Zim on course to attain US$12 billion mining industry by 2023

By Tichaona Kurewa

Government says the country is on course to achieve the US$12 billion mining industry by next year, with US$8 billion set to be attained by the end of this year.

The Second Republic is confident the mining sector will achieve its 12 billion United States dollar mining industry by 2023.

In an interview with ZBC News on the sidelines of a Chamber of Mines Conference in Victoria Falls this Thursday, the Minister of Mines and Mining Development, Honourable Winston Chitando said the outlook of the mining industry is positive.

“We did US$5,3 billion last year. This year we expect to do over US$8 billion and we will get to US$12 billion next year,” he said.

Chamber of Mines President Colin Chibafa spoke on the rebounding gold out and the significance of the conference.

“We know there are some doubting Thomases out there, but we believe with the right conducive environment, anything is possible. In our minds the journey of achieving the US$12 billion is attainable with the right policies. The conference is over two days; today we have the gold symposium. We are looking at the challenges facing the gold sector and how we can enhance production from the gold sector.

“We are also looking at experience from the region. We are looking at what we can learn from Tanzania and from a policy perspective what is that we need. Tomorrow, we have the official opening by His Excellency, President Emmerson Mnangagwa. We will give him feedback on the gold sector symposium as well as other challenges facing other sectors of the economy and how we can increase contribution to the mining sector.”

The outlook for the mining sector remains positive with output expected to surpass the current peak of 35 tonnes this year.

The post Zim on course to attain US$12 billion mining industry by 2023 appeared first on ZBC NEWS.

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