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BizDay Zimbabwe

Mines AGM to Set Tone for Development

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HARARE – Zimbabwe Chamber of Mines President Winston Chitando says the Annual General Meeting (AGM) scheduled for next week is expected to sow seeds of what needs to be done in the coming years to allow mining to contribute further to economic development.

The Chamber of Mines AGM  is slated from May 16-May 18 in Nyanga. The conference will run under the theme Where to From Here: Managing and Developing the Mineral Wealth of Zimbabwe for Tomorrow.

Speaking at the pre-conference and AGM briefing in Harare on Tuesday, Chitando said the objective of the annual meeting was to generate debate on the best practices in mineral resources management and develop a common understanding on what measures are necessary to position Zimbabwe to attract the much needed capital into the mining industry.

“We also intend to sow seeds of what needs to be done in the coming years to allow mining to contribute further to economic development. And to create the necessary platforms for greater cooperation between private and state institutions.”

Overall, the mining sector was inadequately funded. It is estimated that over US$5-7 billion is needed over the next couple of years for the mining industry to operate at and increase capacity.

Chitando – who is also MD for Mimosa Platinum –  said that as at Mimosa, indigenisation discussions were ongoing.

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