Mineral production set to increase, ED
Speaking at this year’s heroes commemoration held at the national heroes acre, the President of Zimbabwe Emmerson Dambudzo Mnangagwa said that the mining sector is now driving towards full production due to the liberalisation of the interbank foreign currency exchange rate that has been put in place.
Rudairo Dickson Mapuranga
According to the president, the interbank exchange market produced tremendous results since its initiation and it is now attracting USD5 million a day.
“To date, the interbank trades average around US$5 million per day. We expect this to continue to increase on account of further liberalisation put in place by the Reserve Bank” said president Mnangagwa.
According to the president, through liberalisation, the mining, manufacturing and commerce will drive towards full production.
“The mining, manufacturing and commerce sectors of the economy should now drive full production ” said the president.
According to the president, the mining sector continues to receive investments due to the government liberalisation of different sectors.
According to the president ,the sector is receiving mining investments from both the exploration, mining setup and benefitiation sectors.
“In the mining sector we continue to receive investments through the expansion of existing projects, exploration, the opening of new mines as well as mineral benefiation ” said Mnangagwa.
The president also urged miners to transform the mining sector through hard work and honesty.
The president also urged miners to transform the mining sector through hard work and honesty.