Business / Companies
Zimbabwe minerals untapped - expert
17 Jul 2012 at 11:28hrs | Views
Zimbabwe's minerals are among the most untapped in the world, investment adviser Sheila Galloway said on Tuesday.
"You have a land mass that is 60% rich with different minerals. You have at least 60 different varieties of minerals. Most of these are untapped," she told an Africa mining congress in Sandton, Johannesburg.
Exploration taking place in Zimbabwe was merely "scratching the surface".
Galloway, executive director of Utho Strategic Investments, said Zimbabwe had a legislative framework that made it easy for investors to come into the mining sector.
But problems with energy supply remained an obstacle.
"Energy still remains a major problem. There is no doubt about it," she said.
"It has only been in the last two years that government has really started pushing the programmes to address this issue."
Galloway said, in the past government waited for investors to come to the fold and this delayed power generation projects.
These were being addressed through the introduction of independent power producers.
- Utho Strategic Investments is a corporate and project advisory business specialising in infrastructure already functional in Zimbabwe.
"You have a land mass that is 60% rich with different minerals. You have at least 60 different varieties of minerals. Most of these are untapped," she told an Africa mining congress in Sandton, Johannesburg.
Exploration taking place in Zimbabwe was merely "scratching the surface".
Galloway, executive director of Utho Strategic Investments, said Zimbabwe had a legislative framework that made it easy for investors to come into the mining sector.
But problems with energy supply remained an obstacle.
"Energy still remains a major problem. There is no doubt about it," she said.
"It has only been in the last two years that government has really started pushing the programmes to address this issue."
Galloway said, in the past government waited for investors to come to the fold and this delayed power generation projects.
These were being addressed through the introduction of independent power producers.
- Utho Strategic Investments is a corporate and project advisory business specialising in infrastructure already functional in Zimbabwe.
Source - Sapa
