In yet another milestone in the country's quest to reach its target of a
The game-changing project by
"I therefore, urge players in the lithium mining sub-sector to strategically position their business models informed by the fact that lithium demand will continue rising, particularly premised on the growing demand for electric vehicles. To date, this surge in demand has resulted in lithium prices skyrocketing over the past year thereby offering scope for increased investment in the sector,"
"It is my expectation that the development of the lithium mining sector in
This is in line with Government's minerals beneficiation thrust under which the
"Mining companies must be good corporate responsible citizens, and with Corporate Social Environmental, Social, and Governance aspects being critical components of their entities. Tangible socio-economic advantages and benefits should accrue to societies in which they operate. In undertaking their ventures, companies are challenged to listen to their host communities and address their concerns. Communities must on the other hand, equally appreciate that investors are indispensable partners to the realisation of sustainable development and a higher quality of life," he said.
On its part, the
In the same vein,
"For greater harmony and unity of purpose, mechanisms should be developed to improve transparency and accountability so that aspects of the project are understood, while grievances are heard and addressed. The safety and treatment of employees is also a key component. Mining companies must strive to be model employers by treating and remunerating their workers appropriately," he said.
The investment will also bring development and create employment in the province, itself another pillar policy of the
The project is also another fulfillment of the National Development Strategy 1 (NDS1) which places the private sector as a key enabler of economic development towards attainment of Vision 2030 to become an upper middle class economy.
Vice President Constantino Chiwenga, Minister of Defence and War Veterans
For more than 70 years, proceeds from the mine were hard to account for. However, under the
First to benefit will be the people of Bikita as part of the deliberate policy by Government to ensure locals benefit first from resources found in their areas.
The company is expected to employ more that 1000 people and the President stressed that Sinomine should make sure that it provides modern facilities, electricity, and also piped water for those around the mine.
As investor confidence in the country grows, several projects have been commissioned with idle mines being resuscitated, while capacity utilisation has also been ramped up all because the private sector is responding to the
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