Mining ZimbabweLatest Mining News, Policy and Industry Updates

Zimbabwe’s gold sector recorded a significant resurgence in June 2025, with total deliveries to Fidelity Gold Refinery (FGR) increasing by 22.3% month-on-month (MoM) to 4,265.4926 kilograms, up from 3,488.0623 kg in May, Mining Zimbabwe can report.

By Rudairo Mapuranga

The robust performance was driven by a sharp rebound in artisanal and small-scale miner (ASM) output and consistent contributions from large-scale producers.

ASM deliveries in June stood at 3,312.6102 kg, reflecting a 29.9% MoM increase from May’s 2,552.0986 kg. Large-scale miners also registered a modest uptick, with deliveries rising to 952.8824 kg, up 1.81% from 935.9637 kg in May.

The June output marks a recovery after a brief slowdown in May when total gold deliveries had fallen 9.48% MoM from April’s 3,853.5812 kg. The latest rebound affirms Zimbabwe’s steady upward trend in gold production, fueled largely by small-scale miners responding to high global gold prices and better returns from Fidelity Gold Refinery.

Second Quarter Output Up 36.6% from Q1 2025

Zimbabwe’s second-quarter gold production surged to 11,607.1361 kg, a 36.6% increase from 8,496.4132 kg recorded in the first quarter of 2025. This dramatic growth was largely driven by artisanal and small-scale miners, whose output rose from 5,770.8580 kg in Q1 to 8,790.8174 kg in Q2 — representing a 52.3% quarter-on-quarter increase.

Large-scale miners delivered 2,816.3187 kg in Q2, compared to 2,725.5552 kg in Q1, a 3.3% increase, highlighting the slower growth pace among formal operators amid persistent structural and capital-related challenges.

These figures reaffirm the dominance of the ASM sector, which continues to contribute the lion’s share of Zimbabwe’s gold output. In 2024, ASM accounted for more than 65% of total production, and the trend appears to be accelerating in 2025.

Year-on-Year Growth Reflects Sector Momentum

Although May saw a dip compared to April, the year-on-year (YoY) statistics illustrate sustained sectoral momentum. Total gold deliveries in May 2025 rose 27.6% YoY, reaching 3,488.0632 kg compared to 2,734.1329 kg in May 2024. ASM deliveries alone increased 52.06% YoY, while large-scale miners posted an 11.34% decline, reflecting the resilience and agility of small players amid national and global headwinds.

In contrast, April 2025 stood out as the strongest month yet, with 3,853.5812 kg delivered — a 47% YoY increase from April 2024’s 2,386.9067 kg. ASM contributed 2,926.1086 kg, marking an 82.42% YoY jump, while large-scale producers delivered 927.4726 kg, a 20.65% YoY decline.

Gold Exports and Investment Outlook

Driven by the strong performance in the first half of the year, Zimbabwe’s gold export earnings soared past US$740 million in the first five months of 2025 — up from US$590 million during the same period in 2024. The export growth is attributed to both volume increases and record global gold prices, which recently surpassed US$3,000 per ounce.

Economist Dr. Prosper Chitambara noted that gold’s appeal as a safe-haven asset amid global economic uncertainty has increased investor interest, strengthening Zimbabwe’s position as a key regional player. Tax consultant Simba Hamudi also predicted that gold would likely maintain its top spot in export receipts throughout 2025.

Ambitious Targets and Investment Needs

The Zimbabwe Miners Federation (ZMF) has projected that gold output for 2025 could reach 52 tonnes, well above the official 40-tonne government target. ZMF President Henrietta Rushwaya emphasized the capacity of the ASM sector to deliver, provided that formalisation and input support are scaled up.

“This year, I’m sure we’re going to surpass the 40 tonnes that the government has earmarked for national gold production. We’ll probably come up with between 50 to 52 tonnes,” Rushwaya said.

Meanwhile, former Chamber of Mines President Thomas Gono underscored the need for over US$1 billion in investment to achieve Zimbabwe’s ambitious 100-tonne annual gold production vision, highlighting critical areas such as exploration, mechanisation, and beneficiation.

Zimbabwe’s gold sector is enjoying a resurgent year, with export earnings surpassing US$740 million in the first five months of 2025, significantly up from just over US$590 million during the same period last year, Mining Zimbabwe can report.

By Rudairo Mapuranga

Buoyed by record-high global prices and robust deliveries from artisanal and small-scale miners (ASM), the country’s gold industry is not only consolidating its position as the top foreign currency earner but also exceeding production forecasts.

According to the Reserve Bank of Zimbabwe, gold exports remain on an upward trend, supported by global market prices that recently breached US$3,000 per ounce — their highest level on record. The bullish prices have fuelled investor confidence and revitalised local mining operations, particularly among small-scale producers.

Economist Dr. Prosper Chitambara attributed the positive momentum to global demand for gold as a safe-haven asset amid economic uncertainty.

“Gold is trending upwards, and this has ignited more investor interest, increasing the overall value of Zimbabwe’s exports,” he said.

Tax consultant Simba Hamudi echoed this sentiment, stating that if the current trajectory continues, gold will remain the top contributor to Zimbabwe’s export receipts through to the end of the year.

ZMF Projects Record Production

The Zimbabwe Miners Federation (ZMF) has forecast that the country could produce up to 52 tonnes of gold in 2025, well above the government’s target of 40 tonnes. Speaking in Harare, ZMF President Henrietta Rushwaya expressed confidence in the sector’s ability to deliver.

“This year, I’m sure we’re going to surpass the 40 tonnes that the government has earmarked for national gold production. We’ll probably come up with between 50 to 52 tonnes,” Rushwaya said.

Her optimism is grounded in the extraordinary performance of the ASM sector, which contributed nearly 69% of total gold output in 2024. With improved incentives from Fidelity Gold Refinery, better prices, and increasing formalisation, small-scale miners are expanding their production capacity and becoming more bankable.

Production Trends and Market Realities

Official data from Fidelity Gold Refinery indicates that while gold deliveries declined 9.48% in May compared to April 2025 — falling to 3,488.06 kg from 3,853.58 kg — the year-on-year picture remains overwhelmingly positive. Compared to May 2024, gold output rose 27.6%, highlighting the strength of the sector.

The ASM sector delivered 2,552.10 kg in May 2025, marking a 52% increase from the same month last year, despite a slight dip from April’s record haul. Large-scale miners, meanwhile, delivered 935.96 kg in May — a modest month-on-month gain but an 11.34% drop compared to May 2024, underlining the challenges they face with high production costs and limited access to capital.

April 2025 stands out as the year’s strongest month so far, with deliveries totalling 3,853.58 kg — a 47% increase from April 2024. ASM was responsible for 2,926.11 kg, an 82.42% year-on-year surge, while large-scale producers contributed less than 1,000 kg.

The first quarter of 2025 recorded 8,496.41 kg of gold deliveries, up 40.5% from Q1 2024. ASM’s contribution of 5,770.86 kg represented a staggering 99% increase compared to the previous year.

Calls for Investment and Structured Support

ZMF President Rushwaya stressed the need for increased support to ASM players, calling on the government to introduce an input support scheme similar to that used in agriculture.

“If farmers get inputs every season, why can’t we have a similar programme for small-scale miners? This would boost production dramatically,” she said.

Rushwaya also reaffirmed the need for structured stakeholder engagement to resolve land-use conflicts and strengthen sustainable mining practices.

“We need structured engagement between all stakeholders. That’s the only way to protect our communities, grow the sector, and formalise ASM operations sustainably.”

100-Tonne Ambition Requires Over US$1 Billion

Former Chamber of Mines President Thomas Gono recently stated that Zimbabwe could reach 100 tonnes of gold production annually, but only if bold investments are made across the value chain. Gono estimates that over US$1 billion is needed to fund exploration, mechanisation, and processing capacity for both ASM and large-scale operations.

“There is no doubt Zimbabwe can reach 100 tonnes of gold production per year, but it will require coordinated investment of over a billion dollars,” Gono said.

Challenges Remain

Despite the optimism, Rushwaya raised concerns over some aspects of the Mines and Minerals Bill, particularly around community protection and the participation of foreign miners within claims meant for locals.

“We now have pegging taking place less than 100 metres from people’s homes — even across graveyards. That’s disrespectful and must be addressed,” she warned.

Rushwaya also challenged the continued allocation of 40-hectare claims to foreign nationals.

“A person coming to mine 40 hectares cannot be called an investor. That space is meant for locals,” she added.

A Sector in Transition

The Zimbabwean gold mining industry is at a turning point. Global prices, strong ASM performance, and increased formalisation have created momentum, but long-term success will require sustained investment, modernisation of legal frameworks, and consistent stakeholder support.

With the right policies and partnerships, Zimbabwe could not only surpass its 2025 targets but also lay the foundation for a century-defining gold economy.

The Planet Gold Zimbabwe project is targeting a major environmental milestone—eliminating over 4.85 tonnes of mercury from the country’s artisanal and small-scale gold mining (ASM) sector over the next five years, Mining Zimbabwe can report.

By Rudairo Mapuranga

Speaking to Mining Zimbabwe, Planet Gold Project Manager Nyaradzo Mutonhori said this effort is part of Zimbabwe’s broader commitment to safer, more sustainable mining practices under the Minamata Convention on Mercury. She noted that the programme is being co-chaired by the Ministry of Mines and Mining Development and the Ministry of Environment, Climate and Wildlife.

“We aim to reduce the use of mercury by 4.85 tonnes in five years. This aligns with Zimbabwe’s National Action Plan under the Minamata Convention, which is hosted by the Ministry of Environment,” said Mutonhori.

Searching for Safer, Chemical-Free Gold Processing Methods

The project is currently evaluating alternative technologies to mercury use, with a strong preference for chemical-free methods over options like cyanide, which, while effective, also poses serious health and environmental risks.

“While cyanide may be considered, it’s still a hazardous chemical. We are focused on identifying safer, mercury-free, and ideally chemical-free processing technologies,” Mutonhori explained.

She said the project is committed to finding solutions that avoid introducing new risks into mining communities while improving gold recovery and reducing environmental harm.

National Coordination Through a Multi-Stakeholder Committee

Planet Gold Zimbabwe is being implemented through a Project Steering Committee that includes key institutions such as the Zimbabwe Miners Federation (ZMF), Fidelity Gold Refineries, the Ministry of Health and Child Care, and several other regulatory departments.

“It’s a coordinated national effort. We have all the critical stakeholders on board, from miners to regulators. Collaboration is central to achieving our goals,” she said.

Tackling Mercury Use in ASM: A National Priority

Mercury remains widely used in Zimbabwe’s ASM sector due to its low cost and simplicity in gold amalgamation. However, the toxic metal poses significant threats to human health, ecosystems, and water sources, especially in rural mining communities.

Zimbabwe’s commitment to mercury reduction under the Minamata Convention signals a shift toward a modernised and responsible mining model—one where economic development does not come at the cost of public health and the environment.

A mining company preparing to launch operations in Zimbabwe has come under fire from the Zimbabwe Diamond and Allied Minerals Workers’ Union (ZDAMWU) and other industry stakeholders after advertising a senior leadership role that appears to devalue Zimbabwean mining engineering qualifications.

By Ryan Chigoche

The job vacancy, posted by recruitment agency Precision Recruitment International, calls for a General Manager with a Mining Engineering degree “preferably obtained from a university outside Zimbabwe.”

The wording has drawn sharp criticism from ZDAMWU, which told Mining Zimbabwe that the advert raises serious questions about the recognition and value placed on local qualifications and skills.

“The recent advertisement… raises important questions about the perceived value and recognition of local mining engineering qualifications and whether the investors coming to invest in Zimbabwe do value local qualifications and skills,” said ZDAMWU General Secretary Justice Chinhema.

Zimbabwe’s mining sector has, for decades, been led by professionals trained at local institutions. Even during the country’s most difficult economic periods, local engineers have played a central role in sustaining production across gold, platinum, diamond, and other mineral operations.

Critics argue that the advert sends a damaging message about the credibility of Zimbabwean qualifications at a time when many local engineers continue to lead major mining projects both domestically and abroad.

The controversy has also reignited debate over the state of Zimbabwe’s engineering education system. While some acknowledge that ongoing economic challenges may have strained local institutions, many insist that Zimbabwean-trained engineers remain highly capable and experienced in managing mining operations in the country’s unique geological and socio-economic context.

ZDAMWU Calls for Fair Recruitment Practices

In comments to Mining Zimbabwe, ZDAMWU acknowledged that international exposure can benefit professionals but strongly warned against undermining local skills.

“It is crucial that these qualifications are seen as credible and competitive on both local and international platforms,” ZDAMWU said.

While strongly advocating for the development and recognition of Zimbabwean mining engineering qualifications, the union warned that giving preference to foreign qualifications “may inadvertently undermine the confidence of local professionals and could contribute to a perception that local expertise is less valuable.”

ZDAMWU urged mining companies to adopt “fair and transparent recruitment policies” that recognize the quality of Zimbabwean qualifications and experience. It also called on regulatory bodies, training institutions, and industry stakeholders to work together to strengthen local training programs and enhance global competitiveness.

“ZDAMWU remains committed to advocating for fair employment practices, recognition of local talent, and the development of a robust and self-sufficient mining workforce in Zimbabwe,” Chinhema said.

The advert comes at a time when the government is actively pushing for greater local content, empowerment, and skills recognition across the mining sector. As the controversy continues to spark debate, attention will now turn to how the mining company and its recruitment partners respond.

A mining operation in Zimbabwe has sparked widespread condemnation after advertising a senior leadership role that appears to undermine the value of Zimbabwean mining engineering qualifications.

By Ryan Chigoche

The vacancy, posted by Precision Recruitment International, calls for a General Manager with a Mining Engineering degree “preferably obtained from a university outside Zimbabwe.”

This phrasing has provoked fierce backlash within the mining sector, with local professionals viewing it as a direct devaluation of Zimbabwe’s hard-earned educational credentials.

Zimbabwe’s mining sector has long relied on locally trained engineers to lead its operations. Many earned their degrees during periods when Zimbabwean universities were regarded as producing some of the best mining engineering graduates in the region.

These qualifications have served as the foundation for decades of success, with local mine managers steering operations through some of the country’s toughest economic and operational challenges, including hyperinflation, power shortages, and regulatory uncertainty.

Today, most senior managers at active mines hold Zimbabwean qualifications and have risen through years of hands-on experience, leveraging deep practical knowledge of local geology and regulatory frameworks. This expertise remains crucial and difficult to replace.

Global Recognition of Zimbabwean Engineers

Zimbabwean mining engineers are not just valued at home; their skills and leadership are sought after internationally. Many hold senior roles such as Mine Managers, Operations Directors, and even Chief Operating Officers across Southern Africa and Australia.

Their success in jurisdictions with more stringent safety and environmental standards challenges the notion that Zimbabwean qualifications are inferior.

Against this backdrop, the insistence on a foreign degree for a role requiring at least 10 years of senior experience raises important questions.

Candidates of this seniority graduating from Zimbabwean universities around or before 2005 were educated under systems still highly respected internationally.

Critics argue that preferring foreign degrees unfairly sidelines qualified local professionals and perpetuates an outdated bias against Zimbabwean education.

Adding to that, such a preference often leads to the appointment of expatriates, who come with added costs like relocation packages, expatriate allowances, and higher salaries.

In an industry increasingly focused on cost optimisation and value for shareholders, this approach risks financial inefficiency and operational disruption.

Contradiction With Government Policy and Local Content Framework

Zimbabwe’s mining policy strongly supports local content and skills development, encouraging foreign investors to employ and promote Zimbabwean professionals.

By prioritising foreign degrees, the company risks running afoul of these policies, potentially attracting regulatory scrutiny and harming its standing with government authorities.

This recruitment language echoes colonial-era attitudes that equate foreign education with superiority, undermining years of progress in decolonising Zimbabwe’s mining leadership.

It also perpetuates harmful stereotypes that unfairly diminish local professionals despite their proven capabilities.

By choosing to bypass local talent rather than investing in mentoring and upskilling, the company signals a lack of commitment to the long-term growth of Zimbabwe’s mining workforce.

This approach is short-sighted and jeopardises the sustainability of the sector’s human capital.

This development comes at a time when Zimbabwe’s mining industry is entering a growth phase, with new lithium, gold, and platinum projects coming online.

At this pivotal moment, it is important that investors act as partners in local empowerment, nurturing and elevating local leadership rather than sidelining it.

As the debate intensifies, many are calling on regulators, professional bodies, and government agencies to step in and ensure recruitment practices are fair, transparent, and aligned with Zimbabwe’s national development goals.

Zimbabwe’s mining sector deserves leadership that recognises and values its own engineering professionals who have proven their mettle on both the local and global stages.

London Stock Exchange-listed mining and exploration junior, Premier African Minerals Limited, has issued over 5.7 billion new shares to Canmax Technologies Co., Ltd., converting close to US$940,000 in accrued interest into equity, as the two companies continue to deepen their strategic collaboration on the Zulu Lithium and Tantalum Project in Fort Rixon, Mining Zimbabwe can report.

By Rudairo Mapuranga

The transaction, which sees £688,957.63 (US$938,755.14) worth of interest transformed into 5,741,313,598 ordinary shares, follows the terms laid out in an amended offtake and prepayment agreement between the two parties. The shares, priced at 0.012 pence each—the same as the direct subscription announced on 11 June 2025—are expected to be admitted to trading on the AIM market of the London Stock Exchange around 8 July 2025.

The new shares will rank equally with existing ordinary shares. Upon issuance, Premier’s total issued share capital will stand at just over 76 billion shares, which shareholders may use as a new benchmark for disclosing ownership under the UK’s financial transparency regulations.

This equity conversion is part of a broader realignment of the commercial relationship between Premier and Canmax. In December 2024, both companies amended their original 2022 offtake and prepayment agreement after Premier defaulted on its obligation to deliver a minimum of 1,000 tonnes of lithium spodumene concentrate per month in late 2023. The company had secured US$34.64 million in prepayments from Canmax to construct and commission the Zulu Lithium plant.

Due to the missed deliveries in November and December 2023, Canmax carried forward a balance of US$3 million and raised the applicable interest rate on the outstanding amount to 12% per annum from 1 December 2023. Despite these setbacks, Canmax remained supportive, opting for a collaborative path rather than invoking more severe contractual remedies.

The most recent amendment, announced late last year, includes several key safeguards designed to protect Canmax’s investment while giving Premier time to find new partners and stabilise production. The Long Stop Date for Premier to settle its obligations was extended to 31 December 2025 or until the company secures a Canmax-approved buyer for the lithium product. Among the conditions, Premier must not pledge its assets without written consent from Canmax and must maintain financial transparency and operational compliance. Premier’s board members have also personally committed to fulfilling these obligations.

Importantly, Canmax now retains the right to partially convert outstanding obligations into Premier shares, maintaining a 13.38% stake in the company on a fully diluted basis.

Premier’s CEO, George Roach, has previously acknowledged the challenges faced in bringing Zulu Lithium into full production but maintains confidence in the project’s potential and Canmax’s ongoing support.

With this share issuance and Canmax’s growing equity stake, the relationship between the two companies appears to be evolving from simple prepayment-for-offtake terms into a more strategic, equity-based partnership. For Zimbabwe, this signals renewed investor confidence in one of its most prominent lithium projects—a critical mineral for the global electric vehicle and energy storage sectors.

As the Zulu project edges closer to stabilised production, Canmax’s involvement will likely provide not just capital, but crucial technical oversight and market credibility, potentially positioning Zulu Lithium as a long-term player in Africa’s rapidly expanding battery minerals landscape.