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Cabinet Cements Raw Minerals, Lithium Export Ban, Reveals Shocking Scale of Mineral Plunder

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The Zimbabwean government has decisively cemented its position on raw mineral exports, with Cabinet formally approving the immediate suspension of all lithium concentrate and unprocessed mineral exports following revelations of massive illicit stockpiling in a neighbouring country, Mining Zimbabwe can report.

By Rudairo Mapuranga

Following Cabinet approval, Permanent Secretary for the Ministry of Information, Publicity and Broadcasting Services, Mr Nick Mangwana, provided the official rationale behind the accelerated ban, exposing a disturbing pattern of behaviour by some actors in the mining sector.

“As you are all aware, the Government previously announced its intention to implement a total ban on the exportation of raw lithium ore and concentrates effective 2027,” Mr Mangwana stated. “This measure was designed to allow for an orderly transition towards domestic beneficiation, ensuring that our nation fully benefits from its mineral wealth through local value addition.”

The 2027 Deadline That Backfired

The government’s original timeline was intended to give miners adequate notice to prepare for the transition to processing. Instead, it appears to have triggered the opposite reaction.

“Regrettably, in the period following that announcement, we witnessed an unprecedented and unacceptable scramble,” Mr Mangwana revealed. “Instead of preparing for value addition, some actors engaged in a frenzy of mining activity, seeking to extract and export as much raw lithium as possible before the deadline.”

The Permanent Secretary dropped a bombshell that crystallises the government’s urgency:

“Disturbing reports further indicate that substantial quantities of our lithium have been illicitly stockpiled in a neighbouring country, depriving our nation of its rightful revenue and future industrial potential.”

This revelation—that Zimbabwe’s lithium is being warehoused across the border, waiting for who-knows-what purpose—explains why the government felt compelled to act with immediate effect rather than waiting until 2027.

“Plunder of Our National Heritage”

“This behaviour amounts to nothing less than the plunder of our national heritage. It is a direct undermining of our sovereignty and our collective economic future.”

The language is significant. By framing the illicit exports as “plunder” and an attack on “sovereignty,” the government is signalling that it views this not as mere regulatory non-compliance, but as a fundamental threat to the nation’s economic security.

Cabinet Endorses Minister Kambamura’s Position

Last week, Mines and Mining Development Minister Hon. Dr Polite Kambamura announced the immediate suspension of all lithium concentrate and raw mineral exports. Yesterday, Cabinet formally approved that decision, elevating it from a ministerial directive to full government policy.

The distinction matters. Minister Kambamura’s announcement represented the executive branch acting within its authority. Cabinet’s endorsement now brings the full weight of collective government decision-making behind the measure, making any attempt to circumvent it a challenge not just to one ministry but to the entire administration.

What the Ban Means

The suspension applies to all lithium concentrates and raw minerals with immediate effect, including shipments already in transit. Only mining companies holding valid mining titles and approved beneficiation plans will be authorised to export any minerals. Agents and third-party traders are explicitly barred from the export chain.

For lithium specifically, the message is unambiguous: build processing capacity in Zimbabwe, or lose access to Zimbabwe’s resources. Companies like Zhejiang Huayou Cobalt and Sinomine, which have invested hundreds of millions in local processing plants, are positioned to thrive. Those who hoped to continue shipping raw concentrate until the last possible moment have been caught flat-footed.

The Illicit Stockpile Question

Mr Mangwana’s revelation about stockpiles in a neighbouring country raises urgent questions. How much lithium is sitting across the border? Who owns it? How did it get there? And most importantly, what does the intended destination say about the networks that have been exploiting Zimbabwe’s resources?

The government has not yet named the country involved, nor provided details on the quantities stockpiled. But the very existence of such stockpiles confirms what civil society organisations like ZELO have been documenting: Zimbabwe’s lithium value chain has been porous, exploited by well-funded networks operating across borders with apparent impunity.

Enforcement Now Critical

With the ban now cemented at Cabinet level, the focus shifts to enforcement. The Minerals Marketing Corporation of Zimbabwe (MMCZ) has already stationed officers at key border posts. The Zimbabwe Revenue Authority (ZIMRA) is under instruction to verify every shipment. The Ministry of Mines has reserved the right to test consignments at any time to verify mineral composition.

Mr Mangwana’s statement makes clear that the government is aware of the tactics used to evade controls—falsified documents, expired permits used repeatedly, minerals declared as something else entirely—and is determined to close every loophole.

A Defining Moment

This is a defining moment for Zimbabwe’s mining sector. For years, the narrative has been that the country’s mineral wealth is being stolen through smuggling and undervaluation. The 2027 ban was supposed to address this gradually. But the discovery of stockpiles across the border has forced the government’s hand.

The question now is whether the enforcement mechanisms can match the ambition of the policy. MMCZ is better resourced than before. ZIMRA is under pressure to perform. The provincial mines offices have been given a gatekeeper role. But the networks that have profited from illicit trade are sophisticated, well-funded, and deeply entrenched.

Mr Mangwana’s statement serves notice that the government understands the scale of the challenge and is prepared to meet it. The plunder, he says, ends now.

For compliant miners who have invested in processing and followed the rules, the ban creates a level playing field. For those who built business models around exploitation and evasion, the game is up. And for Zimbabwe, the hope is that this decisive action marks the beginning of a new era—one in which the nation’s minerals finally work for the nation’s people.

The ZiG Barrier: How Bank Account Requirements Could Derail Gold Deliveries

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The Reserve Bank of Zimbabwe (RBZ)’s introduction of a 10% ZiG payment for small-scale gold miners was positioned as a move toward financial inclusion and fairness. But if the government truly wants to promote the ZiG and ensure gold flows through formal channels, it must confront an uncomfortable truth: Zimbabwe’s banks may be the weakest link in this chain.

By Rudairo Mapuranga

While Fidelity Gold Refinery has urged miners to submit their banking details to facilitate the new 90:10 payment structure, a cursory glance at the reality facing artisanal miners reveals a system designed for exclusion rather than inclusion. If a miner with a valid national ID cannot open a simple bank account to access his own money, the policy collapses, and with it, ZiG’s credibility.

Let’s be straight with each other.

The government wants gold. Fidelity Gold Refinery wants gold. The RBZ wants foreign currency and wants to promote the ZiG. Everyone agrees that small-scale miners are the engine of this sector, contributing over 75% of national deliveries.

But there is a brick wall standing between the miner and the formal system, and it is called the banking sector.

The new 90:10 payment structure requires miners to have bank accounts to receive their ZiG portion. On paper, this sounds reasonable. In reality, it is a demand that ignores how the small-scale mining sector actually works.

The ID Is All They Have. It Should Be Enough.

A small-scale miner is not a company. He does not have a board of directors. He does not have a company secretary. He does not have a fancy office with a water bill in his name.

What he has is a National ID. And with that ID, he can do everything the state requires of him:

He uses his ID to obtain a mining certificate from the Ministry of Mines.

He uses his ID to pay his taxes (royalties) at the Zimbabwe Revenue Authority (ZIMRA) counter.

He uses his ID to pay his fees to the Rural District Council (RDC).

He uses his ID to sell his gold to Fidelity Gold Refinery.

For every interaction with the government, the ID is sufficient. The state takes his money. The state issues his permits. The state buys his gold.

But when the state, through its banks, is asked to give him back his own money in ZiG, suddenly the ID is not enough.

Suddenly, the miner is told he needs:

Proof of residence (a utility bill for a man who lives in a tent next to his mine shaft).

Company registration documents (for a sole proprietor who works with his bare hands).

Tax clearance certificates (even though he pays his royalty at the point of sale, on the spot).

Affidavits.

Let’s be clear: this will not work.

You cannot treat a man as a legitimate economic actor when he is paying taxes and selling gold, and then treat him as a security risk when he tries to open a bank account. You cannot collect revenue from him using his ID and then refuse him service using the same ID.

The “Proof of Residence” Trap

The most absurd requirement is the “proof of residence.”

A miner from Shurugwi who is currently operating in Filabusi does not have a residence in the formal sense. He has a temporary shelter. He has a relationship with the local chief or village head.

But banks want a stamped letter from a council or a utility bill. They want a paper trail that assumes everyone lives in a suburban house with prepaid electricity meters.

This is not financial inclusion. This is financial exclusion dressed up in compliance jargon.

Bank Limits: The Silent Killer

Even if a miner jumps through these hoops and opens an account, the battle is not over.

Banks impose transaction limits. A card might be capped at US$2,000 per day, roughly the value of 12 grams of gold.

But a miner delivering to Fidelity is not just selling his own gold. He is often selling on behalf of a team of panners. A single delivery could represent the output of 10, 20, or 50 people. The payment might be US$10,000 or more.

How does he distribute that money when his bank card blocks him after US$2,000?

He cannot. The system grinds to a halt.

So he does what any rational person would do: he avoids the bank altogether. He takes cash. He stays informal. He keeps the cycle moving.

The Cycle of Gold

This is the part policymakers refuse to understand: miners do not hoard cash. They move it.

A miner receives payment. He buys fuel. He pays the crusher owner. He buys spares. He pays his labourers. The money flows back into the economy within hours or days.

The ZiG portion, if it is trapped in a bank account with low limits and high friction, becomes useless for this cycle. It becomes “dead money.” And miners will do everything they can to avoid dead money.

The Comparison That Stings

Think about this: a miner can walk into a bar and buy a round of drinks for his entire team using EcoCash. He can send money to his family instantly via mobile money. The private sector has solved instant value transfer.

But he cannot walk into a bank and access his own gold proceeds without a letter from the village head confirming he lives somewhere.

Mobile money agents do not ask for proof of residence. Why do the banks?

The Way Forward

If the government is serious about the ZiG and serious about formalising gold deliveries, the message to the banks must be simple and uncompromising:

  • A National ID must be enough.
  • Drop the proof of residence requirement for Tier 1 gold miner accounts.
  • Drop the company registration requirement for individual producers.

Create a “Gold Miner” account class with dynamically adjusted limits based on verified Fidelity deliveries.

If you can open a bank account with an ID in South Africa, Botswana, or Kenya, you should be able to do the same in Zimbabwe.

The banks will cry “compliance” and “risk management.” But let’s be honest: the real risk is not the miner. The real risk is driving millions of dollars in gold into the black market because the formal system is too slow to adapt.

The Bottom Line

  • The miners are not asking for favours. They are asking for consistency.
  • You trust my ID to tax me. You trust my ID to license me. You trust my ID to buy my gold.
  • Trust my ID to give me my money.

Until that happens, the banks will remain the weakest link in the gold value chain. And the ZiG will remain a currency that miners admire from a distance but refuse to touch.

December is coming. The outcome will speak for itself.

Flotation Plant on Track as Premier Engages Zimbabwe Over Lithium Export Ban

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Premier African Minerals, has confirmed that its new spodumene flotation plant for the Zulu Lithium and Tantalum Project is expected to arrive on site today, following a short delay from the previously announced timetable, Mining Zimbabwe can report.

By Rudairo Mapuranga

In a corporate update, the London-listed company also addressed the recent suspension of lithium concentrate and raw mineral exports announced by Zimbabwe’s Ministry of Mines and Mining Development, confirming it remains in dialogue with authorities and does not anticipate the ban disrupting future production from Zulu.

Flotation Plant Delivery Imminent

The 15–20 tonnes-per-hour spodumene flotation circuit, procured from Xinhai Technology Processing, is now scheduled to arrive at Zulu on or around Tuesday, 3 March. A specialist installation engineer from the manufacturer arrived on site yesterday (2 March 2026), with the Zulu team ready to begin assembly immediately on foundations already constructed.

Additional materials for access walkways and electrical cabling are being purchased separately and will be delivered during the assembly phase. The company continues to target commissioning and optimisation of the new flotation circuit during the second quarter of 2026.

“I am extremely pleased to report that, following a short delay from the timetable previously announced and after several weeks of planning and mobilisation, we now expect the new spodumene flotation plant to arrive on site on Tuesday, 3 March,” the company’s Managing Director, Graham Hill, said.

The new spodumene flotation circuit will replace the previous circuit, with the balance of the processing plant retained. A further update will be provided at the company’s Annual General Meeting this Wednesday.

Engagement Over Lithium Export Suspension

Premier also addressed the recent announcement by the Ministry of Mines regarding the immediate suspension of lithium concentrate and raw mineral exports. The company confirmed it is fully aware of the regulatory development and remains in open dialogue with the Ministry regarding the suspension and the framework for future product shipments from Zulu.

During 2024, Premier formally engaged with the Ministry and presented its proposed beneficiation and value addition strategy for Zulu, outlining longer-term processing and optimisation plans designed to enhance in-country value addition. The company stated it will continue engagement to ensure alignment with Zimbabwe’s evolving beneficiation policy framework.

“In the meantime, and in response to certain recent announcements by the Ministry regarding the suspension of lithium concentrate and raw mineral exports with immediate effect, we are maintaining dialogue with the Ministry and remain aligned with Zimbabwe’s beneficiation objectives, having previously presented our value addition roadmap for Zulu,” Hill added.

The company stated that, based on its understanding that the ban is targeted at specific issues, it does not currently envisage the suspension impeding Zulu’s future commercial production strategy as it progresses installation and commissioning of the flotation plant. A further update will be provided as and when the situation is clarified.

Zimbabwe Boasts Stable, Skilled Labour Force as Key Mining Advantage – Mimosa MD

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Amid global competition for investment, Zimbabwe’s mining sector possesses a distinct and powerful advantage: a stable, educated, and experienced labour force with constructive industrial relations, Mining Zimbabwe can report.

By Rudairo Mapuranga

Speaking at the Zimbabwe Mining Forum on the sidelines of the Investing in Africa Mining Indaba in Cape Town, Fungai Makoni, Managing Director of Mimosa Mining Company, highlighted the country’s favourable human capital environment as a critical asset for operational stability and growth.

“We have a very stable, educated, experienced labour force,” Makoni stated. “And I think, like my colleagues, we’ve got that as an asset, as an advantage to our mining environment.”

Makoni, whose company is a major platinum producer, emphasised the sector’s industrial peace, noting a stark contrast with more militant jurisdictions.

“We are not as militant as other jurisdictions,” he said. “The unions in our country are very constructive, and they seem to see progress. So we hardly see strikes.”

This stability is reflected in remarkably low staff turnover. “I think our labour turnover… is fairly low. We’re talking some 5 per cent,” Makoni explained, attributing this primarily to retirements and medical separations rather than resignations.

This environment is supported by structured wage agreements under the National Employment Council (NEC), providing a framework for fair and predictable compensation.

While acknowledging the loss of some specialised skills, such as diesel plant fitters to markets such as Australia and Canada, Makoni pointed to a strong domestic pipeline for replenishing talent.

“We have the Zimbabwe School of Mines, the University of Zimbabwe, etc., producing skills that we tap into,” he said. Through learnerships, cadetships, and apprenticeships, the industry actively cultivates its future workforce. “Most of our representative companies here employ almost 100 per cent local skills. And we’ve done that for the longest time in Zimbabwe.”

Looking ahead, Makoni identified a shared responsibility to maintain this edge. “As the mining environment opens up more, we could face a challenge in terms of skills availability,” he cautioned. He called on the industry to continue supporting institutions like the School of Mines and the University of Zimbabwe “to continue generating the right quality and quantity of skills.”

This skilled workforce operates within one of Africa’s most endowed geological terrains. Zimbabwe is home to the Great Dyke, a 550km-long mineral-rich structure hosting vast reserves of platinum, chrome, and nickel. Beyond this, the country’s ancient cratons hold significant, often under-explored potential for gold, lithium, and diamonds.

Recent discoveries, including major lithium finds, continue to prove the richness of the basement geology. This world-class mineral endowment provides the essential raw material that makes investment in skills and stability so valuable, offering decades of potential resource development.

The stability Makoni described is complemented by ongoing efforts to create a clear fiscal and regulatory environment. Key policies shaping the sector include:

Value Addition Focus: A central government drive aims to increase mineral beneficiation. Notably, a 5% royalty rate on raw lithium exports incentivises local processing, a policy that has already attracted investments in lithium sulphate and hydroxide plants.

Encouraging Formal Production: Fiscal measures, such as a 5% royalty discount for gold producers selling to formal channels, are designed to boost foreign currency earnings and support legal operations.

Streamlined Administration: The government is accelerating the granting of mining titles through a modernised, computerised cadastre system to reduce bureaucratic delays and improve transparency for investors.

Makoni’s assessment underscores that beyond geology, Zimbabwe’s human capital and labour stability are significant pillars for investment. His comments reflect broader industry confidence in a sector where a skilled workforce, clear geological potential, and evolving, growth-oriented policies are converging.

The combination of a stable operational environment, vast mineral wealth, and a fiscal framework prioritising value addition presents a compelling, multi-faceted case for miners seeking a long-term, productive investment destination.

Fidelity Begins Implementing RBZ’s New 10% Export Surrender Policy for Small-Scale Miners

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Fidelity Gold Refinery (FGR) has begun implementing the new policy requiring small-scale gold miners to surrender 10% of their export earnings, following measures announced by the Reserve Bank of Zimbabwe (RBZ), Mining Zimbabwe can report.

The move comes after RBZ Governor John Mushayavanhu introduced the new retention framework in the Monetary Policy Statement released today, which effectively ends the full 100% export retention previously enjoyed by small-scale gold producers.

In a statement, FGR also urged small-scale miners to submit their local currency banking details, with the new retention policy set to be implemented with immediate effect.

“…Fidelity Gold Refinery wishes to advise all stakeholders, particularly small-scale gold producers and gold buying agents, that the 90:10 retention policy will be implemented effective immediately. To facilitate the seamless processing of the ZiG portion of payments, all small-scale miners are urged to ensure that their local currency banking details are submitted to Fidelity…” read part of the statement.

The new policy requires small-scale gold miners to retain 90% of their export proceeds while surrendering 10% to the central bank, which will be liquidated at the prevailing exchange rate.

The adjustment is part of a broader effort to widen foreign currency mobilisation and ensure uniformity in retention structures across the mining sector.

Zimbabwe’s small-scale and artisanal miners have in recent years emerged as the largest contributors to national gold deliveries, often surpassing large-scale mining companies in monthly output.

The policy implementation by FGR signals the beginning of the operationalisation of the new regulatory framework, with industry players expected to adjust their trading and settlement arrangements accordingly as the monetary policy measures take effect.

Gold buying prices in Zimbabwe per gram/ ounce, 3 March 2026

Gold buying prices in Zimbabwe per gram/ ounce, 3 March 2026, from the official gold buyer and exporter Fidelity Gold Refinery (FGR).

1 oz = 31.1035 g

CategoryPrice ($/g)Price ($/oz)
SG 90% and above162.595,057.12
SG 85% and above but below 90%160.875,003.62
SG 80% and above but below 85%159.154,950.12
SG 75% and above but below 80%157.424,896.31
Sample 5g and above but below 10g154.844,816.07
Fire Assay CASH163.455,083.87

 

Note: The Fire Assay cash price applies to gold above 100g, with no sample deduction.

A sample of not more than 10g is deducted for the Fire Assay Transfer price.

Small-Scale Gold Miners to now Get 90% in USD, 10% in ZiG

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Fidelity Gold Refinery has implemented a new 90:10 payment structure for small-scale gold producers following the latest monetary policy directive from the Reserve Bank of Zimbabwe (RBZ).

In a statement issued after the RBZ’s Monetary Policy Statement of 27 February 2026, Fidelity confirmed that small-scale miners will now receive 90% of their gold proceeds in foreign currency, with the remaining 10% paid in local currency (ZiG). The new structure takes effect immediately.

The refinery said the move aligns with the central bank’s revised retention framework for gold deliveries by small-scale producers and gold buying agents. Authorities believe the adjustment will improve foreign currency earnings for miners while maintaining local currency circulation in the domestic economy.

To ensure smooth processing of the ZiG portion of payments, Fidelity has urged all small-scale miners to submit their local currency banking details without delay. The company emphasized that compliance with the new requirements will help avoid payment disruptions.

Fidelity also assured stakeholders that it is committed to ensuring a seamless transition in line with the new monetary policy measures.

Small-scale miners account for the bulk of Zimbabwe’s gold deliveries, making the new 90:10 structure a significant development for the sector’s cash flows and viability.

WEMZ to Celebrate Women Transforming the Mining Sector

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Women Empowerment in Mining Zimbabwe (WEMZ) will host the 3rd edition of the Women in Mining Service Excellence Awards on 6th of March 2026 at the Monomotapa Hotel in Harare, running under the theme “Give to Gain: Celebrating Women in Mining Excellence,” Mining Zimbabwe can report.

By Rudairo Mapuranga

According to the Organizing Secretary, Chiedza Chipangura, this year’s awards are designed to be purely celebratory rather than competitive. Speaking on behalf of WEMZ, Ms. Chipangura emphasized that the goal is to ensure that every woman working in the mining sector receives the recognition she deserves.

“These awards are not performance-based. They are about appreciation and acknowledgment. They are celebratory, not competitive; they are complimentary,” said Ms. Chipangura. “We will continue to spotlight women until everyone is celebrated. Our goal is to inspire a new generation by showing them that there is a place for them in mining and to encourage more women to pursue professional careers in this field.”

WEMZ has confirmed that the Guest of Honour for the prestigious night will be the Deputy Minister of Mines and Mining Development, Honourable Engineer Fred Moyo. He will be joined by the Gender Director from the Ministry of Women’s Affairs, as well as a senior representative from the Ministry of Mines, underscoring the government’s commitment to inclusive growth in the sector.

A Night to Honour Legends

The gala evening, running from 18:00 to 22:00 hours, will bring together 350 delegates from at least 25 leading mining companies. In a special segment, WEMZ will pay tribute to the trailblazers who have paved the way for women in Zimbabwe’s mining industry. Honorary Lifetime Achievement Awards will be bestowed upon prominent women who have served in the highest positions within mining companies. This year’s honourees include Ella Muchemwa, Elizabeth Nerwande, Tsitsi Dhambuza, Tendai Madondo, Busi Chindove, and Dr. Nomusa Moyo, leaders whose careers have broken glass ceilings and inspired countless others.

Furthermore, the awards will recognize the institutions making this progress possible. Mining companies that actively include women in their workforce and foster inclusive environments will be celebrated as “Gender-Sensitive Organizations,” receiving recognition for their role in driving sustainable growth.

WEMZ has extended a partnership invitation to mining companies across the country. The organization is urging companies to support the celebration of the women who work for them by sponsoring their dinner in their honour. Participating companies are asked to fund their nominees’ participation, while WEMZ oversees the logistics, programme design, and extensive media coverage.

This partnership offers a unique opportunity for mining houses to enhance their corporate image by visibly demonstrating their commitment to gender empowerment.

Gold buying prices in Zimbabwe per gram/ ounce, 2 March 2026

Gold buying prices in Zimbabwe per gram/ ounce, 2 March 2026, from the official gold buyer and exporter Fidelity Gold Refinery (FGR).

1 oz = 31.1035 g

CategoryPrice ($/g)Price ($/oz)
SG 90% and above162.075,040.94
SG 85% and above but below 90%160.364,987.76
SG 80% and above but below 85%158.644,934.26
SG 75% and above but below 80%156.934,881.07
Sample 5g and above but below 10g154.354,800.83
Fire Assay CASH162.935,067.69

 

Note: The Fire Assay cash price applies to gold above 100g, with no sample deduction.

A sample of not more than 10g is deducted for the Fire Assay Transfer price.

Gold buying prices in Zimbabwe per gram/ ounce, 28 February 2026

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Gold buying prices in Zimbabwe per gram/ ounce, 28 February 2026, from the official gold buyer and exporter Fidelity Gold Refinery (FGR).

1 oz = 31.1035 g

CategoryPrice ($/g)Price ($/oz)
SG 90% and above158.724,936.75
SG 85% and above but below 90%157.044,884.49
SG 80% and above but below 85%155.364,832.24
SG 75% and above but below 80%153.684,779.99
Sample 5g and above but below 10g151.164,701.61
Fire Assay CASH159.564,962.87

 

Note: The Fire Assay cash price applies to gold above 100g, with no sample deduction.

A sample of not more than 10g is deducted for the Fire Assay Transfer price.