Audrey Galawu
The Zimbabwe Investment and Development Agency has introduced a Mining Claims Match-making platform to connect mining claim holders with potential investors.
The platform allows claim holders to register their claims and specify the type of assistance they are seeking, such as technical assistance, tributary partnership, joint venture partnership, debt funding, or a buyer for the mining claim.
ZIDA chief executive officer, Tafadzwa Chinamo said the platform allows investors to connect with holders of mining claims in Zimbabwe and express their interest in investing in them.
“Tonight, I’m excited to unveil our Mining Claims Matchmaking Platform. ZIDA will market the claims to potential investors on the platform.
“The platform is open to all mining claim holders in Zimbabwe, regardless of whether they are individuals, companies, or syndicates.
“Ladies and Gentlemen allow me to assure you that I’m confident this campaign is being supported by live customer relationship management.
This software is used to manage all our agency’s relationships and interactions with investors and potential investors.
“To register on the platform, claim holders need to scan and upload their identification documents, claim registration certificate, valid inspection certificate, and site map, and make a payment of US$500 per claim.
“To access the platform, investors need to register and submit relevant information, such as their contact details, investment objectives, and the type of mining claim they are interested in,” Chinamo said.
Investors also need to pay a registration fee of US$1 000. Once an investor's registration has been approved, they will be able to view registered mining claims and express their interest.
The investor will then be given further details to be able to contact and negotiate with the owner of the chosen claims on a one-on-one basis.
The platform has resulted in a significant reduction of the license processing cycle from twenty-one days to seven days.
In 2023, the Agency facilitated the development of the Regulations for the Special Economic Zones and General Investments, the Base Minerals Export Control Amendment banned the export of unprocessed lithium to encourage beneficiation.
“We continue to strive to promote and facilitate both local and foreign investment in the country, therefore, increasing Foreign Direct Investment and Domestic Direct Investment.
“In conclusion, I commit that we will continue to develop and implement more effective investment promotion strategies for Zimbabwe,” Chinamo added.
The mining sector attracted the most investment in Q2 2023, with 62 new licenses issued and a projected investment value of $202.7 million.
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