Bulawayo Mining Company (BMC), which owns How Mine in Bulawayo, is planning to spend US$4.5 million on expansion projects that are expected to ramp up the current level of production by 18%, Mining Zimbabwe can report.
By Rudairo Mapuranga
BMC is conducting extensive exploration activities to identify new gold deposits near How Mine. These efforts aim to extend the mine’s lifespan and support increased production levels.
“Bulawayo Mining Company is planning to spend US$4.5 million on expansion projects. The expansion is expected to ramp up the current level of production by 18%,” the Chamber of Mines Commodity Outlook report for 2025 shows.
According to the Chamber of Mines of Zimbabwe (CoMZ), the mining sector is expected to experience growth in 2025. Mineral revenue is projected to increase by approximately 10% to around US$6 billion, driven by improved output and an anticipated recovery in commodity prices. Additionally, average capacity utilization for the mining industry is expected to reach 90% in 2025, up from 84% in 2024.
Despite the positive outlook, the mining sector faces challenges such as power outages and infrastructure issues. The Chamber of Mines reports that the industry lost around US$500 million in potential revenue due to power outages in 2024. BMC’s investment in expansion projects demonstrates confidence in overcoming these challenges and contributing to the sector’s growth.
BMC’s planned investment aligns with the broader industry trend of increasing capital expenditure to boost production and revenue. These developments are expected to enhance employment levels and support the growth of Zimbabwe’s economy.
