Zimbabwe is currently exploring 10 out of the 40 minerals available in the country due to lack of investment towards exploration work.
This was revealed by Mines and Mining Development Minister, Winston Chitando while addressing delegates who attended the just-ended African Down Under mining conference in Australia.
The just ended mining conference in Perth, Australia saw different countries presenting papers on the state of mining sectors in their countries.
Zimbabwe’s representative at the mining conference, Minister Winston Chitando told delegates who included prospective investors that the country is only exploring a quarter of the available minerals at a time when there is need for appropriate capital to unlock value in the mining sector.
Meanwhile, the Zimbabwe is Open for Business Forum hosted a luncheon on the sidelines of the mining conference which was attended by delegates whose companies are keen to explore the available opportunities in Zimbabwe’s mining sector.
“We are going all out to ensure that we get as many people as possible interested in channeling their investments to Zimbabwe. We have received a lot of enquiries at the booth where we were exhibiting,” said Moses Panashe, the Zimbabwe is Open for Business representative in Australia.
Personnel from the banking sector and the Chamber of Mines were at hand to answer questions from investors.