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According to the Chamber of Mines of Zimbabwe (CoMZ), growth would come in at 7%, with exports turning over USD 6 billion, benefiting from stronger recovery in gold, platinum group metals and diamonds. The sector generated USD 5.4 billion in 2023.
ZIMBABWE’S government projected the country’s mining industry would turn the corner in 2025 after operators red-flagged deeper than expected blackouts last year.
According to the Chamber of Mines of Zimbabwe (CoMZ), growth would come in at 7%, with exports turning over USD 6 billion, benefiting from stronger recovery in gold, platinum group metals, and diamonds. The sector generated USD5,4 billion in 2023.
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The revenue will be significantly higher for two reasons: the first is increased production, and the second is the firming up of prices, a chamber representative said. Gold prices, a barometer of safe haven demand across markets, hit a nominal high during the final quarter of 2024, driven by geopolitical tensions and a ramp-up in central bank purchases.
