12/07/2024
What you need to know about Zimbabwe's mining sector. It has:
- a diversified sector with 40+ minerals, including platinum, chrome, gold, coal, lithium, and diamonds
- significant deposits: 2nd-largest platinum deposit and high-grade chromium ores in the world.
- a contribution to the economy: 12% of GDP, 80% of national exports.
- had a potential of $12 billion annual revenue by 2023.
- Recent performance: $5.6 billion in 2022, 10.4% growth projected in 2023
- Challenges: power shortages, foreign currency shortages, policy uncertainties, smuggling.
Recent Developments:
- Increased foreign exchange retention to 75% for mining companies.
- Proposed Mines and Minerals Act Amendment Bill (not approved)
- Companies must export minerals through state-owned MMCZ (except gold)
🎯Contact us for more information!!!
☎️ Phone
+263719700673/ +263773700673/
+263773384683
📧 Email
[email protected]/[email protected]