News / National
Zimbabwe, Belarus strike $150m deal
19 Jul 2015 at 17:59hrs | Views
The initial memorandum of agreement (MOU) to be signed between Zimbabwe and Belarus on Monday is worth more than US$150 million.
This was revealed by Vice President Emmerson Mnangagwa after touring the Belaz Mining Equipment Manufacturing Company in the Zhodeno town of Belarus.
The Zimbabwe delegation to Belarus led by Vice President Mnangagwa toured one of the world's leading manufacturer of heavy duty mining equipment, the Belaz Mining Equipment Manufacturing Company.
Speaking after touring the plant, Vice President Mnangagwa revealed that the MOU to be signed on Monday in the areas of mining equipment, road construction, dam construction and agriculture is worth over US$150 million.
He said Zimbabwe and Belarus have a sound relationship considering that there is no time the former Soviet nation will impose sanctions on Zimbabwe like what the western countries and their allies have done resulting in Zimbabwean companies failing to secure and purchase spare parts.
Vice President Mnangagwa said Zimbabwe is ready to broaden and deepen cooperation with Belarus and that the country will soon grow into a mining giant as it has vast minerals.
The Executive Director of Belaz Mining Equipment Manufacturing Company, Mr Peter Parkhomchik commended the relationship between Zimbabwe and Belarus, saying his company is set to supply the right equipment that will assist Zimbabwe realise its dreams.
He said his company has reached an agreement with some Zimbabwean mining companies with financing from African Development Bank.
Belaz Mining Equipment Manufacturing Company was founded in 1948 and to-date has produced over 140 000 mine dump trucks.
The company's latest innovation in research and development is a huge mine dump truck which has more than 10 metres height and a carrying capacity of 450 metric tonnes per load.
The company is among the top three heavy equipment manufacturing companies in the world.
On Monday, Vice President Mnangagwa is expected to meet the former Soviet nation's leader, President Alexandra Lukashenko before the signing of the MOU between the two countries.
This was revealed by Vice President Emmerson Mnangagwa after touring the Belaz Mining Equipment Manufacturing Company in the Zhodeno town of Belarus.
The Zimbabwe delegation to Belarus led by Vice President Mnangagwa toured one of the world's leading manufacturer of heavy duty mining equipment, the Belaz Mining Equipment Manufacturing Company.
Speaking after touring the plant, Vice President Mnangagwa revealed that the MOU to be signed on Monday in the areas of mining equipment, road construction, dam construction and agriculture is worth over US$150 million.
He said Zimbabwe and Belarus have a sound relationship considering that there is no time the former Soviet nation will impose sanctions on Zimbabwe like what the western countries and their allies have done resulting in Zimbabwean companies failing to secure and purchase spare parts.
Vice President Mnangagwa said Zimbabwe is ready to broaden and deepen cooperation with Belarus and that the country will soon grow into a mining giant as it has vast minerals.
The Executive Director of Belaz Mining Equipment Manufacturing Company, Mr Peter Parkhomchik commended the relationship between Zimbabwe and Belarus, saying his company is set to supply the right equipment that will assist Zimbabwe realise its dreams.
He said his company has reached an agreement with some Zimbabwean mining companies with financing from African Development Bank.
Belaz Mining Equipment Manufacturing Company was founded in 1948 and to-date has produced over 140 000 mine dump trucks.
The company's latest innovation in research and development is a huge mine dump truck which has more than 10 metres height and a carrying capacity of 450 metric tonnes per load.
The company is among the top three heavy equipment manufacturing companies in the world.
On Monday, Vice President Mnangagwa is expected to meet the former Soviet nation's leader, President Alexandra Lukashenko before the signing of the MOU between the two countries.
Source - zbc
