Farirai Machevendya, Harareburo
President Emmerson Mnangagva spoke yesterday at a fishing ceremony for the Arctic Lithium mine in GoroMonci, which will see an initial investment of $ 165 million to be included in the project.
The project, which is led by the Australian company Prospect Resources, at the first stage will involve more than 700 people and the construction of other facilities, such as roads, schools and houses.
President Mnangagwa said that the opening of the mine is in line with the government’s policy of industrializing the country.
“The opening of this new mine is in line with the aspirations of my government to overcome the industrialization and modernization of the country,” he said. “I highly appreciate Prospect Resources Limited to achieve this important task, which will be of great importance for the development of our country.
"Zimbabwe has rich natural resources and highly diversified mineral reserves, one of which is lithium."
President Mnangagwa said that lithium should be one of the key mining subsectors that will play an important role in turning the economy.
He said that mining is crucial to achieving Vision 2030 in order to turn the country into a middle-income economy.
“In this regard, we continue to pursue comprehensive reforms to increase the competitiveness of our country in this and other sectors in the context of regional and global trends,” said President Mnangagwa.
He commended the Ministry of Mines and Mines Development and other interested parties for speeding up the opening of the mine.
“In keeping with the spirit of our constant ease and cost of conducting business reforms, I welcome the Ministry of Mines and Mining and other regulatory agencies to effectively facilitate and complete regulatory approvals so that the project can begin,” he said. ,
"This, in turn, allowed investors to consolidate their preparatory work and mobilize funding for the project, with the result that this ceremony began the ceremony."
President Mnangagwa encouraged investors to start production.
“I look forward to the immediate start of this project with the creation of an open-pit mine, which will become part of an integrated project, which also includes mineral processing plants,” he said.
“As the project progresses, wealth and job creation, as well as an improved standard of living for our people, should be integral components of your business model.
"I heard that more than 700 jobs will be created, and this will be mainly local, and, as a government, we are grateful for that."
President Mnangagwa said that other benefits of the project include the transfer of technology and skills and the development of new competencies.
“Just as we are expanding the range of minerals exploited in our country, we urge mining companies to build links with valuable chains and strategic partnerships with higher education institutions through deliberate training to teach local people the necessary skills and technical know-how,” he. ,
President Mnangagwa encouraged investors to enter the country to promote inclusive economic growth and empower local people.
Zimbabwe has one of the largest reserves of lithium in Africa, with proven deposits in Bikita, Gomoronzi and Kamativi.
The Arcadia mine is expected to grow 2.5 million tons of lithium per year when it reaches optimal production.