The Chamber of Mines Zimbabwe (CoMZ) expressed confidence in the recovery of mining houses in the country and their significant contribution to the government’s ambitious $12 billion target for 2023.
CoMZ Chief Executive Officer, Isaac Kwesu, stated that the chamber is hopeful that mining houses will bounce back and play a crucial role in achieving the sector’s target.
Kwesu acknowledged that the initial quota performance was negatively impacted by the power challenges faced by the country. However, he noted that the situation has notably improved.
The mining industry roadmap, launched by the Zimbabwean government in 2019, outlines the goal of reaching a milestone of US$12 billion by the end of this year.
Achieving the $12 billion target would not only signify a significant economic contribution but also reinforce Zimbabwe’s position as a prominent player in the global mining arena.