Dangote lured by coal reserves in Zimbabwe

Dangote lured by coal reserves in Zimbabwe
11 April 2018

Nigerian billionaire Aliko Dangote has renewed interest in pursuing his US$1.5bn investment in Zimbabwe, according to Naija 247 News.

An advance team of geologists have been sent to Zimbabwe for 10 days to locate and survey potential coal deposits. The delegation is expected to meet President Mnangagwa and Mines and Mining Development Minister, Winston Chitando. Dangote is importing coal from Zimbabwe for its cement industry needs.

Dangote Industries local representative, Josie Mahachi, confirmed that the technical team was back in Zimbabwe and were hopeful things would work this time, having not succeeded in a 2015 visit when Robert Mugabe was Zimbabwe's president.

"With the new dispensation, things are going to move on smoothly. This is the team that the president of Dangote Holdings, Mr Dangote, has sent to Zimbabwe to do the groundwork before his major visit in the few weeks to come."

Published under Cement News

Tagged Under: Zimbabwe Dangote Cement coal