Zimbabwe is confident of a strong performance during the second quarter of 2019, after recording subdued figures during the first three months of the year.
The commencement of operations by new players, interventions by the government and expansion of capacity by existing entities in the mining sector is set to drive the envisaged strong performance as the country seeks to unlock the extractive industry potential.
Speaking on the sidelines of the 2019 Zimbabwe Chamber of Mines Annual Mining Conference in Victoria Falls, Mines and Mining Development Minister, Cde Winston Chitando expressed confidence of improved output in key minerals such as gold, platinum and diamonds during the second quarter.
“We expect a strong performance by the mining sector, during the second quarter, on the back of new entries and interventions that we are putting as the government to spur growth,” he said.
Zimbabwe is optimistic of achieving a 40 tonnes gold output target by year-end while ferrochrome production is expected to jump from 320000 tonnes in 2018 to 450000 tonnes by December this year.
During the first three months of the year, gold production stood at 6.9 tonnes down from 7.3 tonnes recorded during the same period in 2018.
The 2019 Zimbabwe Annual Mining Conference, running under the theme: ‘Realising Vision 2030 Through Mineral Resource Led Growth,’ will see delegates deliberating on strategies to accelerate the growth of the mining sector, as the country is eyeing to increase mining sector revenue to 12 billion by 2023.