Calls for local companies to get maximum returns grow louder

Online Desk |  10 months ago | local

President Emmerson Mnangagwa has emphasised the need for companies to process various resources and products locally for the country to get maximum returns.

Addressing guests at the commissioning of a $67 million-US-dollar expansion and solar project at Blanket mine in Gwanda today, The President said value addition and beneficiation will accelerate government's vison of an upper middle income economy by 2030.

Speaking at the same event Blanket Mine parent company - Caledonia Mining - chief executive officer Mark Leamoth said the expansion project is being under taken by locals and promised to develop other projects in the country.

Blanket Mine began operations in 1904 and was acquired by Caledonia Mining from Kinross Gold in 2006.