Zimbabwe’s mineral revenue is projected to reach $2.5 billion this year up from $2.3 billion last year, on higher production from gold and platinum miners, the Chamber of Mines has said.
Movement for Democratic Change legislator Eddie Cross says while Zimbabwe is open for business it must be careful that it will not be exploited.
It is not usual for a person who has seized power through a military coup to heap praise upon his deposed predecessor.
Zimbabwe’s legislators have suggested that the government should give mining companies between seven and 10 years to develop their operations before penalizing them for continuing to sell ore.
The Zimbabwe Stock Exchange All shares Index advanced 0.10 percent to close at 91.36 points on Monday.
The Parliamentary Portfolio Committee on Foreign Affairs and Industry says Zimbabweans in the diaspora wishing to invest in the country must be given the same incentives as foreign investors.