Chinese Investments Give New Impetus To Zimbabwe’s Mining Sector Growth

Such investments, enhanced exploration activities, the resuscitation of closed mines, opening of new mines, expansion of existing mines, and adoption of new and more efficient mining techniques HARARE: (Xinhua) - Zimbabwe is witnessing an influx of Chinese investments in the mining sector, as the resource-rich southern African country seeks to increase mineral production and maximize beneficiation in order to get better returns from its vast mineral wealth. In 2019, Zimbabwe set out an ambitious drive to more than quadruple mining sector revenue by hauling minerals worth 12 billion US dollars by 2023. In 2021, the country earned about 5.7 billion dollars in mineral exports, a huge leap from 3.2 billion dollars recorded the previous year. Chinese investments in the mining sector are expected to play a significant role in the realization of Zimbabwe's mining sector recovery and growth plans. In the month of June alone, Zimbabwean President Emmerson Mnangagwa commissioned two major Chinese mining projects in gold and lithium mining. On June 10, Mnangagwa commissioned a 35 million U.S.