Zimbabwe: Mineral Exploration Bill Introduced in Parliament

Mining and Exploration
18/06/2015 12:21

A bill on mineral exploration is set to be tabled before Parliament with legislators pushing for a comprehensive resource evaluation that will pave the way for increased investment in the mining sector. MP Dexter Nduna expressed concern that despite such an abundance of mineral wealth, the country does not have geological information about its mineral resources. "The information concerning the nation's mineral wealth that can be obtained by exploration will simultaneously attract foreign investment, increase the country's net worth as well as strengthen the value of mines and claims already in indigenous hands, setting the necessary preconditions for locally driven growth in the mining industry," said Mr Nduna. The legislator alluded to the discovery of diamonds in Marange and platinum in Ngezi, Mashonaland West, and gold in Chegutu as indicators of the necessity to conduct a thorough exploration.