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'Mr Ground Breaking' President Mnangagwa lambasts visionless former president Robert Mugabe
 
03:11
'Mr Ground Breaking' President Mnangagwa lambasts visionless former president Robert Mugabe. PRESIDENT Emmerson Mnangagwa yesterday backstabbed his predecessor Robert Mugabe accusing him of blocking and delaying multi-million-dollar investment projects that could have jumpstarted the economy over the past decades. Speaking at the official opening of the $4,3 million Karo Resources platinum mining project in Mhondoro-Ngezi, Mnangagwa claimed the project could have started a decade ago but was halted by Mugabe under unclear circumstances. “He (Karo board chairperson Loucas Pouroulis) first came to Zimbabwe in 2007 wanting to look into the mining sector. By 2008/2009 we had identified this project, but we have lost 10 years as a result of many people in positions of authority who had no vision,” he said. Mnangagwa described himself as “Mr Ground Breaking” because of his vision and his ‘Zimbabwe is Open Business Mantra.’ “The ground-breaking ceremony at Hwange 7 and 8 came shortly after I commissioned the reopening of Eureka Mine and Shabanie Mine and this is indicative of a rebound in the mining sector … I am now called Mr Ground Breaking. Yesterday, we did another ground-breaking at the Robert Gabriel Mugabe International Airport,” he said. “There has been a rebound in the mining sector as a whole. Recently we reopened Mashava mines creating 9 000 jobs, in Hwange we had a ground-breaking ceremony and created 3 000 jobs, we did the same in Beitbridge,” the Zanu PF leader said. Mnangagwa said he was happy Mugabe’s regime had been stopped. “I am glad that we are here and that the man who was stopping you (Karo Resources) from being here is not here, I have a new minister of Mines, it is happening now because there is a wind of change,” he said. The project is expected to create 15 000 direct and 75 000 downstream jobs inside four years. Mines minister Winston Chitando said: “Zimbabwe mining space will never be the same again, the impact on Zimbabwe economy is massive at its peak it will be able to produce 14,4 million tonnes per annum in four years of PGMs [platinum group metals]. Zimbabwe will become a much more significant producer of PGMs, base and precious metals and is moving towards beneficiation by setting up a refinery by 2024.” The official opening was attended by Pouroulis and his family, Justice minister Ziyambi Ziyambi and Mashonaland West chiefs. ----------------------------------------------------------------------------------------------------------- ►Mugabe: https://goo.gl/7eknBE ►Mnangagwa: https://goo.gl/Fv731w ►Chamisa: https://goo.gl/HtGeBg ► Hot news: https://goo.gl/J7mUhU ► ANC: https://goo.gl/x9xRAu ► Scandal: https://goo.gl/YGe8cw ► Zimbawe updates: https://goo.gl/2MJUjp .......................................................................................... If you feel good, please support the author by subscribing to our channel to track the next video. * SUBSCRIBE TO OUR CHANNEL: https://goo.gl/cmiueF ----------------------------------------------------------------------------------------------------------- ► See More: https://goo.gl/cmiueF
Views: 1022 SA Today News
GOOD NEWS: President Mnangagwa's US$16 billion deals begin to bear fruit
 
10:06
MOST of the $16 billion investment commitments to Zimbabwe, the bulk of which are in the mining sector, are progressively coming to fruition, with the $4,2 billion platinum project by Cyprus firm Karo Resources set to be commissioned on 23 June.The Government has already set up an inter-Ministerial committee to facilitate the seamless implementation of the deal.Another firm, Premier African Resources, which is listed on the Alternative Investment Market (AIM) of the London Stock Exchange (LSE), is understood to be fundraising for $64 million needed for the Zulu Lithium Project located 80 kilometres from Bulawayo.Similarly, Australian Stock Exchange (ASX)-listed Prospect Resources announced on Monday last week that it had roped in JR Goddard to mobilise “plant and equipment immediately” for its Arcadia Lithium Project — located 38 kilometres from Harare — with the ground-breaking ceremony expected “in the coming weeks”.About $55 million will be used for the first phase of the project.Prospect Resources says President Emmerson Mnangagwa will officiate at the event.Deals for coal, coal-bed methane, gold and asbestos are understood to be at different stages of execution.In an interview last week, Mines and Mining Development Minister Mr Winston Chitando said the Government is constantly monitoring progress on the deals.“Actualisation of the Karo Resources project is well on course and we will have the ground-breaking ceremony for it on June 23, which will be a Saturday.We have also formed an inter-ministerial committee that has been meeting frequently to set the trajectory towards implementing the deal on the Government side,” said Mr Chitando.“On May 15, we held a meeting which reaffirmed the implementation milestones that we have, which include dates for the ground-breaking ceremony.We will also announce other implementation issues as we go,” he said.The $4,2 billion deal was signed on March 22 in Harare by Mines and Mining Development Minister Mr Winston Chitando and Karo Resources chairperson Mr Loucas Pouroulis at a ceremony attended by President Mnangagwa, VP Mohadi and senior Government officials.Mr Pouroulis has more than 50 years experience in the mining sector and is renowned for founding Petra Diamonds, which is listed on the London Stock Exchange (LSE) and is currently valued at $560 million.In 2006, he also founded the $480 million Tharisa — listed in Johannesburg and London — and produced 1,3 million tonnes of chrome concentrate and almost 144 000 ounces of platinum last year.The South African mining entrepreneur also founded Eland Platinum in 2005, but the venture was sold two years later to Swiss-headquartered Xstrata — the world’s largest producer of ferrochrome — for $1 billion.But substantial headway has been made in lithium mining ventures as well.According to Minister Chitando, a number of projects are presently under implementation.“We held a lithium symposium at the recently held Chamber of Mines Conference in Victoria Falls an
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