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President Mnangagwa Proposes Mineral Deals at Korea-Africa Summit

President Mnangagwa Proposes Mineral Deals at Korea-Africa Summit

PRESIDENT Emmerson Mnangagwa offered investors the vast minerals opportunities in Zimbabwe as he ups the ante in attracting the much-needed investment to spur the ailing economy.

He was speaking at the inaugural 2024 Korea-Africa Summit which kicked off in Seoul on Tuesday to “expand economic ties and cooperation in supply chain and development with the resource-rich countries.”

He bemoaned the Western “illegal sanctions” which he said remain a pain despite the nation’s friendliness and willingness to engage.

“We stand ready to welcome partnerships and investments from Korea in agriculture as well as in the value addition of our numerous strategic minerals such as lithium, iron and steel, platinum, chrome, nickel, gold and lime among others.

“Prospects also exist in the agro-based manufacturing industries, tourism and infrastructure development sub-sectors,” he said.

He said to date Zimbabwe has instituted agriculture reforms which have seen the country realize self-sufficiency in wheat production with droughts being the only limitation.

Zimbabwe boasts of a highly diversified portfolio with close to 40 different minerals which include; platinum group metals (PGM), chrome, gold, coal, lithium, and diamonds.

 The country boasts the world’s second-largest platinum deposit and high-grade chromium ores, with approximately 2,8 billion tons of PGM and 10 billion tons of chromium ore over and above its vast lithium resource.

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