Ministry of Mines Allocated US$22.16 Million in 2025 Budget

In stark contrast, the Ministry of Energy and Power Development, critical to the mining sector's power requirements, received only ZiG$259.8 million (US$8.66 million).This raises concerns about whether the Ministry of Mines and Mining Development has been adequately resourced, given the pivotal role of mining in driving economic growth and earning foreign …

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The Impact of Foreign Direct Investment in the …

poverty. Private sector investment in Zimbabwe's mining sector presents the country with greater opportunity for shared economic growth and could potentially create jobs and improve livelihoods as well as access to water, health care, education, and other infrastructure. More often, this development strategy poses signiicant risks to local

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Mining Growth Projections Reduced to 5.2% Due to

The government of Zimbabwe has revised its mining growth projections for 2024, reducing the expected growth from the initial 7.6 percent projected at the beginning of the year to 5.2 percent as of June. ... The mining sector's growth and resilience amid these challenges underscore the importance of strategic adjustments and policy support to ...

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Mining Sector Dominates License Issuance in Q2 2024

the mining sector emerged as the leader in license issuance, surpassing other industries. 65 mining licenses were granted, amounting to $282.74 million ... not only ongoing investor confidence but also the mining sector's crucial contribution to sustained economic growth. Following the mining sector, the manufacturing industry issued 35 ...

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Leveraging on the Mining Sector for Economic …

The mining sector will be the centrepiece of our economic recovery and growth. It should generate growth spurts across sectors, reignite that economic miracle ... Growth in Zimbabwe With the new thrust of mining as the cornerstone of economic growth, it's imperative to: Gold Production (kg), 1980-2012 0 5000 10000 15000 20000

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Ncube Projects 5.6% Growth for Mining Sector on the Back …

Zimbabwe's 2025 National Budget, presented by Finance and Investment Promotion Minister Mthuli Ncube, projects a 5.6% growth in the mining sector, driven by an anticipated surge in global commodity prices.. By Ryan Chigoche. This marks a sharp recovery from 2024, where subdued platinum group metal (PGM) prices had limited growth to a modest …

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Mining Sector

Why Zimbabwe's Mining Sector? Zimbabwe is among the top 10 mineral producing countries in Africa. As it stands, the mining industry currently contributes 70% to FDI, 80% to exports, 19% to government revenues, 3% to …

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Annual Report

The Chamber of Mines of Zimbabwe 2022 Annual Report 2022 Annual Report The Chamber of Mines of Zimbabwe was established for the purpose of promoting, encouraging, protecting and fostering the mining industry ... and output growth, the mining industry generated US$5.6 billion in 2022, compared to US$5.1 billion in 2021. In the outlook for 2023 ...

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Zimbabwe's 2024 Mining Outlook

The focus is primarily on gold, platinum group metals, and diamonds. Additionally, emerging minerals such as chrome, coal, and lithium, often referred to as "white gold," are expected to contribute to the growth of mining revenues in Zimbabwe. The government has been actively implementing various policies to revitalize the mining sector in ...

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2024

Mining Zimbabwe is a leading publication and online platform that covers the mining industry in Zimbabwe. We provide up-to-date news, insights, and analysis on the country's mining sector, focusing on developments in mineral …

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Women in Mining Awards Hailed as a Vehicle for …

The Women in Mining Awards have been celebrated as a significant step towards promoting and empowering women in the mining sector through the recognition of their achievements and contributions, Mining Zimbabwe can report. By Rudairo Mapuranga Held yesterday at Holiday Inn Hotel Harare and organized by Women in Mining Empowerment, led …

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Zimbabwe on track to reach 12bn mining industry by 2023

President of Zimbabwe Emmerson Mnangagwa has affirmed the target to reach a $12 billion mining industry by 2023 is achievable due to the industry's growing momentum. Mnangagwa said it was encouraging that despite the impact of the pandemic, last year the mining sector's performance reached $5.2 billion, from $2.9 billion in 2017.

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Unlocking Zimbabwe's Potential in the Critical Minerals Race

As the world grapples with the intensifying climate crisis, nations are urgently seeking solutions to curb global warming and meet the goals of the Paris Agreement. Among these solutions is the transition from fossil fuels to renewable energy, which hinges on the availability of critical minerals required for technologies like wind turbines, electric vehicle …

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Zimbabwe

Growth for the sector has leapt from 5.9% in 2021 to an estimated 10% in 2022. The productive capacity utilised on pre-existing infrastructure in the mining sector in 2022 …

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