Lu­cra­tive deals clinched at Mine En­tra

Sunday News (Zimbabwe) - - Front Page - Du­misani Nsingo and Pre­cious Maphosa Busi­ness Re­porters

OR­GAN­IS­ERS of the coun­try’s pre­mier min­ing, en­gi­neer­ing, trans­port and con­struc­tion ex­hi­bi­tion, Mine En­tra, the Zimbabwe In­ter­na­tional Trade Fair (ZITF) Com­pany have de­scribed this year’s event as be­ing highly suc­cess­ful with nu­mer­ous ex­hibitors clinch­ing lu­cra­tive deals.

ZITF Com­pany mar­ket­ing and pub­lic re­la­tions man­ager, Ms Stella Nkomo, said most ex­hibitors were sat­is­fied with the num­ber of in­quiries and busi­ness deals they ob­tained at this year’s edi­tion of Mine En­tra. The ex­hi­bi­tion which started on Wed­nes­day and ended on Fri­day in Bu­l­awayo was held un­der the theme, “Min­eral Ben­e­fi­ci­a­tion: Cat­a­lyst for Eco­nomic Growth.”

“The ma­jor­ity of ex­hibitors whom we have en­gaged with have in­di­cated that they are pleased with the qual­ity of at­ten­dees as they were able to dis­cuss and seal lu­cra­tive deals. While the re­main­der had made good leads that were likely to yield pos­i­tive re­sults in the short to medium term,” she said.

Ms Nkomo also said this year there was in­creased in­ter­est in the ex­hi­bi­tion com­pared to the pre­vi­ous year.

“This year’s show saw a sig­nif­i­cant in­crease in in­ter­est from play­ers in the min­ing and re­lated in­dus­tries at­tract­ing a to­tal of 251 ex­hibitors show­cas­ing the evolv­ing in­no­va­tions in the min­ing in­dus­try. This fig­ure rep­re­sents an in­crease of 64 per­cent ex­hibitor up­take from last year’s clos­ing to­tal of 153,” she said.

Of the 251 to­tal ex­hibitors, 225 were di­rect ex­hibitors while 26 were in­di­rect ex­hibitors. A to­tal of 7 280 square me­tres of space were taken up rep­re­sent­ing 90.3 per­cent of avail­able space (8,080 m2). Four coun­tries took part at this year’s show namely China, Ja­pan, South Africa and Zam­bia. These coun­tries were rep­re­sented by 12 in­di­vid­ual com­pa­nies and five sub­sidiaries.

“The in­crease in in­ter­na­tional for­eign par­tic­i­pa­tion is re­flec­tive of a suc­cess­ful na­tional re-en­gage­ment strat­egy tar­geted at in­flu­enc­ing in­vest­ment in iden­ti­fied key driv­ers of the Zim­bab­wean econ­omy,” said Ms Nkomo.

Lo­cal par­tic­i­pa­tion was also 55 per­cent up from last year with 234 ex­hibitors tak­ing part. Of these, 55 per­cent of the ex­hibitors came from Harare while 39 per­cent came from Bu­l­awayo and the re­main­der from other cities. Ms Nkomo also praised the ex­hibitors for putting up im­pres­sive dis­plays.

“The qual­ity of ex­hibits was also quite im­pres­sive of­fer­ing a mix of equip­ment and ser­vices suit­able for dif­fer­ent sizes of min­ing op­er­a­tions as well as goods and ser­vices for other ac­tiv­i­ties within the min­ing value chain. Pop­u­lar ex­hibits in­cluded lo­cally-as­sem­bled granby cars, un­der­ground su­per­vi­sion and trans­port ve­hi­cles, turnkey min­ing plants for small scale min­ers, many of which haven’t been seen at the show for a while,” she said.

Ms Nkomo high­lighted that the event’s net­work­ing plat­forms were also highly at­tended.

“In ad­di­tion to a highly suc­cess­ful ex­hi­bi­tion, Mine En­tra 2018 also hosted a num­ber of wellat­tended net­work­ing and knowl­edge shar­ing plat­forms aimed at lever­ag­ing on the coun­try’s com­pet­i­tive ad­van­tages in the vast and di­ver­si­fied min­eral re­source en­dow­ment to stim­u­late eco­nomic de­vel­op­ment,” she said.

The ex­hi­bi­tion saw the host­ing of the Women in Min­ing Break­fast Con­fer­ence, which at­tracted 220 par­tic­i­pants, Young Pro­fes­sion­als’ Fo­rum and Mine En­tra Con­fer­ence.

“The con­fer­ence un­der­scored the need for a con­tin­u­ous assess­ment of the pol­icy en­vi­ron­ment to en­able an ex­pan­sion in the scope and ca­pac­i­ties of the in­dus­try. We are con­fi­dent that we shall see pos­i­tive re­sults be­ing achieved in the medium to longer term as the com­mit­ment to con­tin­u­ous en­gage­ment and to fol­low through on con­fer­ence res­o­lu­tions was pal­pa­ble,” said Ms Nkomo.

Mean­while, Mines and Min­ing De­vel­op­ment Deputy Min­is­ter, Po­lite Kam­ba­mura said small-scale min­ers have con­tin­ued to be the be­drock of gold min­ing in Zimbabwe. He said the Govern­ment will con­tinue to look af­ter the min­ers and will soon re­lease more min­ing claims to small scale min­ers.

“Govern­ment is recog­nis­ing this min­ing sec­tor and is pre­pared to sup­port it as the min­ing sec­tor con­trib­utes more than 60 per­cent of the na­tional eco­nomic de­vel­op­ment. It is high time large scale op­er­a­tors make use of their claims if they are not go­ing to use them they should be handed to the small scale op­er­a­tors,” he said.

Zimbabwe Min­ers’ Fed­er­a­tion (ZMF) pres­i­dent Ms Hen­ri­etta Rush­waya said her or­gan­i­sa­tion was work­ing to en­sure all the min­ers are prop­erly reg­is­tered.

“A to­tal of 16 per­cent of small scale min­ers are reg­is­tered there­fore as a Fed­er­a­tion we are work­ing to­wards com­ing up with a uni­form fee coun­try­wide for all small scale min­ers so that they have proper li­cens­ing doc­u­ments,” said Ms Rush­waya.

Newspapers in English

Newspapers from Zimbabwe

© PressReader. All rights reserved.