Zimbabwe Overview: Development news, research, data | World Bank
Zimbabwe's economic development continues to be hampered by several challenges. Real GDP is estimated to have grown by 5.5% in 2023, after a 6.5% growth in 2022, due to an expansion in agriculture, mining, and remittances-induced services growth. Nevertheless, macroeconomic volatility fueled by monetary instability and …
Zimbabwe aims to triple its mining industry revenue to …
Zimbabwe aims to increase the annual revenue of its mining industry from $4bn to more than $12bn over the next four years. The ambitious goal, laid out in the country's "Strategic Road to the Achievement", represents a 344% jump from $2.7bn achieved in 2017, and seeks to improve exploration activity, employment levels and …
THE MINING INDUSTRY IN ZIMBABWE: CHALLENGES FOR …
Mining plays a key role in Zimbabwe's economy, contributing 5% and 23% to the country's gross domestic (GDP) and total exports, respectively. It also generates foreign currency and supplies raw materials to some industries. As a 'robber' industry, it extracts minerals from the earth without replacing them. It also creates deep shafts and …
Zimbabwe Miners Federation (ZMF) – Effecting sustainable growth …
The Zimbabwe Miners Federation (ZMF) is a government initiative to effect sustainable growth and meaningful transformation of the artisanal and small-scale mining industry. It is Zimbabwe largest mining body with over 1.5 million members, that contribute an annual average of 60% of the total gold deliveries to Fidelity Printers and Refiners ...
(PDF) Mechanism Between Mining Sector and Economic Growth in Zimbabwe …
The growth in the mining sector variable RMING also shows that there is a negative relationship between the mining sector growth and gross domestic product per capita. A 1% increase in miming growth will lead to a decline in the gross domestic product per capita by 0.20% holding other things constant.
Zimbabwe mining sector to grow 10% this year
The Chamber of Mines of Zimbabwe (COMZ) has predicted that the country's mining sector will grow by 10% this year, as the country targets $3.7bn from mineral exploits over the same period. The Chamber held its annual general meeting last week in Victoria Falls, where President Batirai Manhando reported that ten out of 14 minerals recorded ...
SECTOR | IH Zimbabwe Mining Sector Report 2022
According to government estimates, mining sector production grew 3.4% in 2021 while receipts were up 25% y/y to US$5bn in 2021 supported by firm international prices and a raft of measures taken towards turning the sector into a US$12bn industry by 2023. Going .into 2022, government has forecast annual growth in production of 8%. Optimism for …
Zimbabwe mining industry in growth
The mining sector in Zimbabwe has grown by 100 per cent, Minister of Mines and Mining Development Hon Winston Chitando has revealed.. Rudairo Mapuranga. Speaking at this year's edition of Investing in Africa Mining Indaba, Chitando said Zimbabwe earned a total of US$5.4 billion in 2022 from the extractive industry which is …
Zimbabwe: Reviving and Growing Mining Industry
The mining industry in Zimbabwe presents significant opportunities for national growth and prosperity. Government's target to take the mining industry to US$12 billion per year by 2023 is noble ...
Zimbabwe aims to triple its mining industry …
News. Zimbabwe aims to triple its mining industry revenue to $12bn by 2023. Mining. By Felix Todd 15 Oct 2019. Zimbabwe's plan no doubt aims to take advantage of its huge reserves of platinum metals — …
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. …
Perfomance of the Zimbabwe mining sector in 2019
Total output figures of the major contributors to Zimbabwe's mining sector revenue are definitely going to be lower by year-end (31 December 2019) than they were in 2018. That includes gold, platinum, chrome, diamond, coal, and nickel. These minerals also happen to be the key anchors of the US$12 billion Mining Target by 2023. By.
Mining in Zimbabwe: time to use it or lose it
In November, mining minister Winston Chitando announced that the government will force companies to develop these assets as part of a 'use it or lose it' policy, its latest attempt to remove inefficiencies from and stimulate growth in the mining sector. The policy builds on similar initiatives deployed in the gold mining sector, and …
US$12 billion Zim mining industry by 2023
The Herald. Zimbabwe's President Mr Emmerson Dambudzo Mnangagwa yesterday launched a strategic roadmap to the achievement of a US$12 billion mining industry by 2023 as Government ramps up efforts to increase the sector's contribution to the economy. Already, the mining sector is critical in generating foreign currency, …
Mining Zimbabwe
Mining Zimbabwe is a reliable source of unfiltered Zimbabwe Mining News. Learn about Mining in Zimbabwe, Policy, Monthly magazine, mining events, gold, lithium ... up-to-minute news, policy and comprehensive analysis of the Zimbabwe mining industry. Telephone: +263 242 777728 . Visit us (Zimbabwe) 4th Floor Fidelity Life Towers; …
Mining Sector Report 2023
In 2022, the total revenue of the mining industry was ZAR 747 billion1, underscoring its potential to further contribute to economic development and job creation. The mining sector plays a vital role in job creation and economic growth, particularly by reducing unemployment through the employment of unskilled workers.
Zimbabwe: A Gold Mining Boom Amid Rapid Agrarian Change
Abstract. This paper explores the changing dynamics of Zimbabwe's gold mining sector. The paper starts by providing a brief historical overview of gold mining in Zimbabwe before exploring the dramatic increase in Artisanal and Small-scale Gold Mining (ASGM) within the context of Zimbabwe's Fast Track Land Reform Program …
Digitalisation & how it can be harnessed in the Zimbabwean Mining Industry
Canaan Joseph Saurombe is the founding chairperson of Core Miners Association he writes in his own capacity, canniesaurombe@gmail. Cell: +263 779 721 076. We are in a period of global digitalisation in which the industry is in the throes of digital transformation that is mainly accelerated by the exponential growth of smart …
Zimbabwe's Mining Sector Anticipating Growth in 2020
Source: Ministry of Mines Zimbabwe. The report anticipates that gold production will be ramped up to 33 000 kg in 2021 from the 2020 figure of 25 000kg, an increase of 32%. For platinum, the report expects output to move up by 3% to 15 000 kgs. The coal and diamond sectors are expected to grow by 25% and 19% respectively.
(PDF) The Mining Industry in Zimbabwe: …
That Zimbabwe has a significant and diverse mineral resource base is not in doubt. With estimates that Zimbabwe has the second largest reserves of chrome and platinum after South Africa and potential to supply about …
[PDF] Mechanism Between Mining Sector and Economic Growth in Zimbabwe …
The study investigates the role of mineral resources in economic development and sees how the extractive sector impacts the overall performance of the economy of a country endowed with a diverse minerals and metals. We analyzed the economic growth model using human capital, population growth, property rights, and political rights, share of …
Determinants of foreign direct investment in the Zimbabwean Mining Sector
Abstract and Figures. Orientation: The mining industry being the main source of foreign currency for economy is the backbone of the Zimbabwean economy. The performance of the sector has been ...
SECTOR | Zimbabwe Mining Sector Report 2023
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 remained relatively flat y/y at 81%, as per the Chamber of Mines.
Zimbabwe's 2024 Mining Outlook
The mining index, as measured by the Zimbabwe National Chamber of Commerce (ZNCC), experienced a notable growth of 9.4% in 2022. However, the most …
(PDF) Mechanism Between Mining Sector and Economic Growth in Zimbabwe …
The study sought to assess the impact of mineral production on Zimbabwe economic growth and development. The Zimbabwean government has put mineral production and exportation as an important key to fight against poverty, create more wealth increasing employment and productivity in the mining industries/Sector.
The Effect of Leadership Style on Employee Commitment …
The purpose of this study is to discover the effect of leadership style on employee commitment in the mining sector in zimbabwe. This was prompted by the reali-sation that the mining industry in ...
Zimbabwe: 'Mining Sector Growth Prospects Bright'
Zimbabwe is targeting to grow export revenue from minerals to US$12 billion by 2023 as it seeks to transform the country into an upper-middle-income economy by …
Growth in Zimbabwe mining sector forecast to slow in 2023
November 10, 2022. GROWTH in Zimbabwe's mining sector was forecast to slow in 2023 owing to rising costs and chronic electricity shortages, said Reuters. Citing a report by the country's Chamber of Mines, the newswire said the sector will experience a slower 7% growth next year from a projected 8% for 2022. "Prospects for mineral output ...
Mining for Development in Zimbabwe: A Path to Prosperity
The Zimbabwean government is making strategic moves in leveraging the nation's rich mineral resources to stimulate economic growth and development. The focus is on transforming the mining sector into a flourishing industry. The sector is expected to generate a massive US$12 billion yearly by the end of 2023.
Key Economic Sectors
The mining industry has potential to spearhead economic growth. The sector's contribution to GDP is expected to grow by 1.6% in 2016, up from an estimated decline of 2.5% in 2015. Opportunities for growth exist within the entire mining value chain from exploration, extraction, beneficiation and other downstream industries.