The countryâ€™s mining industry is this year expected to grow by 60% on the back of improved production and viability for several mineral commodities.
The sector is expected to register increased output due to the prevailing stable economic conditions that have also provided a platform for the re-opening of mines which had shut down operations.
According toÂ 2011 mineral production target statistics from the Chamber ofÂ Mines, theÂ anticipatedÂ growthÂ in strategic mineral production is, among other factors,Â set to unlock foreignÂ exchange receipts, create new jobs,Â facilitate viability of mines andÂ improveÂ business confidence.
Chamber ofÂ Mines President, Mr Victor Gapare, said inspite of the slow pace in terms of the revival of mineral production, projections show thatÂ minerals such as gold, platinum, chrome, coal, nickel and diamonds will surpass last yearâ€™s production volumes by more than 60%.
â€œThere is likely to be a surge in overall mineral production in a move that will translate into increased output in both the short to long term,â€ he said.
The miningÂ industry is being poised to take a lead in terms ofÂ facilitating economic recovery as well as ensuring that the projected 9,3% economic growth rate becomes a reality by end of this year.
Stakeholders in the mining industry are however calling upon relevant authorities to solve production constraints affecting several mines characterised by load shedding, shortages of raw materials and a weak domestic demand.