Business / Economy
Zim mining can contribute more significantly to the Gross Domestic Product
26 Mar 2011 at 11:13hrs | Views
Vic Falls - The first Vice President of the Chamber of Mines of Zimbabwe, Mr Winston Chitando, while addressing the Parliamentary Portfolio Committee on Mines and Energy in Vic Falls said that for the mining sector to fully recover, several issues including access to power and finance also need to be looked into.
Chitando also said that mining can contribute more significantly to the Gross Domestic Product if the sector is fully capacitated.
The Chairperson of the Parliamentary Portfolio Committee on Mines and Energy, Edward Chindorichininga, said there is a need for the Reserve Bank of Zimbabwe, ZIMRA and treasury to work together and come up with a common method that will reveal similar figures contributed by the mining sector in the economy.
The two day meeting attracted several players in the mining sector and was aimed at assessing the state of the mining industry and formulating policies that can be adopted to improve its contribution to the economy.
Chitando also said that mining can contribute more significantly to the Gross Domestic Product if the sector is fully capacitated.
The two day meeting attracted several players in the mining sector and was aimed at assessing the state of the mining industry and formulating policies that can be adopted to improve its contribution to the economy.
Source - Byo24News
