Zimbabwe’s mining sector is eyeing improved performance of over US$1.9 billion in annual revenue through the adoption of strategies geared to sustain the current growth momentum and the improvement of the operating environment.
Strategies to unlock the potential of the domestic mining sector and positioning of the industry to benefit from the projected boom is set to dominate discussions during the ongoing 78th Zimbabwe Chamber of Mines annual general meeting taking place in the resort town of Victoria Falls.
The local mining industry representative body is bullish of growth in the sector after the resilience demonstrated by the sector in 2016 which saw earnings from the sector reaching US$1.94 billion while output surged was up by eight percent.
Zimbabwe Chamber of Mines immediate past president, Mr Toyendepi Muganyi says there is need for both government and mining industry players to plan for the anticipated boom.
Meanwhile, the 78th Chamber of Mines of Zimbabwe -AGM has ushered in a new executive with Bindura Nickel Corporation managing director, Mr Batirayi Manhando elected as the new president and will be deputised by Mrs Elizabeth Nerwande-Chibanda as well as Mr Kenneth Makane.
Mines and Mining Development Minister, Cde Walter Chidhakwa is the honourary vice president of the mining industry body.
Running under the theme, “Growth to Boom, Imperatives for Mining Success,” the gathering will see delegates deliberating on legislative issues affecting the sector, efforts to achieve local content and recapitalisation of the sector and industry linkages.