Mining sector growth impressive: Pres Mnangagwa

By ZBC Reporter

PRESIDENT Emmerson Mnangagwa says the performance of the country’s mining sector is encouraging after a growth of more than US$two billion since the inception of the Second Republic.

He said this when he officially opened the Mining, Engineering and Transport exhibition (Mine ENTRA) in Bulawayo this Thursday.

“It is indeed encouraging that as of last year, and despite the negative effects of the COVID-19 pandemic, the mining sector performance amounted to US$5.2 billion from US$2.9 billion in 2017. Well done to the sector stakeholders for a commendable performance. Since the advent of the Second Republic, I have had theprivilege to commission various signature mining projects in the areas of exploration, extraction and expansion.

“These include the expansion of Zimplats and Unki Mines; the re-opening of Eureka Gold Mine;Shamva Gold Mine; Rio-Zim Cam and Motor Biox Gold Plant Expansion Project; Radnor Mine; and most recently, the Sinomine Bikita Minerals Lithium project,among others. Many more will be coming on stream between the next twelve to twenty – four months.To date, concrete initiatives are in place to legislate and issue the related incentives to further grow the industry. Equally, my Administration remains emphatic in calls for the development of capabilities that propel value addition and beneficiation, riding on ICT driven processes,” he said.

The President also emphasised on the importance of natural resources and called upon stakeholders in the mining industry to leverage on new partnerships.

“The importance of natural resources and in particular minerals towards driving sustainable socio-economic development cannot be over emphasised. To this end,I challenge captains of the mining industry to take advantage of this conference by leveraging on the new partnerships and synergies to propel the transformation of Zimbabwe’s economy,” he added.

The issue of contemporary mining technologies came into play, with the President noting that it will result in the efficient extraction of minerals.

“Going forward, I call upon the sector to rally its players to adopt contemporary and appropriate mining technologies across the mineral value chain.This must result in the efficient extraction and guarantee realisation of the maximum value from our God given endowments. Over and above this, I expect to see the organisation and syndication of the artisanal,small to medium scale miners and the integration of local procurement in the mining sector,” noted the President.

The theme of this Conference “Explore, Extract,Expand–Towards Sustainable Mining ValueChains” resonates with Government’s policy targeting the upward growth of the mining sector to realise a US$12 billion mining industry by 2023.

The 25th Edition of the Mining, Engineering and Transport Conference started on the 20th of July and will run through to the 22nd.

The premier gathering provides a platform to engage in productive discussions for the creation of an enabling environment for the growth and development of the mining sector.