Zimbabwe’s mining industry requires $400 million to sustain operations next year, almost double the $211 million invested this year.
The 2017 mining survey industry report indicates that the anticipated expansion in several mining operations such as exploration, feasibility studies, procurement of new machinery, environmental impact assessments and employment costs, among others, have resulted in a rise in terms of requirements for the impending year.
Chamber of Mines CEO, Mr Isaac Kwesu said the mining sector, which has played an important role in the economy, seeks additional funds to consolidate growth rates.
The Minister of Mines and Mining Development, Cde Winston Chitando recently told delegates in the mining sector during the launch of the report that the government will continue to support the industry.
The platinum sector requires $200 million next year, gold $110m, coal $70m, chrome $20,77m and nickel $3,57 million, according to the report.