“We provide for mining companions to have the right to market their mineral directly, and there is no restriction on the amount of foreign currency that can be brought into Zimbabwe to crystallise new resources investment,” he added.
Speaking on the country’s vast resources, Chimanikire stated that “Of our more than 4,000 recorded gold deposits, nearly all of them are located on ancient workings, revealing inherent investment opportunities in vastly under-explored areas away from the ancient workings – even though more than 90% of Zimbabwe’s gold deposits are in greenstone belts associated with some of the richest gold mines in the world.”
“If I look at Australia-Zimbabwe commodity comparisons, Zimbabwe hosts large reserves of thermal and coking coal with some 29 locations hosting estimated resources of more than 12 billion tonnes of coal – yet more require capitalisation and therefore need a partner.
“We also have huge iron ore deposits, like Australia, with the lead deposits estimated to host more than 30 billion tonnes of iron reserves – yet most await full exploitation.
“And in uranium, we have done some minor work in the Zambezi Valley and that at a time of low prices so the global market presents good opportunity for uranium upside.”