Zimbabwe Unveils Plan for $12 Billion in Mineral Revenue by 2023
- Gold and platinum exports to account for bulk of output
- Plan makes no mention of eagerly awaited revamp of legislation
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Zimbabwe is targeting a fourfold increase in revenue from minerals by 2023 but an ambitious plan unveiled by Mines Minister Winston Chitando on Monday gave little detail on how the government would achieve this.
The policy document, known as the Strategic Road to the Achievement of US$12 Billion By 2023, sees gold exports at $4 billion and platinum at $3 billion as the government focuses on “value addition, enhanced investment within the sector, increased productivity and employment creation and increased exports and foreign-currency generation.”