Zimbabwe sees $16 bln mining investment by 2018

HARARE, Sept 17 (Reuters) - Zimbabwe’s minerals sector could attract investments of between $6-16 billion from 2011-2018 once a more conducive environment for investment is in place, Prime Minister Morgan Tsvangirai said on Thursday.

“This Government, in conjunction with the mining industry, has a window of opportunity to prepare a conducive policy environment by mid 2010,” he said in a speech at a mining conference in Harare.

“That (policy environment) could see Zimbabwe’s mineral sector attracting between $6 billion and $16 billion in exploration and mine development investment during the 2011-2018 period,” he said.

Tsvangirai said the investments could help boost the country’s gross domestic product by $3 billion per year.