By Yolanda Moyo
Zimbabwe’s mining sector is targeting Dubai investors on mineral prospecting to fully benefit from the vast resources.
Zimbabwe has a rich mineral portfolio whose resources are however under-explored.
These were the sentiments emphasised by the Zimbabwean mining delegation led by the Minister of Mines and Mining Development, Honourable Winston Chitando at the recently held Dubai Investment Conference.
“Those with appetite for exploration, Zimbabwe is the place. We need an investment into exploration as we target to grow the sector by 300 percent from 2.7 billion to 12 billion by 2023,” he said.
“We can assure anyone who wants to invest into Zimbabwe’s mining sector that as legislators, we have repealed all prohibitive laws to be a preferred mining destination,” Chairperson for Parliamentary Portfolio Committee Mines and Mining Development, Honourable Edmond Mukaratigwa said.
Representatives from the United Arab Emirates (UAE) royal family and the business community expressed willingness to invest more in Zimbabwe.
Marcin Lapa of the Office of H. H. Sheik Ahmed Bin Faisal Al-Qassimi-Member of the Ruling Family said: “It is a fantastic platform to exchange the knowledge. I learnt a lot. I learnt with whom to deal when coming to invest in Zimbabwe. I also learnt how I can access Zimbabwean market.”
In the two-day mining investment conference, the Minerals Marketing Corporation of Zimbabwe (MMCZ) and other mining stakeholders delivered presentations on the state of the country’s mining sector.