Zimbabwe in $17 billion new mining drive

Zimbabwe in $17 billion new mining drive
Published: 18 May 2018
Zimbabwe will soon launch a new mining policy targeting to grow the industry to $17 billion by 2030, driven by a wave of foreign investments that will see a jump in production at existing operations and the development of new mines.

According to highly placed official sources, the medium-term mining blueprint lists gold, platinum, coal, coal bed methane (CBM), chrome and lithium as the key drivers of this growth that has potential to have positive spinoffs to the entire economy.

This comes as President Mnangagwa said during the signing of a $1 billion mining and power deal between Zimbabwe and China on Monday that the country was exploring possibility of stainless steel production in line with beneficiation of minerals.

The President has declared mining and agriculture as key drivers of the country's future economic development.
- Business Weekly
Tags: Zimbabwe, Mining,


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