South Africa's neighbour, Zimbabwe may become mining giant ?

Discussion in 'Forex' started by goldsilverratio, Jul 7, 2019.

  1. Zimbabwe may become a mining giant in the Southern African region on the back of its vast mineral deposits ? Zimbabwe has mineral deposits ranging from gold, platinum, diamonds, nickel and chrome ?
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    Global investors in the mining sector may soon head for Zimbabwe to follow up on business negotiations made in London as appetite for opportunities in the country increase across the globe ? This follows the successful holding of the third Africa Mining Conference and Exhibition in London last week, co-hosted by Financial Markets (FMI), where Zimbabwe participated ?
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    https://www.ebusinessweekly.co.zw/zim-charms-mining-investors/
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    Interbank liquidity is coming from voluntary sales ? People are responding to the interbank positively ?
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    https://www.chronicle.co.zw/interbank-forex-market-trades-us154-million-since-inception/
     
  2. zdreg

    zdreg

    What makes you think it wouldn't squander its new found wealth and end up with hyperinflation again?
     
  3. I hope it won't. Various African countries are pulling forward and it's just the beginning.
     
  4. zdreg

    zdreg

    Which countries and why now?
     
  5. Zimbabwe may get lithium dividend 14 Aug, 2019 ?
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    Zimbabwe may draw significant benefits from one of its lithium assets after an independent market report certified the mineral as premium price category export ?
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    Global demand for lithium metal is projected to rise 8,9 percent per year to 49,350 metric tonnes ? In lithium carbonate equivalent (LCE) terms, the value of the global lithium market is projected to reach $1,7 billion?
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    https://www.herald.co.zw/zim-to-get-lithium-dividend/
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    Interbank liquidity is coming from voluntary sales ? People are responding to the interbank positively ?
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    https://www.chronicle.co.zw/interbank-forex-market-trades-us154-million-since-inception/
     
  6. Zimbabwe Diamond royalty slashed by 33pc, output poised massive for boom?
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    Zimbabwe’s diamond output is poised for a massive boom after Treasury cut the royalty for diamond mining to 10 percent from 15 percent of gross revenue to reduce the cost of extracting deep-seated kimberlitic gems?
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    Presenting the 2020 National Budget, Finance and Economic Development Minister Professor Mthuli Ncube said that diamond miners are now exploiting deep-lying conglomerate deposits, hence the cost of extraction has significantly increased? ( Most surface diamonds got depleted and whoever mines gems in the area must invest in deep mining )?
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    A roadmap for the growth of Zimbabwe’s US$12 billion mining industry says the country will establish a gemmology centre for cutting and polishing diamonds and a value management centre for cleaning and sorting the gems to enhance their market value?
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    https://www.sundaymail.co.zw/diamond-royalty-slashed-by-33pc
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    https://www.ebusinessweekly.co.zw/mthuli-avails-more-industry-incentives/
     
  7. Zimbabwe may have the largest onshore deposits of petroleum oil and gas of any place on the African continent ? If the findings from the research on the Muzarabani prospect in the Cahora Bassa Basin materialise ?

    Geo-chemical tests on rock samples, have further affirmed possible existence of oil deposits, due to similarities with rock types in areas where oil has been discovered ?

    ( If these rocks are capable of generating oil and gas ? It ticks another box for us to confirm that we should go ahead and drill that prospect ? )

    This comes as Zimbabwe prepares to start high impact drilling, which may confirm the existence and viability of extracting oil and gas ?

    https://www.ebusinessweekly.co.zw/invictus-edges-closer-to-oil-discovery-in-zim/
     
  8. The Infrastructure Development Bank of Zimbabwe (IDBZ) is looking at renewable energy projects of up to 195 megawatt (MW) ?
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    Comprised of Solar Plants, Mini-Hydro, Gas and Geothermal Energy ?
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    These projects are expected to save FOREIGN CURRENCY used to import power ?
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    The Bank’s thrust is to widen the national energy mix with emphasis on renewable energy ?
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    https://www.ebusinessweekly.co.zw/idbz-moots-195mw-power-plants/
     
  9. Zimbabwe gets computer assembling plant ? ( 17 Jan, 2020 )
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    Zimbabwe is now assembling computers following the establishment of the Zimbabwe Technology Company ?
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    The joint venture assembling plant has the capacity to produce 150 000 annually at its plant in Msasa, Harare ?
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    Zimbabwe is partnering friendly countries to advance its technological capabilities ?
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    https://www.chronicle.co.zw/pioneer...tion-zimbabwe-gets-computer-assembling-plant/
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    Zimbabwes-lithium-mine-attracting-global-attention ( Oct 14 2019 )
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    Lithium has been classified as one of the key mineral expected to drive Zimbabwe’s quest to build a US$12 billion industry by 2023 and is anticipated by that time to generate US$500 million for the country annually ?
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    There is rapidly growing interest in Lithium as the mineral is used in the manufacturing of batteries ?
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    https://africanminingmarket.com/zimbabwes-lithium-mine-is-attracting-global-attention/4906/
     
    mlawson71 likes this.
  10. That's a lot of good news!
     
    #10     Jan 18, 2020