Philemon Jambaya
ASSISTANT EDITOR
Zimbabwe’s mining industry has emerged as a powerhouse, contributing significantly to the nation’s economic growth trajectory.
Mines and Mining Development Minister, Soda Zhemu revealed that the sector has amassed over US$20 billion from mineral exports since 2018. This monumental achievement underscores the pivotal role of mining in Zimbabwe’s economic landscape.
Speaking at the commissioning of Kamativi Mining Company’s spodumene mine and lithium flotation plant, Zhemu highlighted the stellar performance of the mining sector. Despite export regulations, the industry surpassed targets, particularly in the lucrative lithium subsector. The export of spodumene, petalite, and lepidolite generated over US$600 million, outpacing the set target of US$500 million.
Zhemu outlined strategies aimed at maximising Zimbabwe’s mineral resources. These include establishing special purpose vehicles for mineral exploration, revitalising dormant mines, and promoting value addition and beneficiation. Government initiatives also focus on regulatory frameworks and reopening closed.
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