President Mnangagwa hints on uranium policy change

by | Sep 26, 2022 | Business, Local News | 0 comments

President Mnangagwa hints on uranium policy change

Tateguru Tv Writer

President Mnangagwa has invited investors interested in uranium to engage Zimbabwe for discussions around how partnerships can be formed in the mining of the precious metal.

Uranium can be used as fuel for nuclear power plants.

Speaking to a group of Zimbabwean citizens and potential investors during his recent trip to New York, President Mnangagwa said in the past, Zimbabwe held on to its uranium due to the sensitivities around the metal.

“When the British wanted to access this uranium we said we cant deal with them because they are colonial masters,

Then the Americans came and we said if we give the Americans, the Russians would quarrel. If we gave the Russians, the Americans would quarrel.

So we said as far as uranium is concerned no one will touch it,” said President Mnangagwa.

President Mnangagwa said however, Zimbabwe has been learning and now has a better understanding of the dynamics in the mining sector especially around uranium and other highly sought metals.

“Now I think we can allow those who want to come in, we are more enlightened about how to handle these things,” said President Mnangagwa.

He invited investors and other countries to come to the table for dialogue with Zimbabwe on how there can be a win-win structure in extracting uranium.