Its the Zimbabwe Mining Investment Conference 2018. Hon W Chitando
Written by Panashe Madzinga on March 1, 2018
Zimbabwe Mining Investments Conference 2018 Meikles Hotel, Harare, Zimbabwe 27th – 28th February 2018
Zimbabwe has turned a new leaf and is Open for Business and is set on rapidly growing its economy with mining investors being key players.The Zimbabwe Mining Investments Conference 2018 will discuss as well as showcase the vast investment opportunities in Zimbabwe’s growing mining sector.The New Government is committed to supporting and protecting investors, ALL FOREIGN INVESTMENT IN ZIMBABWE IS 100% SAFE. Zimbabwe is endeavouring to be amongst the safest investment destinations with clear & predictable investments policies and incentives.
Zimbabwe offers a truly a once in a lifetime opportunity .The country’s 800 mines have capacity to earn US$18 billion per annum, but were only turning out about US$2 billion annually since 2009. This represents about a tenth of the sector’s full potential and translates to a an incredible opportunity for investors , and the Government is fully committed to create an enabling environment for investors.
Hon.Winston Chitando the new Mines and Mining Development Minister and an industry veteran says his vision is centred on making Zimbabwe a destination for mining investments and timeous implementation of policies to grow the sector.His vision is designed to increase capacity utilisation, capital for miners and exploration.He has said policy consistency and clarity were some of the key issues that he is committed to putting in place to build and maintain confidence which will enable Zimbabwe to attract the much-needed mining investments in the sector. with the right policies and a predictable policy framework as already demonstrated by repealing the indigenisation legislation in all areas of mining except for diamonds and platinum.
This year we are expecting over 300 high-level decision making delegates who will be attending to discuss view projects and speak to the project owners. Build relationships with the most important local , regional and international senior executives involved in Zimbabwe’s mining sector. We are bringing together mining companies , Government stakeholders and a broad range of investors including sovereign wealth funds,Institutional investors , fund managers, corporate investors , offtakers ,mining consultants, private equity managers, debt equity financiers, asset managers, investment banks , frontier funds,impact investors , family offices ,DFIs , MFIs , and the media – make sure you join us to connect with these key stakeholders. Zimbabwe is on a path to becoming one of the leading mining investment destinations in Africa.See you Zimbabwe Mining Investments Conference 2018 Meikles Hotel, Harare, Zimbabwe 27th – 28th February 2018
ABOUT ZIMBABWE MINING :
Zimbabwe has vast mineral wealth over 60 minerals including platinum, chrome, gold, lithium, coal, tin, copper, limestone, Coal Bed Methane,natural gas, granite and more. Zimbabwe has the 2nd largest Platinum and chrome deposits in the world, is the 5th largest producer of lithium in the world.Zimbabwe has 765 billion cubic metres of measured coal-bed methane resources and 30 billion tonnes of coal and 21 known deposits. Mining companies operating include Zimbabwe include Zimplats, Mimosa Platinum, African Chrome Fields, Caledonia Mining Corporation,Vast Resources Plc, Metallon Corporation, Anglo American , African Chrome Fields ,Makomo Resources, Prospect Resources , Premier African Minerals, Hwange Colliery , ZIMASCO , ZMDC and many others. Zimbabwe is poised to produce 28 tonnes of gold this year with production spurred by small scale miners.It is the 5th largest lithium producer and production is poised to increase further with expansions plans by Bikita Lithium and with Prospect Resources presently seeking to raise USD$50 Million to go into production.PAM is in the process of defining its lithium resource.Zimbabwe is aiming to produce and export 500 000 tonnes of chrome and has the second largest chrome reserves in the world. Metallon Corporation plans to increase gold output to 500 000 oz in the next 5 years. There are many emerging producers as well as exciting exploration, brownfield and operating projects starved of capital that represent an outstanding opportunity for investors to move in now to reap the rewards in the future.
Zimbabwe’s is on the path to being one of the leading mining investment destinations in the world .
Zimbabwe’s mining sector has great potential for growth with the potential to attract USD$12 Billion over the next 5 years.The Government is committed to creating mutually beneficial policies and conditions for the sector’s growth.Mineral export receipts of $2,5 billion are projected for 2018, up from $2,3 billion in 2017.The mining industry contributes around 13% of gross domestic product and 68% of Zimbabwe’s total export receipts.