Investors encouraged to partner with government to explore Zim mining
Zimbabwe’s Minister of Mines and Mining Development, Winston Chitando has emphasised two issues that will help stimulate the country’s mining industry, and tap into Zimbabwe’s under-explored mineral resources.
Chitando, who was addressing investors at the Mining in Zimbabwe Dialogue that took place on Tuesday at the One&Only highlighted the indigenisation threshold that is now in place for only diamonds and platinum and government’s endeavour to uphold policy clarity and consistency, saying these areas are where cabinet would like to see investors take advantage of.
The Minister commented that there are currently only three Exclusive Prospecting Orders in Zimbabwe and he invited more entities to partner with Cabinet to unearth more of what is in the country.
“Opportunities exist among others in asbestos, coal, iron-ore, platinum, lithium and nickel. Zimbabwe has good systems in place that, as one example, lead to quick turnaround time for exports,” he said
One of the current investors in Zimbabwe, Zunaid Moti, chairman of the Moti group, set the scene for the objective of the day – getting investors interested in Zimbabwe. He said, “Opportunities are based on relationships that were cultivated as result of difficulties that were worked through.
“This is my advice, build relationships with the Government. There is nothing that can’t be solved through conversations – it is truly open for business in Zimbabwe when the Head of Government invites you in for tea to talk about your interest in the country. The invitation is open to look at Zimbabwe in the positive light it deserves.”
Victor Kgomoeswana, author of ‘Africa is Open for Business’, who acted as moderator for the event, commented that it is the work ethic of Zimbabweans and resourcefulness – combined with the depth and breadth of what Zimbabwe is – that should inspire investors to have a presence in the country.
Ashruf Kaka, National Project Director of African Chrome Fields (ACF) and CEO of the Moti Group, echoed Kgomoeswana’s sentiment that Zimbabwe’s real beauty is the unwavering spirit of its people.
“The new dispensation led by His Excellency President Emmerson Mnangagwa have brought Zimbabwe into a moment of renewed hope where the shackles of the past are being broken down piece by piece.”
Kgomoeswana’s concluded, “It is early days yet, but the horizon looks much more promising for Zimbabwe than it did a few months ago. And if it looks optimistic for Zimbabwe, it looks optimistic for the SADEC region and so also for Africa.”