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Gold buying prices per gram in Zimbabwe, 30 April 2025

Gold buying prices per gram in Zimbabwe today, 30 April 2025, from the official gold buyer and exporter Fidelity Gold Refinery (FGR).

SG 90% and ABOVE US$100.41/g.
SG ABOVE 89% BUT BELOW 90% US$99.35/g.
SG ABOVE 80% BUT BELOW 85% US$98.29/g.
SG ABOVE 75% BUT BELOW 80% US$97.22/g.
SAMPLE BELOW 10g BUT ABOVE 5g US$95.63/g.

Fire Assay CASH $100.94/g.

NB: Fire Assay cash price is for gold above 100g; no sample is deducted.
A sample of not more than 10g is deducted for the Fire Assay Transfer price.
A 2% royalty is charged on all deposits (Small-scale miners).
A 5% royalty is set for Primary Producers.

Zimplats Records 6 Lost-Time Injuries, Reaffirms Zero Harm Commitment

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Zimbabwe’s largest platinum group metals (PGM) producer, Zimplats, recorded six lost-time injuries (LTIs) during the quarter ended 31 March 2025—a setback following five LTIs reported in the previous quarter, Mining Zimbabwe can report.

By Rudairo Mapuranga

Despite the rise in incidents, the company remains resolute in its pursuit of zero harm, with remedial actions already underway to prevent future occurrences.

According to the company’s latest quarterly report, the six LTIs stemmed from two separate safety incidents, highlighting the complex and dynamic nature of health and safety challenges in mining operations. “Implementation of remedial actions is in progress. Despite this setback in safety performance, the Group remains committed to its zero-harm aspiration,” the company stated.

This marks the second consecutive quarter in which Zimplats has had to deal with safety-related incidents. In the quarter ended 31 December 2024, the miner reported five LTIs. At that time, management undertook thorough investigations and implemented strategic safety measures to address the root causes. These included stricter enforcement of operational protocols, refresher training for staff, and enhanced supervision in high-risk areas.

Zimplats has traditionally maintained a strong safety record, boasting nearly 5 million fatality-free shifts in previous reporting periods—a testament to the miner’s longstanding investment in a safety culture. However, the back-to-back recording of LTIs signals an urgent need for a renewed focus on operational discipline and risk mitigation.

In response to the incidents, Zimplats has reinforced its commitment to safety through its established framework, which includes:

  • Accident Investigation and Response: Following each LTI, Zimplats initiated full-scale investigations to determine the causes and outline actionable preventive measures. These efforts are central to the company’s dynamic risk management system.

  • Worker Engagement: Management has intensified communication with both employees and contractors to reaffirm safety expectations and provide support mechanisms for reporting hazards before they result in injuries.

  • Safety Standards Compliance: Zimplats continues to operate under ISO 45001:2018 certification for Occupational Health and Safety Management Systems, ensuring its safety practices meet international best standards.

  • Stakeholder Involvement: The company consistently hosts safety symposiums and training sessions with contractors and internal staff to promote a unified safety culture across all operations. These platforms are used not only to share lessons learned from incidents but also to collaboratively craft solutions tailored to Zimplats’ evolving risk landscape.

  • Recognition and Accountability: Zimplats has earned national recognition for excellence in safety and first aid, but acknowledges that such recognition must be constantly earned through vigilance and continuous improvement.

While the rise in LTIs is concerning, Zimplats insists that its zero-harm target remains non-negotiable. This philosophy is central to its license to operate and deeply embedded in the values guiding its approach to employee welfare and sustainable mining.

Industry observers note that while the recent figures are higher than usual for Zimplats, the company’s response has been swift and transparent. This level of accountability is essential in a sector where operational risks cannot be entirely eliminated but can be effectively managed through proactive strategies.

As Zimplats continues production and expansion efforts across the Great Dyke, safety will remain a cornerstone of its operational strategy. With remedial actions ongoing and management fully engaged in safety reforms, the miner is expected to bounce back and restore its reputation as a safety-first operator in Zimbabwe’s mining industry.

The company’s next quarterly report will be closely watched to see whether these remedial efforts yield measurable improvements—and whether Zimplats can return to its trajectory of zero harm, a standard it has set for itself and the industry at large.

Shabanie and Mashaba Mines: A Pipe Dream Fueled by Broken Promises

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Zimbabwe’s decades-long ambition to revive Shabanie and Mashaba Mines (SMM), once Africa’s largest asbestos operation, now resembles a national mirage—an illusion perpetuated by investor promises, policy optimism, and political posturing.

By Rudairo Mapuranga

Despite numerous announcements suggesting imminent reopening, the recent statement by Government spokesperson Nick Mangwana paints a more sobering picture: the reopening of these asbestos giants is little more than a pipe dream.

On April 22, 2025, Mangwana took to social media to clarify the long-standing speculation over the revival of SMM.

“As for Shabanie and Mashaba Mine, it’s the same thing of an investor failing to secure funding, after making promises and signing on employees as well as flighting tenders for equipment,” he wrote. “I apologise for the delay and regret not updating you sooner.”

This admission strikes at the heart of the government’s narrative that SMM’s revival was within reach. For years, the state-controlled narrative promised jobs, economic activity, and the return of Zvishavane and Mashava to their former industrial glory. But Mangwana’s comments expose what workers, community leaders, and mining experts have long feared: that the asbestos mines remain mothballed with no viable path to revival.

From Giant to Ghost

Once employing over 5,000 workers and exporting asbestos globally, SMM’s decline began in the early 2000s after years of underinvestment and poor management. The company was placed under the Reconstruction of State-Indebted Insolvent Companies Act in 2004, following accusations of mismanagement under businessman Mutumwa Mawere. Since then, numerous efforts have been made to resuscitate operations, with government-appointed administrators promising a turnaround. None have materialised.

In 2020 and again in 2023, government-aligned media reported “imminent” reopenings, fueled by claims that funding had been secured and machinery procured. These reports included images of equipment being moved to the sites and touted job adverts for plant workers. Most recently, in late 2023, it was claimed that King Mine in Mashava required just US$15 million to commence the extraction of chrysotile asbestos. Yet, as of May 2025, there is still no sign of active production.

Nick Mangwana’s update confirms that all these announcements were premature or, at worst, misleading.

The Problem with Asbestos

The global decline in asbestos demand presents a major barrier to attracting capital. While Zimbabwe remains one of the few countries with vast deposits of chrysotile asbestos, most of the developed world has banned its use due to health concerns, including its link to lung cancer and mesothelioma. This makes Zimbabwe’s product a tough sell on international markets.

Although some developing countries still allow limited asbestos use, international scrutiny and environmental regulations have shrunk the buyer base. “Finding an investor willing to bankroll a multimillion-dollar operation in a dying industry is a tough call,” said an economist familiar with the SMM case. “The return on investment is highly uncertain.”

Empty Promises, Broken Spirits

Perhaps the most damaging part of the SMM saga is the toll it has taken on the workers and communities in Zvishavane and Mashava. Former employees, some of whom were re-hired on contract in anticipation of a reopening that never came, remain in limbo. Many have gone years without pay, with some receiving minimal allowances that barely cover transportation.

In 2023, the Zimbabwe Diamond and Allied Minerals Workers Union (ZDAMWU) said that workers had not only been misled but also used as pawns in a political chess game.

“We were made to believe that SMM was coming back. Tenders were flighted. Some were even made to report for work. But to date, nothing has happened,” said a ZIDAMWU representative at the time.

What’s Next for SMM?

Without a clear roadmap, the future of Shabanie and Mashaba Mines remains bleak. Even the much-publicised plans to convert the mines into tourist sites or for agricultural use have yet to materialise. Meanwhile, the infrastructure, once a symbol of Zimbabwe’s mining prowess, continues to deteriorate. Rusting conveyors, idle headgear, and collapsing housing blocks are now relics of what was once a booming industrial hub.

Investors have come and gone, and while some claimed to have capital, most lacked the financial muscle or will to resuscitate such a capital-intensive and controversial operation. With Mangwana’s admission, it is clear that the government is beginning to acknowledge the realities the mining community has long understood.

Lessons for the Future

The SMM episode offers critical lessons for Zimbabwe’s broader mining and economic policy:

  1. Due Diligence over PR: Announcing deals before contracts are signed and funds are secured undermines public trust. Authorities must base announcements on verifiable financial commitments, not wishful thinking.

  2. Post-Asbestos Strategy Needed: Zimbabwe must begin serious discussions on how to transition SMM and Mashava into post-asbestos futures—be it through lithium exploration, agro-industrial zoning, or renewable energy hubs.

  3. Support for Affected Communities: Thousands of former mineworkers still live in mine-owned housing, with no access to pensions or medical care. A structured welfare and retraining program is urgently needed.

  4. Asbestos Policy Review: With shifting global regulations, Zimbabwe should review its stance on asbestos and explore more sustainable mineral ventures in regions like Zvishavane and Mashava.

The Verdict: Not Anytime Soon

In light of Mangwana’s candid remarks and years of false starts, the dream of reopening Shabanie and Mashaba Mines is now best described as a long-abandoned vision—a pipe dream with little substance and no secure investment. For communities that once pinned their hopes on a return to work, it is another chapter of broken promises.

Unless there is a radical change in strategy, supported by clear funding and a viable business case, SMM will remain a mausoleum of Zimbabwe’s failed state-owned mining ambitions—quiet, crumbling, and overrun by weeds.

As one worker put it in 2023: “We no longer believe them. If it happens, we’ll believe it when we see smoke from the chimneys again.”

But for now, the chimneys stand silent, and so do the dreams.

Zimplats Revives Open-Pit Mining to Offset Underground Output Drop

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Zimplats has reintroduced open-pit mining operations for the first time in years, responding to operational challenges from a shortage of trackless mobile machinery (TMM) and a decline in underground output.

By Ryan Chigoche

The decision to resume open-cast mining in January 2025 helped mitigate a drop in production volumes, with the open pit contributing 76,000 tonnes, or 4.3% of total mined volumes during the quarter.

Underground mining volumes saw a significant decline, falling by 11% year-on-year and 4% compared to the previous quarter. The shortfall in TMM availability forced Zimplats to adjust its operations, leading to the strategic shift. However, the lower-grade ore from the open pit had an impact on the company’s overall ore quality, with the 6E head grade improving by 1% year-on-year but falling by 1% from the previous quarter.

In addition, milled volumes dropped 17% compared to the same period last year and 8% from the previous quarter due to inconsistent ore supply. This decline in milled volumes led to a 20% drop in 6E concentrate production, with total adjusted output reaching 135,172 ounces, 15% lower than the prior quarter.

Despite these challenges, final metal production was slightly stronger, with Zimplats reporting 139,506 ounces of 6E produced—a 16% decline year-on-year but an 8% increase compared to the previous quarter. This recovery was driven by the smelting of 60,000 tonnes of previously accumulated concentrate inventory, although the company noted that around 12,100 ounces remained tied up in furnace reverts and matte. Another 16,000 ounces are expected to be released in the upcoming quarter.

The financial side of the business also reflected rising operational costs. Operating cash costs increased by 3% year-on-year due to higher energy demands from the new 38MW smelter and additional expenses tied to restarting open-pit operations and replacing key components. However, the cost per ounce of 6E metal produced climbed to US$1,026, reflecting a 25% year-on-year increase and a 10% rise from the previous quarter, driven by lower production volumes.

While the decision to resuscitate open-pit mining is seen as a short-term fix, it reflects Zimplats’ ability to adapt in the face of operational hurdles. The company continues to navigate significant challenges, including equipment shortages and declining volumes, while positioning itself for future stability and growth.

Meanwhile, exploration efforts remained active during the quarter. Zimplats drilled eight exploration holes totalling 2,178 metres at its Bimha and Mupani mines. These focused on guiding decline development and mapping geological structures within the five-year mining footprint, critical for long-term operational stability and mine planning.

In parallel, several major capital projects continued to progress. The development of Mupani Mine, set to replace the depleted Rukodzi and Ngwarati operations, remains on schedule for full production in the first half of FY2029. To date, US$342 million has been spent out of a total budget of US$386 million.

Zimplats’ Smelter Expansion and SO₂ Abatement Plant Project also showed significant progress, with a combined US$452 million spent to date against a US$544 million total budget. Phase 1, which includes smelter expansion and initial SO₂ off-gas handling, is technically complete. Phase 2, covering wet gas cleaning and a sulphuric acid plant, is ongoing.

Additionally, the 35MW solar plant, commissioned in August 2024, has reached full generation capacity as of December and was completed within the US$37 million budget, strengthening the company’s energy resilience. Progress also continues on the Base Metal Refinery refurbishment, with US$33 million spent to date out of a total budget of US$190 million.

Despite these strategic developments, the quarter was financially challenging. Operating cash costs rose 3% year-on-year due to increased energy usage from the new smelter, open-pit mining expenses, and delayed equipment replacement. However, lower variable costs from reduced volumes led to a 2% quarter-on-quarter improvement.

The 6E unit cost of production rose sharply to US$1,026 per ounce—up 25% year-on-year and 10% quarter-on-quarter—highlighting pressure on profitability from falling volumes.

As Zimplats looks ahead, its focus will remain on stabilising underground operations, unlocking in-process inventory, and executing capital projects that promise long-term efficiency and growth. The revival of open-pit mining may be temporary, but it reflects a broader theme: the company’s readiness to adapt and deliver, even in tough quarters.

AMMZ Technical Visit to Intrachem Strengthens Industry Collaboration

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The mining sector in Zimbabwe continues to evolve through key partnerships and knowledge-sharing initiatives that foster growth and innovation. One such initiative was the recent Q1 technical visit by the Association of Mine Managers Zimbabwe (AMMZ) to Intrachem, the leading supplier and largest explosives manufacturer for the country’s mining industry.

By Ryan Chigoche

This visit allowed AMMZ members to explore the state-of-the-art technology and impressive operations at one of Zimbabwe’s most prominent explosives plants, reinforcing the growing collaboration between mining professionals and their suppliers.

The visit highlighted the increasing importance of cooperation between AMMZ and its industry suppliers. It also underscored the value of these partnerships in strengthening the overall mining ecosystem in Zimbabwe. Reflecting on the significance of the visit, Gift Mapakame, speaking on behalf of AMMZ, noted:

“Having partnered with suppliers that are also within the mining sector and the mining network just shows how much the association is becoming more inclusive. For this visit, I think we all learnt a lot. It’s not every day that you tour an explosives manufacturing plant, particularly in Zimbabwe. This has to be one of the biggest and most prominent plants in the country. We saw amazing technology; I was particularly impressed with the layout of the facility and the level of housekeeping.”

This visit to Intrachem, Zimbabwe’s foremost explosives manufacturer, was a key event for AMMZ members. It provided them with an opportunity to see firsthand the cutting-edge technology used to support mining operations across the country. Gift’s comments reflect the positive impact of the tour, emphasising how such experiences not only enhance understanding but also foster the growth of a more inclusive mining network in Zimbabwe.

Walter Madzimure, Operations Manager at Intrachem, expressed his enthusiasm about the strong partnership between AMMZ and Intrachem. He highlighted the value of these technical visits in building better relationships and facilitating knowledge exchange:

“We are looking forward to continuing our partnership with the Association as Intrachem, through knowledge exchange. Above all, these people who visit our plants are our customers,” he said.

Walter’s comments stress the importance of fostering lasting relationships with AMMZ members, who play a critical role as both customers and stakeholders within the mining industry.

The technical visit also served as a valuable platform for networking, where AMMZ members had the chance to exchange knowledge and insights with Intrachem. Members were particularly impressed by the plant’s well-maintained layout, its high standards of housekeeping, and the advanced technology used in the manufacturing process. These features underscore Intrachem’s commitment to producing high-quality explosives and supporting the growth of Zimbabwe’s mining industry.

As the mining industry continues to evolve, such technical visits play a key role in strengthening connections within the sector, fostering learning opportunities, and contributing to the collective growth of both suppliers and mining professionals alike.

ZDAMWU Takes RioZim to Court Over Deepening Financial Crisis

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The Zimbabwe Diamond and Allied Minerals Workers Union (ZDAMWU), together with two affected employees, has filed a High Court application to place Zimbabwe Stock Exchange-listed miner RioZim Limited under corporate rescue, as the company faces mounting financial distress, Mining Zimbabwe reports.

By Rudairo Mapuranga

Filed on April 28, 2025, in the High Court of Zimbabwe, the application names RioZim as the first respondent, with the Master of the High Court and the Registrar of Companies cited as second and third respondents, respectively. The move signals an aggressive intervention by workers and their representatives to salvage what they describe as a once-prominent mining house now sinking under the weight of debts, mismanagement, and operational paralysis.

According to court documents seen by Mining Zimbabwe, ZDAMWU, supported by applicants Precious Mwanza and Owen Kapeta, argues that RioZim is financially distressed, unable to pay its debts, and teetering on the brink of insolvency. The applicants say this situation, if left unchecked, would likely lead to the company’s collapse, with devastating consequences for employees, creditors, shareholders, and the communities that depend on its operations.

ZDAMWU’s Secretary-General, Justice Chinhema, in his founding affidavit, laid bare RioZim’s dire situation: the company’s liabilities as of mid-2024 exceeded assets by over ZW$149 million, and current liabilities dwarfed current assets by a staggering ZW$1 billion. RioZim has accumulated debts to suppliers, statutory bodies such as ZIMRA and ZETDC, and workers, including unpaid salaries amounting to millions of US dollars.

In a shocking revelation, RioZim also faces serious allegations of financial misconduct, with the Zimbabwe Revenue Authority (ZIMRA) demanding the company’s asset register after suspicions of tax evasion and pension fund violations surfaced. Electricity has already been cut off at Renco Mine due to unpaid bills exceeding US$4.6 million, further hampering operations.

The application comes amid accusations that RioZim’s majority shareholder support collapsed following the tragic death of the controlling shareholder in a 2023 plane crash, an event that further destabilised an already fragile company.

According to audited financial statements annexed to the application, RioZim’s gold production in the first half of 2024 plunged by over 26%, from 417kg to just 306kg, despite a boom in global gold prices. Most of RioZim’s key assets — Cam and Motor, Dalny, and One-Step (Cricket) mines — have been placed under care and maintenance, while Renco Mine, the last operational gold asset, battles crippling challenges.

The rescue plan proposed by ZDAMWU seeks to appoint two experienced corporate rescue practitioners — senior lawyer Wilson Tatenda Manase and seasoned corporate turnaround specialist Knowledge Hofisi — to oversee a radical restructuring and revival of RioZim. Their tasks would include conducting forensic audits, attracting new capital estimated at US$200 million, reconfiguring operations, settling debts, restoring production, and creating a sustainable business model.

ZDAMWU insists that corporate rescue is the only viable alternative to liquidation, which would spell disaster for hundreds of workers and the mining communities tied to RioZim’s legacy.

Key players involved:

  • Zimbabwe Diamond and Allied Minerals Workers Union (ZDAMWU): Leading the corporate rescue application.
  • Justice Chinhema: Secretary-General of ZDAMWU and chief applicant.
  • Precious Mwanza and Owen Kapeta: Current and former employees of RioZim supporting the application.
  • RioZim Limited: Embattled mining giant facing financial collapse.
  • Master of the High Court and Registrar of Companies: Cited as respondents for compliance and procedural oversight.
  • Wilson Tatenda Manase and Knowledge Hofisi: Nominated corporate rescue practitioners.

If granted, the court application could mark a pivotal turning point not just for RioZim but also for Zimbabwe’s mining sector, demonstrating the power of worker-led initiatives to save national assets and safeguard livelihoods.

The High Court is expected to hear the matter in due course. Should RioZim fail to oppose the application within 10 days of service, the corporate rescue proceedings will be initiated by default.

Gold buying prices per gram in Zimbabwe, 29 April 2025

Gold buying prices per gram in Zimbabwe today, 29 April 2025, from the official gold buyer and exporter Fidelity Gold Refinery (FGR).

SG 90% and ABOVE US$100.14/g.
SG ABOVE 89% BUT BELOW 90% US$99.08/g.
SG ABOVE 80% BUT BELOW 85% US$98.02/g.
SG ABOVE 75% BUT BELOW 80% US$96.97/g.
SAMPLE BELOW 10g BUT ABOVE 5g US$95.38/g.

Fire Assay CASH $100.67/g.

NB: Fire Assay cash price is for gold above 100g; no sample is deducted.
A sample of not more than 10g is deducted for the Fire Assay Transfer price.
A 2% royalty is charged on all deposits (Small-scale miners).
A 5% royalty is set for Primary Producers.

Gold buying prices per gram in Zimbabwe, 28 April 2025

Gold buying prices per gram in Zimbabwe today, 28 April 2025, from the official gold buyer and exporter Fidelity Gold Refinery (FGR).

SG 90% and ABOVE US$99.57/g.
SG ABOVE 89% BUT BELOW 90% US$98.51/g.
SG ABOVE 80% BUT BELOW 85% US$97.46/g.
SG ABOVE 75% BUT BELOW 80% US$96.41/g.
SAMPLE BELOW 10g BUT ABOVE 5g US$94.83/g.

Fire Assay CASH $100.09/g.

NB: Fire Assay cash price is for gold above 100g; no sample is deducted.
A sample of not more than 10g is deducted for the Fire Assay Transfer price.
A 2% royalty is charged on all deposits (Small-scale miners).
A 5% royalty is set for Primary Producers.

Unki’s Production Drops 15% Amid Lower Grades and Maintenance Shutdown

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Unki Mine, Zimbabwe’s third-largest platinum group metals (PGM) producer, recorded a 15% drop in production in the first quarter of 2025, delivering 53,600 ounces, Mining Zimbabwe can report.

By Rudairo Mapuranga

The decrease, according to Anglo American Platinum’s Q1 2025 production report, was largely expected and stemmed from multiple operational challenges, including lower-grade ore in the current mining area, reduced metal recoveries, and the impact of a five-day planned plant maintenance shutdown. The shutdown, aimed at preventive upkeep, reduced volumes milled during the quarter. Unlike the previous year, where similar maintenance was scheduled in the second quarter, this year’s early intervention impacted Q1 figures directly.

This latest dip in production follows a trend observed in the latter half of 2024. Unki had already shown signs of strain in Q4 2024, with a 2% decline in production to 60,300 ounces due to a three-day national power outage that disrupted operations. Prior to that, in Q2 2024, Unki saw a 7% drop in PGM output to 54,700 ounces, driven by mining through a lower-grade zone. Platinum output during that quarter also declined by 9% to 25,700 ounces compared to Q2 2023.

Despite these setbacks, Anglo American Platinum, Unki’s parent company, has maintained its long-term confidence in the mine’s strategic role within its global operations. In his previous remarks, Amplats CEO Craig Miller reaffirmed the company’s dedication to operational excellence and workforce safety, stating, “We are resolute in our commitment to eliminate fatalities from our workplace and ensure zero harm becomes a daily reality.”

Amplats as a whole reported a 6% drop in total PGM production in Q4 2024, amounting to 875,700 ounces. However, own-mined production increased by 1% across other stable operations, signalling resilience despite broader challenges. Unki, in particular, demonstrated recovery momentum post-Q2, contributing to a more stable Q4.

Furthermore, Unki has been instrumental in Amplats’ growing nickel output, contributing to a 20% rise in total nickel production to 7,300 tonnes in Q2 2024. This highlights the mine’s diverse metallurgical contributions even amid fluctuating PGM prices. The 37% collapse in rhodium prices during Q2 2024 has placed additional financial pressure on the PGM sector, but Unki’s consistent operational delivery underscores its critical importance in weathering market turbulence.

As Amplats moves through 2025, all eyes will be on how Unki responds in the second quarter and beyond. With proactive maintenance measures completed and ore body transitions underway, the mine remains central to the group’s ambitions of production stability and long-term sustainability in Zimbabwe’s PGM landscape.

NEC Sets New Mining Industry Wage Rates for 2025

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The National Employment Council (NEC) for the Mining Industry has released a new wage rates that will see minimum pay rates across all mining grades adjusted upward for the year 2025. The announcement follows successful negotiations between employee unions and the Chamber of Mines of Zimbabwe (CoMZ).

In a circular dated 17 April 2025 addressed to all mine managers, the NEC stated:

“The following new minimum rates of pay for grades 1-13 were agreed upon and pegged in US Dollars by Employees’ Party… and Employers’ Party… and will subsequently be sent to the Ministry of Labour and Social Services for registration and publication.”

New Wage Structure

Effective from 1 January 2025 to 31 December 2025, minimum wages will be implemented in two stages:

  • From 1 January, with a 4% increase
  • From 1 July, with a further 5% increase

The document reads:

“The basic minimum earnings payable to employees for the period 1 January 2025 to 31 December 2025 shall be as per the attached schedules.”

For example, Grade 1 workers will earn US$124.05 per month initially, rising to US$266.14 per month by July 2025.

Foreign currency-generating companies are expected to pay employees using a dual currency system, partly in US dollars and partly in Zimbabwe Gold (ZiG) at the prevailing Reserve Bank of Zimbabwe (RBZ) interbank rate.
Non-foreign currency-generating companies may be granted exemptions and allowed to pay entirely in ZiG equivalents.

The NEC circular states:

“Those employers who are able to pay more than the NEC minimums are encouraged to do so.”

Service-Based Salary Increments

The new agreement also provides additional wage increments based on employee length of service. According to the circular:

“Employees whose total length of service with the same employer exceeds two years or more will receive additional service increments, culminating in a 12% increase for those with 25 years of service.”

These service increments will be cumulative and will apply to basic earnings.

Compliance and Deadlines

Employers are urged to ensure that all statutory deductions, including contributions to the Mining Industry Pension Fund (MIPF) and NEC dues, are implemented and backdated to 1 January 2025.
Payments and returns must reach NEC offices by the 15th of the month following the month of deduction, as stipulated in the document.

“Remittances to the NEC and Trade Unions shall be paid using a dual currency system which resonates with the actual wages earned by the employees,” the council emphasized.


Get the full document of the RATES OF PAY FOR THE PERIOD 1 JANUARY 2025 TO 31 DECEMBER 2025

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