MP says you do not need economists to tell you the importance of reviving ZISCO, you just need common sense


 Madam Speaker, in the mining sector, at the floor of this House sometime in January, the Minister of Mines told us that he got an investor to resuscitate the Kamativi Dams so that they process lithium, and lithium because of the clean fuel technology that is being talked about the world over, even if you go to Europe, they are now thinking of putting on mass production battery vehicles. Battery power is the future and lithium is a major component of batteries. Kamativi has plenty of lithium because when they were mining the tin, they had no interest in the lithium and it is plenty on the dams.

 An investor is there, the Minister confirmed in January that we now have an investor who is prepared, but that investor has been waiting since January to just be given the licence. He is partnered with ZMDC. What is the fear of Government because he is not alone? He is partnered with ZMDC. So, why do we not allow such investments to start off so that we start earning some foreign currency? By the way, that particular investor was going to resuscitate a major plant in Kwekwe. He was also prepared to reorganise the Railway and fund between Dete and Kwekwe to plan where he wants to process the lithium. But, from January up to now, the Minister is sitting on the papers within the Executive.

I think these are some of the issues that we, as Parliament should scrutinise and see what we can do. There is no reason Madam Speaker why Hwange Colliery must collapse. We have never heard of any shortage of market for coal. Zimbabwe or Hwange Colliery has the best coal in the world, with high calorific value, low sulphur content and no impurities. We have three types, coke in coal for coke, power coal for the generators but up to now, you hear people are not paid in Hwange, but the coal is being sold every day. So, what is happening? There is something completely wrong.

I have a very big mine in Binga, Lusulu Coal and the other one that is Lelubu. There is an investor who is prepared to put up a very big power station for 300 mega watts…

[Time Limit] 

THE HON. DEPUTY SPEAKER: Hon. Member, your time is up.

HON. GABBUZA: As I conclude, that 300 mega watt power station, we have a shortage of energy. The investor has been twisted from one corner of Government to another for 2 years.

HON. MAJOME: On a point of order Madam Speaker. I move that the Hon. Member’s time be extended.

HON. BHEBHE: I second.

Motion put and agreed to.

 HON. GABBUZA: Madam Speaker as I conclude, this is where we are saying perhaps as Parliament, we must investigate some of these things. Some people are sitting on very serious investments. We do not have power in the country and we have this company which is prepared to put a very big generator, 300 mega watts which would make a difference in the energy sector. It would produce jobs for our people and it is a low cost energy because they will simply use Zambezi water to cool their turbines and their machines, and flow back the water into the lake, but we sit on such very serious investment and nobody seems to be interested.

We are not in a hurry but at the same time, we are crying that we do not have money and no cash. Where does the money come from if we do not allow these investors to come in? If it is about indigenisation, let us allow them to put the infrastructure. After some years, chase them when the infrastructure is already there than to keep them at bay. Thank you Madam Speaker.


See also:

Ziscosteel – a timeline of govt ineptitude

Chinese firm R&F to invest $1 billion in latest bid to revive Ziscosteel

SPECIAL REPORT: Of Ziscosteel, Chinese investors and the many questions


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The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.


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