reach greater heights,” said the President.

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