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Zimbabwe Moves To Increase Mining Revenue

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First with the News

Zimbabwe Moves To Increase Mining Revenue

November 12, 2021
in Top Stories, World
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By Emmanuel Nduka

The Zimbabwean Government is seeking up to $8 billion to reopen closed mines to accelerate the recovery of the sector after the COVID-19 pandemic.

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Mining accounts for 12 percent of Zimbabwe’s Gross Domestic Product.

Among the wide range of minerals, gold stands out. Large miners produce up to one ton of gold per month, with smaller producers churning out 1.9 tons.

CEO of Zimbabwe Mining Federation, Wellington Takavarasha, speaking from Harare, the nation’s capital, stressed in the need to revive the southern African country’s mining sector.

 

 

Tags: Emmerson Mnangagwa.MiningZimbabwe
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