March 26, 2017

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Zimbabwe calling investors to revive dormant copper mines

The government of Zimbabwe is calling for investment into its copper mining sector, which in recent years has stagnated.

Through the Zimbabwe Mining Development Corporation (ZMDC), the country is scouting for investors with capacity to develop the whole copper value chain in the country either as individuals or an organisation.

The dormant copper assets which the government wants resuscitated include Mhangura Copper Mines, Sanyati and Lomagundi Smelting and Mining.

“For the past years ZMDC’s mining focus had been on diamonds and gold, but now that diamonds are under ZCDC the focus has to diversify to other minerals.

“We have been advised by government that we need to re-oil our wheels and start fulfilling our mandate as a state mining vehicle.

“This means we must start contributing meaningfully in the economic development of this country,” Dr Farai Karonga, ZMDC acting general manager told the government aligned The Herald Business.

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