Zimbabwe's mining sector is advancing the nation toward its 2030 vision of becoming an industrialized and prosperous country, according to Mines and Mining Development Minister Winston Chitando. The minister highlighted significant investments after visiting Hwange Colliery Company and the Zhongjin Heli Energy 5 Miles Industrial Park. These projects align with President Mnangagwa's economic growth objectives and commitment to value addition.
A joint venture between Hwange Colliery Company and Zhongjin Investments has invested $60 million in underground mining operations. The partnership will initially support production of 18,000 tonnes of coke annually, but plans to expand to 1.8 million tonnes per year. The Zhongjin Heli Energy industrial park represents over $500 million in investments and features a coal-fired power plant producing 100 megawatts of electricity.
The mining sector received $651.18 million in foreign investment during the first quarter, up from $434.54 million previously. Platinum group metals and gold continue driving revenues, while the sector accounts for 12 percent of gross domestic product and 80 percent of national exports.
A joint venture between Hwange Colliery Company and Zhongjin Investments has invested $60 million in underground mining operations. The partnership will initially support production of 18,000 tonnes of coke annually, but plans to expand to 1.8 million tonnes per year. The Zhongjin Heli Energy industrial park represents over $500 million in investments and features a coal-fired power plant producing 100 megawatts of electricity.
The mining sector received $651.18 million in foreign investment during the first quarter, up from $434.54 million previously. Platinum group metals and gold continue driving revenues, while the sector accounts for 12 percent of gross domestic product and 80 percent of national exports.
