Zimbabwe On Course To Achieve US$12 Billion Mining Industry By 2023 - Minister

The minister of Mines and Mining Development, Winston Chitando has said Zimbabwe is on course to achieve the US$12 billion mining industry by next year.

He told ZBC News on the sidelines of a Chamber of Mines Conference in Victoria Falls this Thursday, that the outlook of the mining industry is positive. He said:

We did US$5,3 billion last year. This year we expect to do over US$8 billion and we will get to US$12 billion next year.

Chamber of Mines President Colin Chibafa repeated Chitando’s remarks. Chibafa said:

We know there are some doubting Thomases out there, but we believe with the right conducive environment, anything is possible. In our minds the journey of achieving the US$12 billion is attainable with the right policies. The conference is over two days; today we have the gold symposium. We are looking at the challenges facing the gold sector and how we can enhance production from the gold sector.

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President Mnangagwa launched the ambitious strategic roadmap in 2019 to unlock the US$12 billion in mining earnings as one of the key priorities to transforming the country’s economy and widening job opportunities.

The mining sector is critical in generating foreign currency, contributing about 70 per cent of the country’s forex earnings, according to official data.

This year’s output is expected to surpass the current annual peak of 35 tonnes.

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