Zimbabwe’s mining sector eyes $6 Billion revenue in 2025
By Dumisani Ndlovu
Zimbabwe’s mining sector is projected to register a 2% increase in revenue to $5.5 billion this year, and $6 billion in 2025, driven by improved output and commodity price recovery, according to the Chamber of Mines of Zimbabwe (COMZ).
“Recent growth and prominence of the mining industry continue to generate debate among key stakeholders regarding the sector’s contribution to the socio-economic development of the country,” COMZ President Thomas Gono said.
Presenting the Mining Industry Prospect for 2025, Gono highlighted infrastructure and energy challenges, with the measured index for infrastructure prospects standing at -5.3.
“Mineral revenue in the mining sector is expected to increase by approximately two percent in 2024 and by around 10 percent to approximately $6 billion in 2025,” he noted.
Capacity utilization is projected to reach 90% in 2025, up from 84% this year, driven by gold, ferrochrome, and platinum group metals.
The Mining Business Confidence Index (MBCI) for 2025 stands at +5.4, reflecting optimism.
However, access to foreign currency is expected to deteriorate in 2025, with a measured index of -29.4.
Employment is projected to grow, with formal employment expected to rise by around 3% in 2025, reaching approximately 58,700 people.
Gono emphasized the importance of the State of Mining Industry Survey Report.
“We believe this report will continue to be a vital resource for all stakeholders. The Chamber remains committed to collaborating with the Ministry of Mines and Mining Development,” he said. Gono said.
Presenting the Mining Industry Prospect for 2025, Gono highlighted infrastructure and energy challenges, with the measured index for infrastructure prospects standing at -5.3.
“Mineral revenue in the mining sector is expected to increase by approximately two percent in 2024 and by around 10 percent to approximately $6 billion in 2025,” he noted.
Capacity utilization is projected to reach 90% in 2025, up from 84% this year, driven by gold, ferrochrome, and platinum group metals.
The Mining Business Confidence Index (MBCI) for 2025 stands at +5.4, reflecting optimism.
However, access to foreign currency is expected to deteriorate in 2025, with a measured index of -29.4.
Employment is projected to grow, with formal employment expected to rise by around 3% in 2025, reaching approximately 58,700 people.
Gono emphasized the importance of the State of Mining Industry Survey Report.
“We believe this report will continue to be a vital resource for all stakeholders. The Chamber remains committed to collaborating with the Ministry of Mines and Mining Development,” he said.
