New Zimbabwe.com

Chance for Zim to woo Middle East investments into mining

By Staff Reporter


INVESTMENT group, Emergent Capital Management, through its events management arm, Financial Markets Indaba (FMI) will host a mining investment conference positioning Zimbabwe as an investment destination of choice in the UK from June 25-26.

While for years the group has hosted conferences focusing on Africa, Europe and the North America, this year’s indaba shift attention to the Gulf according to organisers.

In a statement, FMI said the Arab and Africa Mining Conference provides players in the
sector who are targeting projects in Zimbabwe.

“This is a change from the usual target investor pool which consists of entities
from the Western countries. With the sanctions imposed by the West on
Zimbabwe, the Middle East is an open destination to seek for foreign direct investment.

“Most Middle East countries depend on oil for the growth of their economies. With the electric car revolution most of these countries are looking at alternative investments where they can invest and Zimbabwe has an advantage with its Lithium deposits.
“FMI will facilitate for Zimbabwe government, Mining organisations and local mining companies to set up exhibition stands in the conference hall where they will have access to over 400 mining executives,” the statement said.
Mines and Mining Development Minister Winston Chitando has been invited and expected to attend along with a host of executives from the extractive sector in Zimbabwe. The organisers said they have secured a slot for the government of Zimbabwe to make a presentation.
“Zimbabwe has an exceptional geological setting, with potential to host numerous mineral deposit styles with some of the least explored terranes worldwide. As co-organisers of the conference FMI will be facilitating a special two hour session on Zimbabwe.

“The session will address on the government policy, monetary policy, investment environment and policy in Zimbabwe, new mining developments in the country and why Zimbabwe is the most promising destination for mining investment and business in Africa. The session will then be followed by the presentation of a select group of key mining projects currently sought by Zimbabwe companies and government,” added the statement.

“Zimbabwe will be on the agenda as one of the key countries in the southern part of Africa making presentations on: The Mineral Riches in Africa, with a special discussion on: key commodities under investigation: platinum, diamond and battery metals, battery metals outlook, is Lithium the new gold?, geological overview of Zimbabwe, the new Zimbabwe and deregulation: What does this mean for regional mining? And Zimbabwe- company case study.”

Investors according to organisers are pre-screened according to their interests in Zimbabwe.