Acting President Retired General Constantino Chiwenga says the mining sector remains critical to the economic development of the country.
Officially opening the Zimbabwe Mining Investment Conference 2018 in the capital, Retired General Chiwenga said with over 40 minerals the mining sector remains one of the country’s highest foreign currency earners.
“The conference explores the various investment opportunities in Zimbabwe and the mining sector remains critical to the economy since it is one of the biggest foreign currency earners for the country.”
He said in line with the mantra that ‘Zimbabwe is open for business’, government’s thrust is now at attracting quality investment to ensure sustainable economic growth hence the need to come up with strategies to draw regional and international finance to realise maximum value from mining.
The Acting President noted that government will continue to pursue infrastructure development strategies to realise full potential benefits.
“Opportunities exist in the entire mining chain from exploration to value addition,”he said.
Retired General Chiwenga said positive reforms have been put in place to ensure Zimbabwe is a destination of choice and to guarantee investment protection.
“This thrust seeks to unlock the full value of Zimbabwe’s mineral wealth,” he said.
The Acting President urged players in the mining sector to shun corruption and to adhere to good corporate leadership that promotes a vibrant mining industry.
“We are a peaceful country and I urge all of you to take advantage of the peaceful environment…. Government will continue to say no to all forms of corruption,” he said.
Zimbabwe has the resources to be mined and the human capital, but lacks capital, hence this conference.