China Gold Expo major capital investment-Ministry

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By Tinaani Nyabereka

Harare – Mines and Mining Development Ministry has said the invitation and participation of Minister Winston Chitando as a key speaker at the China Gold Congress and Expo scheduled for July this year was a significant opportunity for Zimbabwe’s gold industry to attract much-needed capital for expansion and development.
In a statement made during a gold mobilization deployment workshop in Harare, on May 20, Chitando, emphasized the importance of the event in facilitating interactions with stakeholders and securing investment for the mining sector.
“Zimbabwe’s mining industry, particularly the gold sector, requires substantial capital for exploration and mine development. Limited investment in exploration has contributed to the country’s decline from a top-five gold producer to outside the top 20.
“The China Gold Congress and Expo, scheduled for July 26-28 in Shanghai, presents a comprehensive platform covering various aspects of the gold industry, including exploration, mining technology, investment, and market dynamics,” said Chitando.
The Zimbabwe Miners Federation (ZMF) President, Heneritta Rushwaya said the expo will bring a transformative opportunity for the mining sector.
“We are very grateful to be part of the thrilling exhibition at the china gold expo, we strongly believe in fostering collaborations and showcasing Zimbabwe’s mining potential on a global stage,” Rushwaya said.
Minister Chitando, alongside representatives from Zimbabwe Miners Federation (ZMF) and the country’s gold mining industry were invited to speak at the event by the China Gold Association and the World Gold Council.

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