Zimbabwe’s second gold refinery on the cards

By Davison Vandira

GOVERNMENT is forging ahead with its quest to decentralise economic activities across the country, with a local firm, Better Brands having been granted a licence to construct Zimbabwe’s second gold refinery in Bulawayo.

Presently, Fidelity Printers and Refinery is the only centre for purification of the yellow metal, but the situation is set to change with other entities like Better Brands coming on board.

The move comes at an opportune time in Zimbabwe’s development matrix with regards to value addition and beneficiation of the country’s natural resources.

Zimbabwe has been lagging behind in terms of moving up the value addition ladder hence the investment by Better Brands is welcome considering the contribution of the Southern region in gold production over the years.

The company’s Chief Executive, Mr Scott Sakupwanya is grateful to the Second Republic for creating a conducive business environment which is friendly to green field investments.

“I am very happy to announce that after being given the gold refinery licence, work has commenced in Bulawayo with respect to the construction and we expect this to be completed next year such that it coincides with the attainment of the mining vision,” said Sakupwanya.

Since the inception of the Second Republic, all the country’s productive sectors have been witnessing significant progress, dovetailing with national aspirations of wealth and employment creation.

The post Zimbabwe’s second gold refinery on the cards appeared first on ZBC NEWS.

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