By ZBC Reporter
Zimbabwe’s business environment has received positive reviews from an international mining giant, Caledonia Mining Corporation, whose subsidiary firm, Blanket Mine is involved in extensive gold exploration in the country.
The firm’s Chief Financial Officer and Director, Mark Learmonth spoke from South Africa on the sidelines of an investment conference recently, describing as unfair the negative perceptions being peddled about Zimbabwe.
Stable, peaceful, hardworking human resources and fair payment terms! These are some of the words used by Caledonia Mining Corporation to describe Zimbabwe’s business environment.
Seeing opportunities in what other sectors of the global economy have sought to project as an unsafe and unstable environment to invest in, Caledonia Mining Corporation is producing 55 thousand ounces of gold yearly at its Blanket Mine in Gwanda, riding on the stability, peace and hardworking human resources in the country.
Amid the spotlight over gold deliveries to Fidelity Printers and Refiners and the payment matrix, Caledonia is overwhelmingly comfortable with the Zimbabwean government terms revealing they are getting profits to repatriate.
While some prospective investors could have been scared by the negative projection of the country’s investment climate by the country’s detractors, Caledonia Mining Corporation has provided first-hand testimony vindicating the Second Republic’s pro-business policy that is conducive for business expansion.
Under the National Development Strategy 1, Zimbabwe is currently on a drive to achieve a 12 billion United States dollar mining economy by 2023 and increased investments are key for the attainment of the target. Spurred by the broader Vision2030, the Second Republic is aiming to achieve an upper-middle-class economy by the year 2030.
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