Zim To Earn US$3.5 Billion From Mining This Year: Minister Chitando

Minister of Mines and Mining Development Winston Chitando has said that the country is on course to earn at US$3.5 billion from mining in 2018. This will be an increase of almost US$1 billion from the US$2.6 billion earned in 2017. Speaking to the Sunday Mail, Chitando said,

For 2018, we are expecting to earn around US$3,5 billion, which is an increase in earnings by about $1 billion from last year. Everything so far indicates that we will reach this year’s target.

Gold has been impressive. We have reviewed upwards our target for gold output this year to 35 tonnes from the 30 tonnes that we had initially set. The idea is to hit 100 tonnes per annum by 2023 from 26 tonnes recorded last year. This will be underpinned by growth from both small-scale mining production and medium-to-large-scale mining production.

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