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President Mnangagwa Optimistic As Prices Of Precious Metals Go Up

President Mnangagwa Optimistic As Prices Of Precious Metals Go Up

President Emmerson Mnangagwa has expressed optimism in the recovery of the economy saying a surge in prices of precious metals like gold is good news for Zimbabwe.

The Southern African country produces some of these precious metals which mean the Government can leverage their firming international prices to minimise economic shocks. He said:

As I write, prices of key minerals which Zimbabwe has and offers to the world, are firming up on the world market. Gold is creeping towards US$2000 an ounce; palladium which is part of our PGMs is well above US$ 3000; the price of platinum is firming daily, pointing to bright prospects.

Lithium, already enjoying a pride of place because of the seismic shift to green economies, can only bring rich rewards to our economy.

Diamonds are holding their own, in fact rising. My recent meeting with representatives of the World Diamond Council in Brussels showed a great appetite for our parcel.

Soon our Zimbabwe Consolidated Diamond Company will be in the market with several parcels.

All these good auguries in the mining sector make our USD$12 billion target realistic and achievable by 2023 if not much earlier.

He speaks as fuel prices which went up recently due to a conflict between Russia and Ukraine had prompted analysts to predict that the Zimbabwean economy will slow down and probably recede.

Recent studies established that mineral exports account for about 60 per cent of Zimbabwe’s export earnings and the mining sector contributes around 16 per cent of national GDP.

More: The Sunday Mail

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5 Comments

Mutadza 5 months ago

Henrietta Rushwaya . What happened after?


Sasha 5 months ago

Rachel guzha aripi zvakatanga kare izvi, itai dzamara

Ghetto Yut 5 months ago

Kkkkkkkkk zvakatovharana mari ye goridhe inodyiwa ne vene vayo lol

chatunga 5 months ago

A top civil society activist has said Gukurahundi was never a result of tribal differences but was a strategy by then Prime Minister Robert Mugabe to consolidate power.

Gukurahundi, is a term used to refer to disturbances in Matabeleland and Midlands in the 1980s which resulted in the death of an estimated 20 000 people when the state sent the North Korean-trained Fifth Brigade to “deal with dissidents.”

Ibhetshu LikaZulu secretary-general Mbuso Fuzwayo says the current Ndebele versus Shona narrative was beneficial to the perpetrators, the state, which employed those that killed people on its orders. Fuzwayo said:

The difference between the Gukurahundi genocide and what happened in Rwanda is that Rwandans killed each other, it was not their state, but here there were people who were paid, on government payroll, civil servants who were taking instructions from the executive. That is why you see the minister of State, Minister of Defence (Emmerson Dambudzo Mnangagwa) and Head of State, who happened to be Robert Mugabe then, issuing statements that were inciting. It is not a Shona versus Ndebele, it is the government of Zimbabwe versus the people it was supposed to protect.

Besides Mugabe who described the massacre as a moment of madness, other Zanu PF leaders implicated in the genocide include Vice President Constantino Chiwenga who headed 1 Brigade in Bulawayo, and the late Perrance Shiri, known during that time

8 comments

kim luta 1 month, 1 week ago
kkk hona general vedu

Reply
MaFyt 1 month, 1 week ago
@BrightDube i may buy your story though i dont have facts to point out

Reply
Pogba 1 month, 1 week ago
Politicians doing dirty tricks to silence Citizens

Reply
Hameno 1 month, 1 week ago
Diiko 2008 handina neremuromo kana Simba rekut pfee handina vanhu vakaslaughter kana mazogara takatombochinja pekungara

Reply
S 1 month, 1 week ago
Zvakaoma kuzvinzwisisa. Isu taingpnzwa tiri vadiki kuti vaibvunzwa kuti unoda Long Sleeve or Short Sleeve. Kuri kudamburwa kwe maoko. I don't know how true it is though.

Reply
MuGrade 2 1 month, 1 week ago
I always Shonas that whenever e Ndebeles talk about Gukurahundi,e Shonas must not to defend Mugabe, because most Shonas believe that Gukurahundi is Ndebele vs Shona war..no it's not.The gvt shld be help accountable atrocities.. early 2000 violence...2008 violence n so forth...

Bright Dube 1 month, 1 week ago
You're an ****. Which Shonas believe that it was Shona against Ndebele? We all know what happened. There were rebels or infact terrorists called Dissidents who were busy ruining lives for the Shona. The soldiers were later sent because of the insurgents. They did what had to be done. I don't see any problem here. There are also terrorists in Mozambique who are being dealt with as we speak. I don't doubt that in the future they will claim to be victims even though

Tk 1 month, 1 week ago
True that and kwese vanongouraya vanhu vavanofanira kuchengetedza to conolidate power ,in mash central vanhu vakaurawa vamwe kudamburwa


Mboko 5 months ago

Haaaa d a k o renyu Ed



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