ZIMBABWE is ready to add value to minerals before exporting them despite the stance taken by the mining industry that the country has no money to bankroll such initiatives, Mines and Mining Development minister Walter Chidhakwa said on Friday.
GAMMA MUDARIKIRI OWN CORRESPONDENT
Speaking at a Zimbabwe School of Mines graduation ceremony, Chidhakwa said the country must stop exporting raw minerals.
“We are now ready to add value to our minerals and we cannot continue exporting them in raw form,” he said.
The Chamber of Mines said the establishment of a platinum refinery would cost $2 billion.
Chidhakwa said the mining sector which this year is expected to grow by 16,9% would continue performing well next year.
The mining sector is the major driver of economic growth, contributing more than 13% to gross domestic product and accounting for more than 50% of total exports.
Chidhakwa said the Zimbabwe School of Mines was one of key government strategic areas in the development of the mining sector.
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One hundred and seventy eight students graduated in various disciplines including geology, survey, mineral processing and extractive metallurgy, and metallurgical assaying.
