By ZBC Reporter
PRESIDENT Emmerson Mnangagwa continued with his tour of various mining companies in Hwange on the second day of his visit to the resource-rich mining town.
He took time to understand operations at Hwange Colliery Company, Dinson mine, ZhongXin Coking Company mine (ZZCC), Zambezi Coal and Gas company, ZhongXin Electric Energy (ZZEE) and Makomo Resources.
The President expressed his desire to support the firms on their expansion projects which would have a bearing on the attainment of a US$12 billion mining economy by 2023 and achievement of a middle-income status economy for Zimbabwe by 2030.
He emphasized on the need for the mining firms to contribute to power generation saying the country was losing valuable foreign currency importing power when the country has the capacity to generate its own power which can be made possible by expanding production at coal mines.
President Mnangagwa assured the firms of government’s support to expand their production levels.
“It pleases me that Zambezi Coal and Gas is diversifying into energy generation. We are spending hundreds of millions importing power when we have all resources to produce our energy. By 2023, we should be energy sufficient. By that year we should have enough electricity to drive our industry. Our industry should be driven by our own locally generated power,” said the President.
Zambezi Gas and Coal company has been given the green light to build a 750 MW power station in a development that the Minister of Mines and Mining Development, Winston Chitando said is an important milestone in the power generation sector.
Zambezi Gas and Coal is a company fully owned by local black Zimbabweans and is currently producing 100 000 tonnes of coal per month with an aim of increasing production to 200 000 in the next three months. The firm is producing thermal, industrial and coking coal but currently preparing to do underground coal mining.
At Makomo Resources, President Mnangagwa urged the coal mining firm to have a road map for expansion.
Makomo is a major supplier of coal to Zimbabwe Power Company and is one of the only two companies awarded a contract by Zesa to supply coal to the expansion project. Makomo Resources is seeking a huge expansion in the next three years to meet the demands of the Hwange Thermal Power Plant expansion project.
The President expressed gratitude at seeing Makomo Resources operations saying this is the second indigenous company he has visited in Hwange and assured the firm of government’s support.
By ZBC Reporter