Zimbabwe Pushes Mineral Processing as It Takes Aim at Corruption
Mining contributes 70% of Zimbabwe’s export earnings through shipments of gold, platinum, lithium and chrome.
Photographer: Cynthia R Matonhodze/BloombergZimbabwe pledged to crack down on illicit commodities trading and introduce rules to encourage downstream processing, as the nation seeks a greater share of the benefits from its natural resources.
Vice President Constantino Chiwenga told mining executives in the country’s second-biggest city, Bulawayo, that Zimbabwe remains “open for business, not for extraction.” He said corruption and illicit “leakages” were “cancers,” and that mining must drive industrialization and create jobs.