ED to launch ambitious US$$12bn mining roadmap next week

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PHILLIMON MHLANGA

PRESIDENT Emmerson Mnangagwa is set to officially launch a roadmap towards achieving an ambitious US$$12bn mining industry in the next four years as government moves to get more value from the capital intensive sector.

This would a 275 percent jump from the US$3.2bn achieved in 2018.

Government has identified mining sector as one of the key pillars to help quickly underpin Zimbabwe’s economic turnaround.

Mining and Mining Development minister Winston Chitando confirmed on Friday on the launch of the roadmap.

“On Monday [next week], President Mnangagwa will be unveiling the US$$12bn mining milestone, which was endorsed by Cabinet a few weeks ago” Chitando said.

“He [President Mnangagwa] will give details on the roadmap towards achieving the milestone mineral by mineral and project by project.”

Cabinet has also approved the setting up of provincial committees to be chaired by provincial mining directors to coordinate mining related activities.

The committees will also include   provincial heads of Environmental Agency, Zimbabwe National Water Authority, Zimbabwe Energy Regulatory Authority and directors from Local Government Ministry.