zim mining indaba2.jpgForeign investors to the just ended Second Zimbabwe Mining Indaba have hailed the improving operating environment in the country and expressed commitment to partner locals on a win-win basis.

 

The Mining Indaba which has been described as a resounding success gave a platform for foreign and local investors to enter into strategic partnerships in the exploitation of the country’s vast mineral resources.

 

South African based mining expert, Mr. Gavin von Platen said most foreign delegates who lacked a clear appreciation of the indigenisation drive were convinced at the end of the meeting that partnerships in the sector should be on a win-win basis as prescribed under the Indigenisation and Economic Empowerment Act.

 

 “We are convinced that the Indigenisation Act is beneficial to both parties and presents the best possible arrangement.

“We are ready to work with the locals in the exploitation of the mineral resources,”said Mr. Platen.

 

Another foreign investor, Mr. George Gibbs said there have been significant improvements in the operating environment in the country and expressed commitment in assisting stakeholders in the sector towards the revival of the local mining industry.

 

“We have identified a number of opportunities in the country and we are glad that there has been improvements that have taken place from the time we had the first mining indaba,” added Mr. Gibbs.

 

Running under the theme: ‘Building Sustainable Mining Industry in Zimbabwe, Prospects and Challenges’ the 2010 Zimbabwe Mining Indaba provided a forum for the local mining industry and government to engage foreign investors towards addressing issues around the recapitalisation as well as revival of the mining industry.