THE Zimbabwe Investment Development Agency (Zida) says it expects mineral beneficiation to headline new ventures in the medium term, as the government and private sector redouble their efforts towards value addition within the sector.
It comes as the ministry of Mines has reported receiving a number of proposals for lithium processing plants following the country’s recent ban on exports of the raw mineral.
“The government’s position on beneficiation for minerals extracted under mining licences should see a marked increase in investment as investors play a critical role in the development of the economy and this will see Zida roll out a campaign to attract more local companies,” Zida said in a recent report.
“With the government’s thrust to encourage more mineral beneficiation, we expect manufacturing, already drawing significant investment, to also continue to be of interest to investors.
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