News
Market
Jobs
About
Contact
List Product
Register
Login
Generate
WhatsApp Message
*Zimbabwe Risks Missing The US$12 Billion Mining Industry By 2023 Target* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?ml Zimbabwe risks missing its ambitious target of making the nation’s mining industry a US$12 billion industry by 2023 as it has already missed its US$3.7 billion mineral sales targets for the 11 months of 2022. Zimbabwe On Course To Achieve US$12 Billion Mining Industry By 2023 – Minister Sales were just under US$3 billion as of October 2022 mainly due to commodity prices underperforming in the period under review, NewsDay reported citing Minerals Marketing Corporation of Zimbabwe (MMCZ) general manager Tongai Muzenda. He is quoted as saying: ---------- *HOT DEALS:* *itel A70 - (128GB, 3GB RAM) $89,* *itel A70 - (256GB, 4GB RAM) $99* *itel P40 (128GB, 4GB), (6000mAh) $99* *itel P40 (64GB, 4G), (6000mAh) $93* Cash on Delivery in Harare & Bulawayo. Tinotumira kwamuri inosvika. WhatsApp: 0️⃣7️⃣8️⃣3️⃣ 4️⃣5️⃣0️⃣ 7️⃣9️⃣3️⃣ ---------- > Up to the end of November 2022 total sales excluding gold which is under the purview of FPR, were close to US$3 billion up to the end of November which is lower than budgeted for. We had hoped to get up to US$3,7 billion by the end of November. > But if you compare to last year we were very close although we are still below, last year we were just over US$3 billion for sales. > Generally the market has been low on most of our minerals, on ferrochrome and chrome, for example, and buying interest was quite low against the backdrop of a reduction in stainless steel production. Muzenda said the biggest contributor was the platinum group of metals (PGMs), coal and its products such as coke. He said the smaller contributors included iron, manganese, copper and steel products. He added that global supply for the platinum group of metals was expected to be 9% lower in 2022 compared to 2021. Muzenda also said platinum demand and prices appear to be on course to recovery and the highest is rhodium. Gold and other minerals combined could rake in an estimated US$5.1 billion in 2022. *More Pindula News* _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
Copy to clipboard
Give us Feedback
Full Name
WhatsApp Number
Feedback
Submit
Feedback