Story by Josephine Mugiyo, Diplomatic Correspondent
SADC Chairperson, President Emmerson Mnangagwa says a situation where mineral-rich countries remain in perpetual poverty and mere suppliers of raw materials and net importers of the value added, expensive technologies is no longer acceptable.
President Mnangagwa, who was addressing a high-level meeting on resourcing the energy transition with justice and equity at the ongoing United Nations Climate Change Conference (COP 29) in Baku said in the quest for a just energy transition through critical minerals, there is need to correct the global mistakes of the past.
He highlighted the need for an intricate balance that appropriately respects the countries which are well endowed with minerals and their beneficiation at the source.
President Mnangagwa used the platform to highlight how Zimbabwe is giving incentives for the beneficiation and value addition of critical energy minerals.
He said this move has resulted in an accelerated investment by mining companies into processing equipment for in-country value addition and beneficiation.
