Kamativi revenue should benefit all Zimbabweans – Mnangagwa
President Emmerson Mnangagwa has emphasized that the opening of the Kamativi Lithium mine should result in a win-win approach between the state and investors.
Speaking at the Kamativi Mining Company (KMC)‘s spodumene mine and phase one processing plant commissioning ceremony held on Friday at Kamativi, the President said the development of the mine will lead to a better future for local communities and the environment due to government engagement with the mine.
“My government remains ready to work closely with Kamativi Mining Company (KMC) to ensure our collective success. The revenue accruing from mining assets should benefit all of us—shareholders, investors, management and staff, as well as the generality of the people of Zimbabwe,” President Mnangagwa said.
President Mnangagwa stated that the government remains ready to work very hard and is collaborating closely with collaborative mining companies to ensure collective success in the country.
“The revenue and profits from this enterprise should benefit us all.
“No exploitation of the investor, no exploitation of the country in which you invest. Zimbabwe is in a situation where the mining industry must ensure that the investor is satisfied. The country in which you invest must also benefit. Zimbabwe is open for business,” the President said.
Speaking at the same event, KMC’s majority shareholder Yahua Group Chairman, Mr Meng Yan, emphasized that China-Zimbabwe relations remain anchored in the operational principle of consultation, collaboration, construction, shared prosperity, and win-win cooperation.
“Through strict adherence to the laws and regulations of Zimbabwe, we continue to observe operational safety, striving for excellence in quality, efficiency, and environmental protection.
With the support of the Government of Zimbabwe, we will develop the Kamativi mine into a paragon of modernity, technological prowess, safety, environmental stewardship, global renown, and sustainable development.
The Yahua Group aims to make an indelible contribution towards Zimbabwe’s socio-economic development and achieve Vision 2030,” Meng Yan said.
Speaking to Mining Zimbabwe on the sidelines of the event Matabeleland Senator, expressed hope that the people would benefit from the revenue generated from the operations of the mine.
“Well, this is a very important project, a very critical project in our district. This demonstrates how rich our country is, and this project will be a milestone in terms of improving the lifestyle of our communities, enhancing our fiscal position, upgrading our roads and infrastructure, improving the quality of education, and enhancing all social amenities. So we hope that the money generated here will benefit the locals,” Tshabangu said.