Mining ZimbabweLatest Mining News, Policy and Industry Updates

In an era where resource depletion threatens traditional mining, Pan African’s Muriel Mine has emerged as a masterclass in operational revival. By combining high-tech hydrosluicing, tailings retreatment, and aggressive exploration, the mine has transitioned from a three-month life expectancy to a 30-year horizon. The Association of Mine Managers of Zimbabwe (AMMZ) is now calling this strategy the “template” for a greener, more sustainable mining economy.

The Reserve Bank of Zimbabwe (RBZ) has moved to defend itself amid growing frustration from exporters over delayed payments of their surrendered foreign currency, saying the push for timely disbursements reflects increased confidence in the Zimbabwe Gold (ZiG) rather than need, Mining Zimbabwe can report.

By Ryan Chigoche

This comes as the apex bank maintained the 30% export surrender requirement in this year’s monetary policy, despite failing to pay exporters their liquidated funds timeously.

The situation is most pronounced in the mining sector. Major platinum group metals exporters, including Zimplats and Unki Mines, say they are still owed US$78.1 million and US$100 million, respectively, amounts that have been accumulating since early 2025.

Rather than addressing the growing backlog, RBZ Governor Dr. John Mushayavanhu suggested that exporters’ push for timely payment reflects growing confidence in the ZiG.

“You can see that ZiG has been strengthened over the past three or so months. In the past, exporters were saying, we can surrender the foreign currency, but don’t pay us the ZiG immediately, because we know that the exchange rate is going to depreciate. But now they are saying, no, no, no, the ZiG is appreciating. We want you to pay us immediately because we will lose value if you pay us later. So what that is telling me is that there is now increased confidence in the local currency,” Mushayavanhu said.

However, exporters insist it is their money, and delays continue to strain operations, hamper cash flow, and threaten reinvestment into Zimbabwe’s mining sector.

The government’s policy requiring exporters to convert 30% of foreign currency earnings into local currency at official rates has left the sector with millions in arrears.

Industry sources say these delays expose a sector-wide cash flow crisis, with multiple producers yet to receive local currency for export earnings dating back to early 2025.

The rule, originally meant to stabilise the local currency, has instead become a systemic operational risk, hampering mining operations and highlighting the disconnect between policy intent and reality.

At the end of January, the willing buyer, willing seller exchange rate stood at 25.5 ZiG to the US dollar.

While the RBZ insists the ZiG is stabilising, analysts say this has come at the expense of exporters whose funds remain locked.

By holding back payments, the government appears to be artificially limiting local currency in circulation, fearing that a full release could flood the market and trigger depreciation.

In effect, exporters are subsidising the stability of the ZiG, raising questions about the sustainability of the policy and its impact on cash flow and operational viability in Zimbabwe’s mining sector.

Analysts warn that the RBZ’s rhetoric does little to reassure exporters, and the disconnect could have broader implications for the country’s foreign currency management.

With pressure mounting from the mining sector and other key exporters, it remains to be seen whether the RBZ will expedite payments or continue to insist that the timing of ZiG disbursements is entirely at the bank’s discretion.

Meanwhile Fidelity Gold Refinery (FGR) yesterday announced that all ZiG payments owed have been paid.

“We wish to advise you all that all your 10% ZWG dollar payments have been processed. If your balance isn’t reflecting yet, please contact your bank directly to check the status of the transfer,” the company said.

Today, some miners claim the funds have not yet reflected in their accounts, with some claiming to have gone for over three weeks without getting paid their ZiG.

Over 30 women’s mining syndicates in Makaha remain idle despite allocated mining blocks, prompting urgent calls for government technical support to empower women miners in Zimbabwe.

More than 30 women’s mining syndicates in Makaha, Mashonaland East, remain non-productive despite being allocated mining blocks, Senator Appolinia Munzverengwi has revealed, issuing an urgent appeal for government technical assistance, Mining Zimbabwe can report.

By Rudairo Mapuranga

Speaking at a high-level event hosted by the Zimbabwe Women in Mining Association (ZAWIMA) on “The Role of Women in Responsible Sourcing: Strengthening Support Mechanisms for Women in Artisanal and Small-Scale Mining (ASM) in Zimbabwe and Beyond,” the senator expressed both gratitude for the land allocations and frustration at the lack of progress in transforming those allocations into actual production.

“You know, as a woman and as a senator in Mashonaland East, we do have a number of women that were allocated mines in Makaha as syndicates,” Senator Munzverengwi said. “And we are looking forward to the ministry coming up with some assistance so that we can realise what is underground.”

The women of Makaha received their mining blocks through a land allocation programme championed by President Emmerson Mnangagwa’s Second Republic, part of a broader drive to ensure local communities benefit from mineral resources found in their areas. But allocation alone, the senator stressed, is insufficient.

“The women in Makaha are not yet producing. They are not yet producing,” she emphasised. “We want to thank His Excellency Dr. Emmerson Mnangagwa. We got land in Makaha, and we have more than 30 women’s syndicates who were allocated blocks in Makaha.”

However, the gap between owning a claim and successfully mining it remains vast.

“But we are looking forward to the ministry coming to assist us because these are women in the countryside. They don’t even have the knowledge, but they want to mine. So they need to be assisted.”

Senator Munzverengwi’s concerns echo findings from recent research on women in Zimbabwe’s artisanal and small-scale mining sector. A 2025 study published in the University of Nairobi’s Journal of the African Women Studies Centre found that while progress has been made in women’s access to funding and credit, “persistent barriers remain, especially regarding access to information, training, and leadership roles.”

The study, which interviewed female small-scale miners from all ten provinces of Zimbabwe, noted that “most participants reported violations of their rights, limited access to basic services, and a lack of agency in production activities.”

Industry leaders have also highlighted the specific challenges women face. Silingiwe Masuku, national chairperson of the Zimbabwe Indigenous Miners Association (ZIMA), recently said that “technical training and capacity building are essential. Programmes that equip women with geological knowledge, mining management skills, and regulatory understanding will empower them to run sustainable mining operations.”

Senator Munzverengwi positioned the Makaha women’s potential contribution within the broader context of Zimbabwe’s mining success story.

“You know there’s a lot of gold now from the small-scale miners. We want to thank the leadership of ZMF. They are pushing for production, to increase the production,” she said.

Artisanal and small-scale miners now supply over 60 per cent of Zimbabwe’s gold output, a transformation driven largely by the Zimbabwe Miners Federation’s efforts to formalise and capacitate the sector.

“And we also want to contribute as women to what is happening already on the ground, on the volumes that are being produced,” the senator added, signalling that women miners are ready to claim their share of national production statistics.

The Makaha women’s situation stands in stark contrast to successful interventions elsewhere in the country. In Shurugwi District, a government-private sector partnership established a chrome mining project that now benefits over 300 women and youths from the Zvumwa area.

That initiative, launched by the government in collaboration with private sector partners, has transformed the economic prospects of an entire community, with women now running successful mining ventures and contributing meaningfully to local economic development.

Shurugwi North legislator Honourable Joseph Mupasi hailed the project as proof that “President Mnangagwa is walking the talk on leaving no one and no place behind.”

The Makaha syndicates need similar support to move from allocation to production.

Earlier at the ZAWIMA-hosted event, Deputy Minister of Mines and Mining Development Hon. Eng. Fred Moyo announced the government’s plan to establish mining offices in every district, a decentralisation drive aimed at bringing technical expertise closer to women miners.

“If we have officers in districts, we will be able to reduce disputes. The officer will be responsible for tracking mining claims in their districts,” Hon. Eng. Moyo said, signalling that the government is aware of the challenges women face and is moving to address them.

He also called on women’s mining associations to provide accurate data on their membership and production.

“As a government, we also want to know how many women are involved in mining, so associations should give us the numbers so we know. Formalise yourselves. We also want to know how much gold is coming from women. We need to walk together.”

Senator Munzverengwi’s call for ministry assistance aligns with recommendations from multiple stakeholders in the mining sector. The 2025 academic study on women’s economic empowerment through small-scale mining made specific recommendations including that the Ministry of Mines and Mining Development “review and revise existing regulations to tackle the specific hurdles women miners face” and that the Zimbabwe School of Mines “provide training programmes tailored to the needs of women miners.”

The Intergovernmental Forum on Mining, following a September 2025 workshop in Harare convened with Zimbabwe’s Ministry of Mines and Mining Development, the SADC Women in Mining Association, and ZASWMA, highlighted the need for “inclusive regional approaches to ASM formalisation and gender equality” and specifically addressed “women’s health and safety challenges in ASM.”

For the 30 women’s syndicates in Makaha, the allocation of mining blocks represents promise without delivery, land without knowledge, claims without production. Senator Munzverengwi’s plea to the ministry, delivered at the ZAWIMA event, is straightforward: provide the technical assistance needed to transform dormant allocations into active, productive mines.

“They need to be assisted,” she said simply.

The women of Makaha have the land. They have the will. What they lack is the knowledge, the technical expertise, and the structured support that could turn their blocks into the next success story in Zimbabwe’s small-scale mining sector.

As one miner in Shurugwi put it: “The President is walking the talk on his declaration that communities should benefit from natural resources that are found in their localities, and we are happy that as women we are partaking in this economic activity.”

The women of Makaha want nothing less.

Zimbabwe’s new energy framework is set to reshape the mining sector by unlocking captive power generation and reducing reliance on the national grid.

Zimbabwe’s Cabinet has approved a new energy governance framework that could transform power access for the country’s mining sector, one of the most energy-intensive industries. At the heart of the reforms is the formalisation of captive power generation, a growing trend among mines seeking to reduce reliance on an unreliable national grid, Mining Zimbabwe can report.

By Ryan Chigoche

In response to persistent grid shortfalls, several mining houses are expanding their own power capacity. Zimplats has commissioned a 35 MW solar plant at its Selous Metallurgical Complex, with a further 45 MW under construction as part of a long-term 185 MW target. Caledonia Mining’s Blanket Mine now runs a 12.2 MW solar facility, reducing reliance on grid and diesel power. Smaller operations, including Turk Mine and Dinson Iron & Steel, have also invested in captive generation, reflecting a broader sector trend toward self-supply in the face of unreliable electricity.

Given this, the new Own-Consumption Licensing Regulations 2026 now formalise this growing segment, providing a legal framework and regulatory clarity for businesses generating electricity for self-use. The rules reduce financing and insurance risks for large-scale self-generation projects, ensuring that mines can expand their power capacity without legal uncertainty.

The regulations also address other energy challenges that have long constrained mining operations.

The Energy Source Designation Notice 2026 clarifies classifications for solar, hydro, thermal, gas, and grid electricity, giving mines certainty when deploying hybrid or off-grid systems. The Solar Products and Installation Regulations 2026 set minimum quality and installation standards, protecting investments against substandard panels, inverters, and poorly executed installations.

Efficiency and cost management are tackled under the Energy Management Regulations 2026, which require large consumers, including mines, to monitor, report, and systematically reduce energy usage.

For years, the Chamber of Mines has engaged ZESA to secure prioritised supply, highlighting the critical need for formal energy management rules to reduce downtime and generator costs.

Meanwhile, the Backbone Infrastructure Provision Regulations 2026 open the sector to private participation in high-voltage transmission infrastructure, allowing mining companies to invest in substations and lines to secure a more reliable electricity supply.

Other instruments, including electricity export controls and EV charging station safety regulations, are part of the broader reform but have limited direct impact on mining operations.

For Zimbabwe’s mining sector, where electricity costs and supply reliability have long constrained production, the new framework provides both opportunities and responsibilities. Mines that invest in quality self-generation, comply with energy management rules, and explore private infrastructure partnerships can cut costs, reduce downtime, and align operations with emerging ESG standards.

The framework’s success will depend on enforcement by the Zimbabwe Energy Regulatory Authority, the Electricity Regulatory Commission, and the Ministry of Energy and Power Development.

“Gold price today remains a key indicator for Zimbabwe and South Africa’s mining sector, where exports and revenues are directly tied to global bullion movements.”

Gold prices retreated to their lowest level in a month, falling below the $5,000-per-ounce mark as persistent inflation concerns clouded expectations for interest rate cuts in the United States.

Spot gold dropped as much as 3% on Wednesday to $4,836 per ounce, its weakest level since mid-February. US gold futures mirrored the decline, while silver also lost roughly 3%, slipping below $80 an ounce.

In recent sessions, bullion had been trading within a relatively tight range, with markets balancing geopolitical tensions against rising inflation risks linked to the ongoing Middle East conflict. While gold typically benefits from uncertainty, elevated price levels and inflationary pressures are complicating the outlook by reducing the likelihood of near-term rate cuts.

As the conflict drags on, supply chain disruptions, particularly in energy markets, have intensified inflation fears. Since a strike on Iran late last month, gold has retreated more than 6%, reversing gains from its surge above $5,400, which had placed it within reach of January’s record highs.

Market analysts say the persistence of higher energy costs is feeding into broader inflationary pressures, limiting the US Federal Reserve’s room to ease monetary policy.

Longer-term outlook remains positive

Investors are now turning their attention to the Federal Reserve’s policy meeting, where rates are widely expected to remain unchanged. However, guidance on inflation and labour market conditions will be closely watched for signals on future monetary policy direction.

Despite the recent pullback, gold has still gained around 15% so far this year, continuing the strong momentum built in 2025.

Many analysts remain optimistic about the metal’s prospects, pointing to the potential for sustained inflation, or even stagflation, to reinforce gold’s role as a store of value.

Several major banks have maintained bullish forecasts. Earlier this year, JPMorgan projected gold could reach $6,300 by the end of 2026, while BNP Paribas expects prices to exceed $6,000. UBS has also set a target of $6,200 per ounce, citing historical trends showing gold’s resilience in the aftermath of geopolitical conflicts.