improvements made to the mining sector by the zimbabwean government

Between colonial intervention and a weak regulatory framework, mining in Zimbabwe has struggled to live up to its potential. With the government cracking down on undeveloped licenses, and aiming to force companies to "use it or lose it", we consider the history of mining in Zimbabwe, and who the winners and losers of the new policy could …

To show its commitment towards ensuring the growth of the sector through the various policies implemented by the government Zimbabwe has set an ambitious goal of transforming its mining sector ...

Chitando has a remarkable record in his country's mining industry spanning well over 3 decades. Previous to his appointment as Zimbabwe's Minister of Mines and Mining Development, he has held several different positions in major companies such as Hwange Colliery, Anglo-American, and Zimasco, later serving as chairman of the board …

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 substantial …

Brief overview of mining activities in Zimbabwe. Mining projects vary according to the type of metals or minerals to be extracted from the earth. This ultimately defines the structural phases of a mining project which typically begin with the exploration phase and ending with the post-closure period after commercial production.

(2) a sharp depreciation of the Zimbabwe dollar in 1998, which was due to low prices of Zimbabwe's major minerals on the international market and low international prices of tobacco reducing ...

Here are ten things the Mnangagwa administration has done right in Zimbabwe mining and outstanding issues that need urgent reforms: 1) Mining Law …

In Zimbabwe's case, the sector is an integral element of the government's plans to revive the economy, which has been battered by hyperinflation, sanctions, and the COVID-19 pandemic. Several Chinese companies that made multimillion-dollar acquisitions in Zimbabwe are engaged in building up lithium processing plants, following the ban on ...

Chitando said the government had been lax in enforcing the "use it or lose it" policy but that would change as authorities pin their hopes on the sector to drive the recovery of an economy ...

A COUPLE of weeks back, Zimbabwe Chamber of Mines published its state of the mining industry survey report looking at issues faced by the industry and prospects for 2022. To ensure objectivity, the Chamber states that its involvement was restricted to sponsoring and facilitating access to information to its members who form a greater part.

The Government of Zimbabwe (GOZ) adopted an "open for business" policy in 2018 to encourage more foreign direct investment (FDI). For example, the GOZ set an ambitious $12 billion target for the mining sector by the end of 2023 and is calling for increased investment in renewable energy.

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. Local gold production increased 19% to 35.2tn in 2022, from the 29.6tn recorded in 2021 signaling …

There was a marked improvement in Zimbabwe's fiscal performance. This improvement in fiscal performance was due to improved revenue collection and enhanced expenditure management which was the major focus of the ZIMPREST. ... improving the mining sector, ... Government of Zimbabwe industrial development policy 2012–2016 …

By Ronald Joma, Oct 07, 2023. Harare - In the global diamond mining landscape, Zimbabwe claimed a notable position, ranking 7th in both rough diamond production …

Regulatory Environment. The country's minerals taxation laws saw some changes in the past 12 months. This includes SI 189 of 2022 which compels miners of …

The Zimbabwean government in 1997 decided to provide once-off payments of 16 Z$50 000 dollar (then worth $1 315) and long-term pensions to 60,000 veterans of the

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 ...

Therefore, the Zimbabwean government is pursuing policies geared toward creating a favourable environment for investors, particularly in the gold, diamond, platinum, chrome and iron-ore sectors ...

Zimbabwe is clearly in need of foreign currency and the mining industry should be well positioned to provide the same but investors and sponsors need comfort that, after settlement of local liabilities, any foreign currency should be free of restriction. 62% of foreign currency in Zimbabwe currently comes from exports.

Data on various payments made to government by major mining companies operating in Zimbabwe which are either registered or listed in EU, UK and Canada is already in the public domain. Such companies include Caledonia's Blanket Mine which promotes tax revenue transparency because of Canada's Extractive Sector Transparency Measures …

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 …

PDF | On Dec 1, 2019, Lyman Mlambo published The Performance of the Zimbabwe Mining Sector in 2019 | Find, read and cite all the research you need on ResearchGate

The Zimbabwean government recently announced plans to partially nationalize the country's mining sector after accusations that foreign companies were plundering the country's resource wealth ...

Zimbabwe has developed six strategies to improve the livelihoods of people living in rural areas and who depend 100 percent on agriculture, a cabinet Minister has said. Lands, Agriculture, Water and …

Zimbabwe, like many African countries, faces an ongoing struggle to secure fair compensation for its mineral wealth. The question of how to maximise government revenues from the mining sector is a ...

It is noteworthy that in 2017, the sector contributed about 10% to GDP and 60% of exports which is a very significant contribution to GDP (Government of Zimbabwe 2017). This study, thus, aims atexamining the effect of foreign direct investment inflows in the Zimbabwean mining sector on country's economic performance over the period …

Zimbabwe's mining sector has a significant role in the development of the country as it brings foreign currency, contributes to government revenue and provides for infrastructure development. Since 2009, the mining sector has become the fastest growing with both small-scale mining companies, artisanal miners and multinational companies …

However, mineral resource rich nations in Africa-and Zimbabwe in particular-are increasingly recognising that beyond fiscal benefits to governments from mining companies, the mining industry can positively contribute to broader social and economic development, especially for women and men through promoting their participation in the …

By bringing previously unregulated small-scale miners into the formal fold and introducing incentives for established producers, Zimbabwe has boosted its gold …

Mining is currently the backbone of the Zimbabwean economy. The mining sector in Zimbabwe is currently performing under par due to the persistent macro-economic challenges bedeviling the southern African country. Indeed, collective bargaining is a topical and hot issue in Zimbabwe since the early days of inflation to date. The Zimbabwean …

August 17, 2023. Transforming Zimbabwe's mining sector: A path to prosperity. President Mnangagwa. Vusumuzi Dube, Zimpapers Elections Desk. "OUR mining sector is the …

that Zimbabwe's mining sector has many workers' rights issues, including freedom of association, the right to collective barg aining, occupational safety and health. In Zimbabwe, workers' freedom ...

Zimbabwe steps up efforts to upscale mining industry. Zimbabwe President Emmerson Mnangagwa on Saturday said the country's mining industry is expected to contribute about 12 billion U.S. dollars to the national economy by 2023 as his government steps up efforts to revitalize it. Mnangagwa made the remarks at the re …

Gold deliveries for the first ten months of 2021 totalled 22 tonnes, up from 16 tonnes in the same period last year, according to numbers released this week by Fidelity Printers and Refiners (FPR). Gold exports, Zimbabwe's most valuable resource, dropped from US$1.60 billion in 2019 to US$980 million in 2020. The RBZ blamed Covid-19 …

The Zimbabwean government is making strategic moves in leveraging the nation's rich mineral resources to stimulate economic growth and development. The …

Finance minister Mthuli Ncube has revealed that the Zimbabwean government is considering a duty waiver for closed mines, saying that enabling mines to import equipment duty-free would help boost the mining sector, allAfrica reports. Speaking through his director for economic planning and modelling Charles Mujajati at the Mine …

The Zimbabwean Mining Sector has to account for environmental costs. Contrast to other legislations, the Zimbabwean laws is silent on this. Moreover there are no sound sustainable strategies that give room for …

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 …