.png)
Kuvimba Mining House (KMH), operating under the state-owned Mutapa Investment Fund’s Mining Cluster, produced 3.61 tonnes of gold in the year ended 31 March 2025 a 11 per cent increase year-on-year—according to the Fund’s inaugural financial report.
By Ryan Chigoche
This growth came during a record year for Zimbabwe’s gold industry. National gold output reached 36.48 tonnes in 2024, representing a 21 per cent increase from the previous year.
Within this total, KMH delivered approximately 3.2 tonnes to Fidelity Gold Refinery (FGR), accounting for about 8.8 per cent of national deliveries.
The increase in KMH’s production was supported by sustained capital investment in mine expansions, optimisation of existing operations, and tighter operational discipline across its gold assets, allowing the company to lift output despite a challenging operating environment.
Beyond gold, KMH operates across four commodity clusters: Gold, Energy Minerals, Platinum Group Metals, and Bulk Commodities.
During the period under review, gold remained a stabilising element within the Mutapa Investment Fund Mining Cluster, helping to support overall performance as other commodities faced market and operational pressures.
Building on this performance, the Fund’s report indicates that KMH will focus on deepening operational efficiency while expanding its resource base. Exploration programmes will target both new discoveries and extensions to existing mines, alongside the advancement of several capital projects already in the development pipeline.
To support this growth, KMH plans to mobilise approximately US$950 million to scale operations across gold, lithium, platinum, and chrome.
In parallel, the company is assessing alternative energy solutions, including solar power, aimed at improving energy security and strengthening operational resilience.
Progress was also recorded across other assets within the Mining Cluster. The Zimbabwe Consolidated Diamond Company reported a 12.5 per cent increase in diamond output and a 32.8 per cent rise in diamond sales, reflecting improved operational performance.
At Kamativi Tin Mines, lithium production commenced through Kamativi Mining Company following the commissioning of phases one and two of its processing plants.
Meanwhile, Hwange Colliery Company Limited remained under judicial management during the year but showed early signs of recovery, supported by improving domestic and regional demand for coal.
