Zimbabwe is endowed with abundant mineral resources; platinum is the obvious standout, with the country’s reserves second only to neighbouring South Africa, as well as one of the world’s richest diamond deposits in the Marange fields. But there is also significant potential in other resources such as coal and copper, as well as strategic industrial metals.
The new President Emmerson Mnangagwa has declared the country “open for business”, so is a mining surge on the horizon for Zimbabwe?
Confidence in Zimbabwe and its new regime is clearly growing as two companies form a partnership to explore for diamonds in the country.
Investment in Zimbabwe’s mining industry under Mugabe has been constrained by many factors, including the 2008
Indigenisation and Economic Empowerment Act, which created a requirement for all mining projects to be 51%-owned by Zimbabwean companies, a move to increase local benefits from mining activities, but one that was also open to abuse and made Zimbabwe’s mining sector an unattractive investment destination.
Since the November coup, Zimbabwe has relaxed rules on “indigenisation” – its home-grown empowerment legislation – which now doesn’t demand state control of foreign businesses except in the case of platinum and diamonds.
At Mining Zimbabwe Magazine we always bring rich information on the current state of mining affairs in Zimbabwe, potential investment opportunities, machinery, technology, artisanal mining and much more, and this edition is no different.
Since Zimbabwe is “open for business”, we also endeavor to increase our content base for our readers with a view to
bringing value to all stakeholders, investors, industrial companies in developing the Zimbabwean Mining Industry.
While no one knows what the future holds, the more time you spend educating yourself on the policies shaping your future, the better your business will be able to navigate the next several years.