Zimbabwe, represented by Henrietta Rushwaya, President of the Minerals and Mining Federation of Zimbabwe (ZMF), made a significant presentation at a major mining seminar in China.
The event, themed “Mining in African Countries,” provided a platform for Zimbabwe to showcase its lucrative mineral opportunities to a global audience.
Rushwaya’s presentation on Tuesday, highlighted Zimbabwe’s vast mineral resources, emphasizing the country’s investment potential.
She effectively conveyed the economic benefits and opportunities available to Chinese investors seeking to capitalize on the nation’s rich mining reserves.
“Zimbabwe is often referred to as the “Jewel of Africa,” and rightly so. Our southern African nation is endowed with a wealth of natural resources, boasting over 40 precious mineral deposits and 17 rare earth minerals.
“Among these treasures lies 2.8 billion tonnes of platinum group minerals, making us the proud holder of the second- largest reserves in the world. We also have 4,000 recorded gold deposits, containing a staggering 13 million tonnes of gold,” she said.
Her presentation sought to attract significant interest, positioning Zimbabwe as an attractive destination for mining ventures.
“The mining sector contributes significantly to our Gross Domestic Product (GDP) and accounts for 80 percent of the country’s exports,
“Our government is committed to fostering a favorable investment climate, exemplified by the launch of the Zimbabwe is Open for Business” Mitiative by President Mnangagwa at the World Economic Forum in Davos in January 2018,” she said.
Rushwaya added that the Zimbabwean government has opened more mines, to enhance mining operations.
“As we look to the future, the prospects in Zimbabwe are bright. Our gold output reached an all-time high of 37.3 tonnes in 2022, up from 31.5 tonnes in 2021.
“The government has successfully reopened several mines, including the Eureka Gold Mine in Guruve and the Pickstone Peerless Gold Mine in Chegutu, creating hundreds of new jobs and reviving local economies.
“We are also making strides in enhancing the ease of doing business for coal miners and coke producers, with coke exports increasing by 327 percent between 2019 and 2024.
“The Zimbabwe Investment Development Authority stands ready to assist foreign companies with registration and investment processes, making it easier than ever to invest in our country. I invite you to consider the abundant opportunities that Zimbabwe offers. Our rich mineral resources, supportive government policies, and proven track record of successful mining projects make Zimbabwe an attractive destination for investment,” she said.
Joining Rushwaya were prominent Zimbabwean mining industry executives, including Johane Sithole and Timothy Chizuzu. The seminar also featured presentations from representatives of other African nations, fostering knowledge exchange and networking opportunities.
