Harare, Zimbabwe — 25 September 2013 – The Zimbabwe Mining and Infrastructure Indaba has opened here with the ultimate objective of further entrenching the country’s position as a premier destination for foreign direct investment on the continent.
According to the Chamber of Mines of Zimbabwe, the country’s mining sector requires between US$5 billion and US$7 billion to retool over five years, reports allAfrica.com.
Newly appointed mines and mining development minister Walter Chidhakwa will officially open the annual event which will be attended by other high profile local, regional and international delegates.
This year’s indaba will run under the theme “Redefining Africa: Harnessing our Resources Collectively”, which comes as Zimbabwe seeks to tape its abundant resources to boost the economy.
President Mugabe has indicated in many of his official speeches in the last two months that government expects the country’s diverse portfolio of minerals reserves to anchor economic growth.
The indaba should provide a platform to explore ways to increase returns from a sector facing a myriad of problems that include power shortages, high cost of finance, liquidity constraints and depressed international commodity prices.
The Indaba will focus on how Africa can come together to discuss fundamental areas of mining, infrastructure development, financing and human resource requirements to develop its economies.
Topics expected to come under discussion include the mining sector in Zimbabwe over the past five years and the way forward on new mining policies, exploration, beneficiation, and the economy.
Keynote speakers include the minister of mines and mining development, former deputy prime minister Arthur Mutambara, Chamber of Mines of Zimbabwe president Alex Mhembere, Paul Jourdan, the consultant who drafted Zimbabwe’s new mining policy, and Ms Yvette Babb, Africa Strategist with Standard Bank’s Africa research team
Source: allAfrica.com. For more information, click here.