…As ZMF President Henrietta Rushwaya Presents Opportunities for Sustainable Investment in China
By Kwedu News
The Zimbabwe Miners Federation (ZMF), making a presentation during the China Gold Conference held recently, says the country has vast opportunities for investment and sustainable development in the gold sector.
This was said by the ZMF President, Ms. Henrietta Rushwaya during a presentation at the conference where she said Zimbabwe boasts rich and largely untapped gold reserves, with all 4,000 gold discoveries stemming from ancient workings.
She said despite limited exploration, artisanal and small-scale miners account for over 60% of gold deliveries to Fidelity Gold Refinery, underscoring the untapped potential.
“Zimbabwe is endowed with rich and largely untapped gold reserves. Our country is under-explored, as evidenced by the fact that all of our 4,000 gold discoveries stem from ancient workings,” sh said.
“Despite the limited exploration, our artisanal and small-scale miners, who often mine blindly, are the largest gold producers in Zimbabwe, accounting for over 60% of gold deliveries to the country’s sole operating gold buyer and exporter, Fidelity Gold Refinery.
“This significant contribution underscores the untapped potential that awaits systematic exploration and investment.
Our geological surveys and historical data suggest that Zimbabwe’s gold resources are far more extensive than currently exploited.
“This presents a unique opportunity for investors to tap into high-return ventures within our borders.
To create a more investor-friendly environment, she said Zimbabwe is undertaking significant regulatory reforms, including amending the Mines and Minerals Act to provide clear guidelines for foreign investors.
Government offers various incentives, such as tax breaks, reduced royalties, and streamlined permitting processes, to attract and retain investors, she said.
Infrastructure development is also underway, with world-class roads, new railway lines, and airport upgrades to support mining activities, she said.
Additionally, plans are in place to build a new airport and city in Mt. Hampden, with substantial support from the Chinese government.
Rushwaya emphasized the importance of sustainable practices, highlighting Zimbabwe’s commitment to responsible mining.
“Zimbabwe presents numerous opportunities for joint ventures with local companies. Many miners in Zimbabwe face liquidity challenges, creating openings for partnerships in greenfield and brownfield projects, exploration, mining, and processing of gold.
“These collaborations can ensure mutually beneficial arrangements that drive growth and innovation in the sector,” Rushwaya said.
“We are committed to sustainable mining practices that protect the environment and promote community development.
“Zimbabwe values responsible mining and has already launched responsible mining audits. We actively promote Environmental, Social, and Governance (ESG) issues to ensure that our mining activities contribute positively to society and the environment,” she added.
She also pointed to successful foreign investments, such as Chinese mining companies, as confidence-building examples.
Her presentation also said Zimbabwe’s skilled labor force, supported by institutions like the Zimbabwe School of Mines, is well-equipped to support advanced mining operations.
The country’s strategic location and trade agreements also facilitate access to regional and global markets.
Rushwaya concluded by inviting investors to join Zimbabwe on its journey towards a prosperous and sustainable future, where investments can yield significant returns while contributing to the nation’s growth and development.
