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Zimbabwe Tribune � Zimbabwe� Article
Monday, September 21, 2009

Over 1000 delegates attend Zimbabwe Mining Indaba

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ZIMBABWE - HARARE - THE just-ended Zimbabwe Mining Indaba has attracted more than 1 000 delegates from across the globe, a move that is expected to yield positive development in the mining industry.


Robert Mugabe and Mines Minister at the Mining Indaba

More than 400 foreign investors attended the international exhibition hosted by the Ministry of Mines and Mining Development.
The Indaba was meant to present potential investment opportunities with the aim of strengthening mutual beneficial partnerships between local and multinational companies.
 
The investors were from South Africa, Russia, United Kingdom and Canada among others.
 
In an interview, event spokesperson Washington Mehlomakulu said the Indaba had presented the Mines and Mining Development Minister Obert Mpofu with the opportunity to meet both local and foreign investors some of whom have already invested in Zimbabwe.
 
"Most foreign investors discussed issues of expansion and strategic partnerships with local mine houses and sought to establish ways and areas of co-operation, he said.
 
Mehlomakulu said he was impressed by the presence of big names like the AVENG Group, DRA Mineral Projects and Bateman Engineering Projects of South Africa whose representatives have expressed their interests in investing in Zimbabwe if opportunities come by.
 
The general manager of Bateman Engineering Projects, Dave MacNamara said his organisation had made a lot of contacts with local mining houses and new players in the industry.
 
"We have six new players who have approached us to discuss business and two have already indicated that they will be coming to Johannesburg next week to discuss modalities on how we can work together," he said.
 
Bateman Engineering Projects has been working with Zimbabwean mining houses for over 50 years with Hartley Platinum being their last project 12 years ago.
 
They do engineering, mine designing and production of infrastructure required for the setting up of mining projects. "We will soon be returning to Zimbabwe if the deals we are working on bring positive results," MacNamara said.
 
President of the Zimbabwe Miners Federation Trinos Nkomo said the Indaba was a step in the right direction. "Small-scale miners need to engage into partnerships with potential investors to secure the required capital for mining activities. This is the time to meet the investor and see possible areas of partnerships.
 
"The mining industry requires excessive capital injection to realise its potential," said Nkomo. "The Indaba is a good platform moving in the right direction, with the right people, which is what was lacking in the previous years. The Indaba has done justice to the nation and the investors,’’ he said.


 
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