Digging out of the ground

Posted: 23rd October 2012 by admin in Remittance methods

It used to be one of Zimbabwe’s leading industries contributing 27% of export trade in 2002.

Zimbabwe once a world leader in the production of lithium minerals, chrysotile, asbestos, and ferrochromium, has more than half of the world chromium reserves. It was self-sufficient in most minerals, producing 35 commodities from 1000 mines.

The turn of the century saw the country and its mining sector go through a very difficult season, with unemployment and inflation soaring at unbelievable rates. This obviously affected mineral output, and that together with continued excess government intervention in the economy and in state industries undermined the ability of the industry to make meaningful export earnings.

As the country continues to make a continued effort towards stabilisation it is important to remember that the country already has a well established mining tradition governed by an effective ministry. The country is well served by road, rail, telecommunications, and power. With the government’s pro-mining attitude, things a set to improve significantly over the next few years, it is just but a matter of time.

With consistent digging and effort the country should be out of the ground and back to its former glory in no time.