See More

Zim nets $583m from mineral output

Jun 14 2013 19:04 Malcom Sharara, Fin24’s correspondent in Zimbabwe

(Shutterstock) (http://www.shutterstock.com)

Related Articles

Zimplats: Listing would've been better

Chamber warns of Zim mines shake up

Zim may tax miners to fund elections

Zim: No changes to indigenisation law

Shakeup plans for foreign mines in Zim

Zimbabwe insists on mine land grabs

Harare - Zimbabwe’s mineral production in the four months to April was valued at $582.8m, latest figures from the Chamber of Mines show.

According to figures released this week, mineral production in the period was down 11.2% from the comparable year-ago period.

Gold production in the period was at $224.7m from production of around 4 434 kg.

Gold production this year is expected to reach 17 000 kg from 14 742 kg last year, as the government is set to regularise and fund the operations of small-scale and artisanal miners. 

In the four-month period platinum production was at 4 727 kg, and the year’s output is expected grow to 12 500 kg from 10 525 kg last year.

Overall, the mining sector is forecast to grow 17.1% this year from the 10.1% achieved last year, according to the chamber.

All has not been rosy in the sector, which was the first target for the country's empowerment programme. 

Apart from indigenisation, the industry has been subjected to a myriad of taxes and fees weighing down on its viability and competitiveness.

 - Fin24


Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

zimbabwe  |  mining


Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Add your comment
Comment 0 characters remaining

Company Snapshot

We're talking about:


Fin24 has teamed up with Ian Mann, ace business book reviewer and author of the best-selling book “Managing with Intent,” to host the second Best Business Books Breakfast of the year where Ian will show you how to lead and attract.

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Facebook as a tool for small business is:

Previous results · Suggest a vote