Zimbabwe is one of the richest countries on earth with over 63 discovered minerals.
It is a haven for Mining enthusiasts and is home to almost every mineral any Mining die-hards can ever dream of. From Gold to Platinum, Lithium, you name it we have it.
Many across the globe have unanswered questions on how they can have a piece of the Zimbabwean cake and Mining Zimbabwe took the opportunity to interview Zimbabwe’s Mines and Mining Development Minister Hon Winston Chitando to shed light on investing in Zimbabwe Mining.
Here is how the Mines and Mining Development Minister Hon Winston Chitando Investment Interview went.
KS May you give a brief description of the Mineral Resources in Zimbabwe?
• Zimbabwe has excellent geology, comparable to that of leading mining economies and has
unique and highly prospective geological environments:
• Expansive craton with high diamond prospectively;
• Widespread greenstone belts rich in precious metals, precious stones, base metals and
industrial minerals;
• The Great Dyke;
• Precambrian sedimentary basins rich in placer gold and diamond deposits
• Karoo basins rich in coal, coal bed methane gas (CBM), natural gas and uranium.
• Metamorphic belts rich in pegmatite minerals such as lithium, tantalite, rare earth elements
etc.
• Zimbabwe is host to about 60 minerals whose commercial profitability has been proven at
one point or another. The major minerals found in Zimbabwe include Gold, Platinum Group
Metals (PGMs), Diamonds, Chrome, Ferrochrome, Nickel, Copper, Iron, Lithium, Coal, Coal
Bed Methane (CBM) gas etc. Zimbabwe also has huge potential for Rare Earth Elements
(REE) as well as oil and gas.
Why should investors consider Zimbabwe and why?
Zimbabwe’s mining sector presents many competitive opportunities to different needs of diverse
investors as a result of:
• The abundance of mineral resources;
• Availability of a highly skilled labour force that is willing to work;
• Attractive Investment Incentives;
• Functional systems:
i. Effective and efficient minerals marketing system;
ii. Investor-friendly Mines and Minerals Act – currently being amended to
iii. make it more competitive;
iv. Responsive to relevant Government Ministries and institutions;
v. Progressive policies e.g. Ease of Doing Business and Rapid Results
vi. Initiative (RRI);
vii. Availability of good basic infrastructure – power, water, rail and road network.
Get the full interview on issue 55, page 8 HERE
