mining equipment.jpgFerrochrome and platinum mining sectors have created at least 500 jobs since January with the two minerals now dominating Zimbabwe’s resource export receipts.

More than $3 billion has been invested in chrome and platinum mining sectors since January.

The removal of Zimasco, the largest chrome producer from judicial management, coupled with new entrants in the industry and input from three platinum mining firms, Zimplats, Unki and Mimosa has had a positive effect on job creation.

The Minerals Marketing Corporation of Zimbabwe (MMCZ) which is the country’s key selling agent of all minerals with the exception of gold said platinum and ferrochrome are dominating resource export receipts at more than $700 million.

MMCZ Acting General Manager Dr Nomsa Moyo said mineral export receipts are thus expected to spur economic growth.

“It is our expectation that the growth will continue and we anticipate further growth of the resource sector contribution to overall economic growth,” she said. 

The opening of a new platinum mine Karo Resources, in Mhondoro Ngezi in the next few weeks is expected to increase employment creation.