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Zimbabwe: $12 Billion Mining Construction Project to be Introduced by President Mnangagwa

Posted On 15 Oct 2019
By : New Africa Daily News, Staff Correspondent
Comment: 0

By Abdul Rahman Suagibu –

NEW AFRICA DAILY  NEWS, Freetown, Sierra Leone- Zimbabwe, Hon Winston Chitando, The Minister of Mines and Mining Development has promulgated that; the launch of the $ 12 billion mining industry construction plans by 2023 will be introduced for the first time in the history of the country by the President of Zimbabwe next week.

The government and the people of Zimbabwe is expecting the best in all possible ways, that the economic restoration of the erstwhile gigantic in African nation lies in the Mining sector. In addendum, it has created a $ 12 billion mining project that will showcase the mining sector only rejuvenating the economy of Zimbabwe.

Chitando revealed that “The achievement and details of the $ 12 billion target will be unpacked next week by the President.”

Chitando also said that each sector will be given a specific target to reach by 2023. Chitando was also optimistic that the diamond sector will contribute a fair amount towards achieving the $ 12 billion dollar target.

“The diamond sector has got a significant share to the attainment of $ 12 billion. There will be a specific target which will be given the Mining sector” Chitando noted.

Chitando, however, ruled out lithium on producing a significant share towards achieving the 12 billion dollar target by 2023 but according to the Minister, the full potential of lithium in Zimbabwe will be realized after 2023.

“The full potential of lithium production will not be incorporated in the 12 billion dollar mark,” said Minister Chitando.

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Africa’s Most Read and Fastest Growing Global Newspaper.  Visit New Africa Business News at www.newafricabusinessnews.com

For New Africa Daily News Abdul Rahman Suagibu Reports,  Africa Correspondent

www.newafricadailynews.com

About the Author
New Africa Daily News, Staff Correspondent
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  • To Our Dedicated Readers…
  • Experts Divulged: African Nations should brace up for Digital Technology in the Education Sector to Expedite Africa’s Financial Growth and Quality Education
  • The East Africa Device Assembly Kenya (EADAK): Sold 360,000 devices being Inaugurated on its Blast-off in October 2023
  • ….as it strives to Exploit its Supplies of Fossil Fuels: £19 Billion Gas Pipeline would pass…13 Countries
  • In a Bid to Accelerate Green Energy Economy, Kenya Reveals a 10-year Implementation Plan

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