The Zimbabwe Institute of Foundries (ZIF) has struggled to raise the US$100 million needed for sector revival after the government advised them to seek funds from local members, reports Mining Zimbabwe.
ZIF Chief Dosman Mangisi said the focus is now on partnerships with medium-scale miners and banks.
The foundry sector, key to Zimbabwe’s mining and manufacturing industries, faces outdated technology, raw material shortages, and competition from cheaper imports.
Efforts to raise funds include a proposed tax on miners to retool the sector, vital for achieving Zimbabwe’s US$40 billion mining industry target by 2030
