Raw mineral exports to end soon – President Mnangagwa
Zimbabwean companies will soon be unable to export minerals in their raw form, President Mnangagwa has said.
He made these remarks at the 2022 Chamber of Mines Annual General Meeting, Conference and Exhibition today.
President Mnangagwa commended local businesses for their continued growth and urged them to start thinking around value addition.
“Growth in the mining sector will be anchored on increased investments in new technologies and operations which are in line with the Government’s thrust on value addition and beneficiation. Gone are the days of exporting products in their raw form.
Focus should now be on unlocking value from our rich mineral resource base for sustainable socioeconomic growth. Beneficiation in mining requires the development of backward and forward industrial linkages within the mining sector and across other sectors of the economy,” said President Mnangagwa.
President Mnangagwa commended mining houses for their contribution to the economy.
“I commend the mining stakeholders in our country for notable milestones realized across the key minerals such as gold which rose by 86%, diamonds increased by 51%, coal adding 21% and platinum by 13%. Despite these successes and in line with the theme of this year’s Conference ‘Consolidating Growth Drivers for the Mining Industry’. I urge mining houses to scale up the implementation of robust and forward looking strategies for accelerated and sustained growth,” said President Mnangagwa.
President Mnangagwa called on mining players to sustainably extract minerals in a manner that does not negatively affect communities and ecosystems.
“It is my expectation that mining houses now begin to green their operations through responsible mining towards low carbon emissions and a sustainable mining sector. Further the emerging Environmental, Social and Governance thrust in the mining sector now demands that mining houses create real benefits in which they are operating,” said President Mnangagwa.
Economists argue that exporting raw materials is equal to exporting jobs.