Mining Sector requires US$5 billion for resuscitation

Use EcoCash to buy NetOne & Telecel airtime online. Tap here

 Chamber of Mines of Zimbabwe  has said that the country’s struggling mining sector requires at least US$5 billion to resuscitate it.  The mining sector is one of the most taxed in the country  has been in decline recording negative growth in the last two years.

Isaac Kwesu, the chief executive of the Chamber of Mines of Zimbabwe said:

Our industry remains fragile notwithstanding output growth, we still have a high-cost structure compared to other mining jurisdictions, the operating costs characterised by a high electricity tariff, expensive funding and sub-optimal fiscal charges.

More: Daily News

WhatsApp Discussions

Click to subscribe to a Pindula WhatsApp Group:
https://chat.whatsapp.com/Izta0JDTKRSCYCkWEHtUAg

If you find the group full, please notify us on +263 777 707 852 and we'll update the link.

Daily Email Brief

Get the top news delivered to your inbox every day.

Leave a Reply

Your email address will not be published.