Investors who attended the Investing in Africa Mining Indaba were charmed by the Minister of Mines and Mining Development Hon Winston Chitando’s presentation of the vast opportunities available in the mining sector in Zimbabwe.
Rudairo Mapuranga
The Minister in his speech presented the abundant opportunities available for investors from exploration, extraction, mineral processing, equipment and consumables supply among other mining-related opportunities.
He outlined the country’s geological mapping and provided all the geological potential for the Investors.
“Zimbabwe has excellent geology, which is unique and highly prospective. It has widespread greenstone belts rich in precious metals, precious stones, base metals and industrial minerals,” Minister Chitando said.
“The country also hosts 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,” he continued.
Chitando also represented the mineral potential highlighting that Zimbabwe has some of the richest greenstone belts in the world.
“The country has Over 4 000 recorded gold deposits, all of them located on ancient workings. More than 90% of gold deposits in Zimbabwe are associated with greenstone belts which are considered to be some of the richest in the world,” the Minister said.
“Zimbabwe hosts the second largest platinum group metals resource in the world on the great dyke. Potential outside the great dyke is still to be investigated,” he continued.
“The Zimbabwe craton is comparable to the Kaapvaal, the Siberia, the Slave, and the Congo cratons; and has huge potential for economic kimberlites. At least 160 kimberlites have been discovered in Zimbabwe, most of which are yet to be evaluated.
The Minister also indicated that there was a potential for Coalbed methane (CBM) development due to vast coal deposits.
“Zimbabwe has large reserves of both thermal and coking coal in the mid-Zambezi basin and the Save-Limpopo basin, with more than 26 billion tonnes of coal resource.
“The country’s deep-seated coal deposits offer huge opportunities for Coalbed methane (CBM) development. Conservative estimates for the Lupane area indicate gas resources in excess of 100 million cubic metres,” he continued.
“Zimbabwe hosts one of the world’s largest resources of high-grade metallurgical quality chromite along the Great Dyke and the Greenstone belts. Significant resources are also found in the Greenstone belts – Shurugwi, Belingwe, and Mashava,” said Hon Chitando.
He then touched on the most sort after mineral in Zimbabwe today, Lithium, outlining the current projects.
“The country hosts some of the world’s largest lithium deposits. Lithium Mining projects in the country include Bikita Minerals in Masvingo Province, Arcadia Lithium Project in Goromonzi, Mashonaland East Province, Zulu Lithium in Matabeleland South, Kamativi mine in Matabeleland North and Sabi Star in Buhera, Manicaland,” Chitando said on Lithium.
“The country has high nickel prospectively with more than 30 deposits having been discovered,” the Minister continued.
He also alerted the audience on the occurrences of huge commercial deposits of Rare Earth Elements.
“Zimbabwe has huge potential for REE. Though there has not been systematic exploration for REE, there are prospects with information suggesting possible occurrences of huge commercial deposits of REE.
The Minister also presented opportunities available in mineral processing and beneficiation.
“The main thrust is on mineral beneficiation along the mining value chain to convert the country’s mineral resources into a catalyst for economic growth. The country has huge mineral resource endowments to support the development of local value chains: Gold, Diamonds, Semi-precious Stones – Jewellery
“Manufacturing Chromite, Iron, Nickel, Carbon (from coal) – steel manufacturing and downstream engineering products Hydrocarbons (Coal+ CBM) – power generation, petrochemicals and fertilisers
“Graphite, Lithium – battery manufacturing industry ceramic industry Phosphates – manufacture of fertilizers.”
Hon Chitando said that the country has a highly diversified mineral endowment, therefore Investment opportunities exist across the entire mining value chain as follows,
Exploration – both brownfield and greenfield. The country is still under-explored and there is huge potential for new discoveries, particularly using modern exploration techniques.
Mining and Extraction – most of the mines are using antiquated machinery and require retooling to increase efficiency and productivity.
Across linkages with the entire economy – These include local value addition; support services such as supplies of mining equipment and consumables, financial services, management and consultancy.
This concluded the minister’s speech. Many interested prospects then lined up to learn more from the Minister who has had busy days since his appearance at the Indaba.
About Mining Indaba
Investing in African Mining Indaba (Mining Indaba) is solely dedicated to the successful capitalisation and development of mining interests in Africa. Succeeding for over 27 years, Mining Indaba has a unique and widening perspective of the African mining industry, bringing together visionaries and innovators across the entire value chain. Mining Indaba is the space for unmissable, high-impact networking, and creating opportunities and conversations to land deal after deal.