Zimbabwe mineral revenues to hit $1.8 billion this year

Zimbabwe expects to earn $1.78 billion from mineral sales in 2018, up from $1.5 billion last year, Masimba Chandavengerwa, chief executive of the government marketing agency, told a mining conference today.

Political changes that saw former president Robert Mugabe step down last year after almost four decades in power have improved the investor mood in Zimbabwe, which has some of the world’s richest platinum and lithium reserves and is also a gold and diamond producer.

“Last year minerals sales stood at $1.5 billion and we expect sales to grow to around $1.78 billion this year driven by rising global demand and increased output in the main minerals,” said Chandavengerwa, the acting chief executive of the Minerals Marketing Corporation of Zimbabwe. –The Source

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