Legislation has been enacted to ensure value addition process for mining companies. This is reported by ZBC News, a partner of TV BRICS.
The President has called on all mining companies to adhere to the agreed roadmaps to ensure that more precious metal refineries are established and local production of finished products from the vast mineral resources. This has become urgent given the need to mitigate risk to the mining sector from global shocks and volatility in mineral prices.
President Mnangagwa noted that companies that comply with government policies are making strides in the platinum value chain and beneficiation.
The Head of State emphasised that the synergy between mining companies and tertiary institutions must continue to ensure that future skills needs are met.
President Mnangagwa emphasised that the mining sector was critical to the transformation of the country's economy, hence the accelerated value addition and beneficiation of minerals would result in increased revenue to the budget, according to economic experts.