daniel chigunwe
Oliver Kazunga
Senior Business Reporter
MINES and Mining Development Minister Winston Chitando has called for a multi-faceted approach to restore viability of mining operations in the country on the back of the existing challenges.
In recent years, the global mining industry has faced unprecedented challenges, from fluctuating commodity prices to regulatory uncertainties and geopolitical tensions.
Officially opening the Chamber of Mines of Zimbabwe annual conference in Victoria Falls today, he said the mining industry has long been a cornerstone of the country’s economy, contributing significantly to the Gross Domestic Product, employment and infrastructure development.
“It is a sector with immense potential to drive economic growth, promote sustainable development, and improve the livelihoods of our people.
“To restore the viability of mining operations in Zimbabwe, we must adopt a multi-faceted approach that addresses both short-term challenges and long-term sustainability.
“This requires collaboration and partnership between Government, industry stakeholders, and local communities,” he said.
Chitando said the Government is creating an enabling environment that promotes investment, innovation, and transparency.
“This includes streamlining regulatory processes, addressing infrastructure deficiencies, and providing fiscal incentives to attract both domestic and foreign investment.
“ The Government continues to undertake extensive infrastructure initiatives such as rehabilitating roads, upgrading airports, enhancing power generation—particularly through the expansion of the Hwange power station—and constructing dams.
“These efforts are aimed at establishing essential foundations for the development of our economic sectors, including mining.”
He said the 2nd Republic is promoting responsible resource management and sustainable development, adding that this means promoting environmentally sound mining practices, investing in skills development and technology transfer, and ensuring that mining benefits are equitably shared among all stakeholders, particularly local communities.
“The mining industry must harness the power of technology and innovation to optimize mining operations and enhance productivity.
“The Fourth Industrial Revolution presents unprecedented opportunities to improve efficiency, reduce costs, and mitigate risks in the mining sector.
“By embracing digitalisation, automation, and renewable energy solutions, we can create a more resilient and competitive mining industry,” said Chitando.
Bongani Ndlovu