Invest in beneficiation: Mnangagwa

PRESIDENT Emmerson Mnangagwa (pictured) has urged miners to invest in value-addition and beneficiation to boost revenues.

He made the remarks during the official opening of the 26th edition of Mine Entra at the Zimbabwe International Trade Fair (ZITF) held in Bulawayo last month.

Mnangagwa said increased investment in value-addition and beneficiation shouldsee Zimbabwe graduating to become a world-class exporter of processed minerals and related products.

“My government remains committed to creating a conducive investment environment which attracts the necessary capital and technologies,” he said.

“It is important to note that for our country to effectively benefit from our mineral resources, it is necessary that we have a well-trained and adequately equipped labour force, together with enabling institutions, networks as well as a vibrant ICT eco-system.”

Mnangagwa also emphasised the need for responsible mining practices.

“I urge you to also adhere to the responsible mining initiative, which was launched by my government,” he said.

“We only have one Zimbabwe and our mineral resources are finite. Let us, therefore, always be good stewards and remain sensitive to the collective needs and quest to improve the quality of life for the people of our great country.”

Mnangagwa, however, warned that the mining sector was exposed to global shocks.

“Lessons from the present global socio-political and economic sphere, demand that we de-risk our economies against global shocks, mineral price volatility and other vulnerabilities.”