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Minings firms can help revive industry

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HARARE


Local mining companies have a key role to play in reviving the manufacturing sector through increasing spending on supplies and consumables that they use in their operations. Mines and Mining Development Minister Walter Chidhakwa said for instance, through leveraging their capacity to purchase, mining companies could encourage local manufacturing industries to acquire franchises of reputable global firms to manufacture equipment and other consumables locally. Chidhakwa said Zimbabwe possessed both the skills and capacity to produce some of the consumables that mining firms need, but was being limited by funding challenges. Mining houses have had to import most of their equipment and consumables following the economic meltdown of the past decade that resulted in most industries closing or scaling down their operations after failing to retool. – Herald

 

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