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Chamber of Mines Annual Conference to Spotlight PGMs, Gold, and Critical Minerals Value Chains

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Platinum Group Metals (PGMs), Gold, and Critical minerals value chain are set to dominate discussions at the upcoming Chamber of Mines of Zimbabwe Annual Conference in Victoria Falls, scheduled for May 21–24, 2025.

According to the Chamber of Mines Chief Executive Officer (CEO), Isaac Kwesu, the conference will shine a spotlight on these vital commodities through specialised symposiums and thematic sessions tailored to address pressing issues and opportunities in the sector.

The Gold Symposium and PGMs Session will offer in-depth dialogue on critical industry themes such as exploration prospects, value addition through beneficiation, and environmental sustainability. Experts from local and international operations, policymakers, and researchers will share insights into how Zimbabwe can position its gold and PGM industries competitively in the face of fluctuating global prices and shifting investor expectations.

Meanwhile current President, Mr. Thomas Gono, will conclude his two terms at the helm of the mining industry’s premier representative body. A new President will be appointed on the first day, when constitutional meetings will be held.

Gono is currently deputised by ZIMASCO CEO Mr John Musekiwa, who is the First Vice President and Munashe Shava as Second Vice President. Shava is Kuvimba Mining House’s technical director.

Chamber of Mines of Zimbabwe Annual Conference and Exhibition

The conference provides a platform for industry leaders, investors, and government stakeholders to align on strategies that ensure long-term growth, sustainability, and competitiveness for the country’s mining sector.

It is one of the top events that attracts Mining companies’ Chief Executive Officers and boards of directors.

For registration contact
Nyasha or Nom’hle
+263 782 708 398 – 401
Email: [email protected]

Visit the Chamber of Mines website on www.chamines.co.zw

Gold buying prices per gram in Zimbabwe, 8 May 2025

Gold buying prices per gram in Zimbabwe today, 8 May 2025, from the official gold buyer and exporter Fidelity Gold Refinery (FGR).

SG 90% and ABOVE US$103.06/g.
SG ABOVE 89% BUT BELOW 90% US$101.97/g.
SG ABOVE 80% BUT BELOW 85% US$100.88/g.
SG ABOVE 75% BUT BELOW 80% US$99.79/g.
SAMPLE BELOW 10g BUT ABOVE 5g US$98.15/g.

Fire Assay CASH $103.61/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.

Government Backs Small-Scale Miners as Q1 Gold Exceeds Target

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The Zimbabwean government has reiterated its strong support for Artisanal and small-scale miners (ASM), emphasising their critical role in the country’s mining sector following a successful start to 2025.

By Ryan Chigoche

The government’s commitment comes as new statistics reveal a robust performance in the first quarter, particularly driven by small-scale miners, who continue to contribute significantly to gold production.

The first quarter of 2025 saw impressive gold deliveries, with January reporting 3.13 tonnes, followed by 2.56 tonnes in February and 2.79 tonnes in March.

This steady production resulted in a total of 8.50 tonnes of gold delivered by the end of March, surpassing the target of 7 tonnes set for the quarter. This marks a notable 21.4% increase over the target, underscoring the vitality of Zimbabwe’s gold sector and the growing contribution of small-scale miners.

The contribution from small-scale miners was particularly significant, with their combined output for the quarter amounting to 5.77 tonnes, representing 68% of the total gold deliveries.

Minister of Mines and Mining Development, Hon Winston Chitando, underscored the importance of this momentum in deliveries during a Gold Mobilisation Workshop in the capital. He emphasised that the government’s commitment to small-scale miners remains steadfast, noting that their success is a direct result of focused efforts to mobilise and support this vital part of the industry.

“The success we have seen in the initial months of 2025 is a testament to the hard work of our miners and the effectiveness of our mobilisation strategies. We must continue to build upon this momentum. Our commitment to supporting small-scale producers through formalisation, training, and access to fair markets remains unwavering. Similarly, we will continue to engage with our primary producers to ensure that together we create a stable, sustainable, and productive operating environment,” said Minister Chitando.

This performance is a clear reflection of the ongoing efforts to formalize and support small-scale producers, ensuring that they have the tools and resources needed to thrive in an increasingly competitive industry.

While the primary producers—large-scale mining companies—also played an important role, contributing 32% of the total production, the government recognises the need for continued investment in this segment to ensure a more balanced and sustainable growth trajectory.

The government’s continuous efforts to empower small-scale miners, improve training programs, and facilitate access to fair markets are crucial in sustaining the positive momentum seen in the first quarter. With a strong collaborative approach between small-scale and large-scale producers, Zimbabwe’s mining sector is well-positioned to maintain its growth trajectory throughout the year.

Minister Chitando, however, highlighted that there is a need to address the issue of gold smuggling, which is highly prevalent among small-scale miners.

Kavango Reports Potentially Massive Drilling Results at Hillside Gold Project

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British exploration firm Kavango Resources Plc has announced encouraging early drilling results from Prospect 3 of its Hillside Gold Project in Matabeleland, southern Zimbabwe.

By Ryan Chigoche

The Hillside Project is Kavango’s most advanced venture in the country. It spans 503 hectares and includes 44 gold claims, divided into six exploration zones. Prospect 1, which includes the historic Bills Luck Mine, has previously shown strong potential. Between 1916 and 1950, the mine produced 17,000 ounces of gold at an average grade of 7.7 grams per tonne.

With global gold prices now exceeding US$3,000 per ounce, Kavango is intensifying exploration efforts at Prospects 3 and 4. Recent drilling at Prospect 3 revealed better-than-expected gold grades across six defined mineralised shear zones. These zones appear to become richer with depth, indicating potential for shallow open-pit mining in the short term, followed by deeper mechanised underground mining.

The company’s shallow drilling programme—34 diamond drill holes in total—has provided enough geological and assay data to begin defining a resource at Prospect 3. A follow-up drilling phase is now being planned to explore the extent of the gold mineralisation along strike and at greater depths. An official update will be released once preparations are complete.

Kavango noted that the structural characteristics of Prospect 3 resemble those found in gold deposits in Western Australia, where modern spiral decline mining methods are commonly used.

CEO Matthew Turney said the higher-than-expected grades across multiple zones offer a bigger opportunity than initially anticipated. The results suggest a mineralised system with economic potential, supported by a strong correlation between high-grade drill intercepts and existing artisanal workings.

Artisanal miners have been active at Prospect 3 for the past 20 years, but their operations typically reached only 25 metres below the surface. According to Kavango, deeper sections of the hard rock—specifically granodiorite—remain largely untouched and show increasing gold grades at depth.

Early findings indicate that the mineralised zone at Prospect 3 could be at least 150 metres wide and over 650 metres long. It remains open both along strike and at depth. Kavango’s next drilling phase will aim to test the full extent of this system and potentially confirm a significant gold discovery.

Alongside Hillside, Kavango is also developing its Nara and Leopard projects. Nara includes four historic mines near Bulawayo, with a combined production history of more than 90,000 ounces of gold. Leopard consists of two claim groups that have together produced 2,000 ounces.

Collaboration Key in Tackling Gold Smuggling for the Benefit of Zimbabwe: Chitando

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The Ministry of Mines and Mining Development has emphasised that collaboration among all stakeholders is essential to addressing the persistent issue of gold smuggling and mineral leakages in Zimbabwe’s mining sector.

By Ryan Chigoche

These illegal activities continue to drain national resources and undermine efforts to capitalise on the country’s mineral wealth fully.

As Zimbabwe aims for a target of 40 tonnes of gold production in 2025, the sector has already shown encouraging performance in the year’s first quarter.

This early progress fuels optimism for meeting the goal, but the path forward hinges on reducing illicit gold trade and ensuring all gold is routed through official channels.

Without curbing smuggling, reaching this target will remain a difficult challenge.

According to reliable reports, gold smuggling costs Zimbabwe over $1.5 billion annually—a staggering loss that impacts the national economy, especially since mining is one of the country’s largest foreign currency earners.

Against this background, Minister of Mines Winston Chitando, speaking at the Gold Mobilisation Send-Off Workshop in Harare, addressed the urgency of collaboration among all stakeholders to combat these issues.

“It is important to acknowledge, however, the significant challenges that continue to face our gold mining sector. Foremost among these are illicit activities and the ongoing issue of gold smuggling. Due to its inherent nature as a high-value and low-volume commodity, gold is particularly susceptible to leakages to various international markets. To effectively curb these detrimental activities, strong collaboration and shared responsibility amongst all stakeholders is paramount,” he said.

A key element of the government’s strategy to address gold smuggling and mineral leakages is the Gold Mobilisation Program. The focus of the 2025 First Quarter Gold Mobilisation Exercise will be the eight mining provinces.

These exercises are integral to the broader effort to formalise gold trading in Zimbabwe.

By offering favourable terms and ensuring timely payments, the government is encouraging miners to sell through official channels rather than turning to illicit buyers.

This approach aims to curb illegal exports and boost gold deliveries through formal systems, which are crucial for meeting the country’s gold production target.

In addition to the Gold Mobilisation Exercises, the government is enhancing efforts to monitor mining activities and strengthen border security to prevent illegal exports.

Increasing surveillance at mining sites and reinforcing border controls will help ensure that Zimbabwe’s gold resources are safeguarded and contribute to the nation’s economic development.

Minister Chitando further emphasised the need for vigilance and ongoing collaboration to protect the country’s mineral resources:

“As we move forward, we must remain vigilant against illicit activities and smuggling. The inherent value of gold necessitates a continued collaborative effort amongst all stakeholders to safeguard this precious resource for the benefit of Zimbabwe.”

Through sustained efforts and a commitment to formalising the gold trade, Zimbabwe aims to reduce mineral leakages and ensure its resources contribute to the country’s prosperity, providing both economic growth and long-term stability for the sector.

Kuvimba Gold Cluster Embarks on $7 Million Exploration Programme to Extend Mine Life

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In a strategic move aimed at unlocking Zimbabwe’s gold potential, Kuvimba Mining House’s Gold Cluster, the biggest gold miner in the country, has launched an extensive exploration programme set to significantly extend the life of its flagship gold operations — Freda Rebecca, Jena Mine, and Shamva Mine.

By Rudairo Mapuranga

Currently, Freda Rebecca operates with a life-of-mine of four years, Jena with five years, and Shamva Mine with fifteen years. The company’s target is to ensure each of these operations holds at least a 10-year lifespan to guarantee long-term sustainability and value for the nation.

“We have embarked on the first leg of an extensive exploration programme this year,” said Patrick Maseva-Shayawabaya, the Head of the Gold Cluster, during a media tour at Freda Rebecca Mine in Bindura. “Our goal is to extend our operations to a minimum average of 10 years across all our gold assets.”

The exploration effort involves drilling a total of 37,000 metres at a total cost of US$7 million. This bold investment could unlock approximately 40 million tonnes of ore, containing nearly 2 million ounces of gold.

While the current focus is on this year’s phase, the exploration programme is designed to be continuous, reinforcing Kuvimba’s long-term commitment to Zimbabwe’s gold sector.

“Our life-of-mine strategy isn’t just about numbers. It’s about sustaining jobs, empowering communities, and ensuring the nation continues to benefit from its resources,” said Maseva-Shayawabaya.

In addition to exploration, the Gold Cluster is rolling out safety and innovation-driven improvements, particularly at Freda Rebecca, to combat challenges like ground falls. These include remote loading and charging systems to reduce underground risk and improve operator safety.

As Zimbabwe’s largest gold producer, Kuvimba’s exploration commitment signifies a robust confidence in the country’s mineral wealth and its potential to drive the broader economy.

Chamber of Mines to Usher in New Era as Gono Presidency Ends

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The Chamber of Mines of Zimbabwe (CoMZ) is set to mark a transition in leadership during its 2025 Annual Mining Conference and Exhibition, as outgoing President Mr. Thomas Gono steps down after his two-year term at the helm of the mining industry’s premier representative body.

Scheduled for the opening day of the highly anticipated Annual Mining Conference in Victoria Falls, the event will open with constitutional meetings that will not only address governance matters but also chart the way forward for a sector at the heart of Zimbabwe’s economic ambitions.

Mr. Gono’s tenure has been marked by a period of consolidation and advocacy during a time of both opportunity and challenge in the mining sector.

As the industry looks to scale production and attract fresh investment under the country’s US$12 billion mining vision, the incoming President will inherit a portfolio that demands both visionary leadership and strong stakeholder coordination.

“The leadership change is a pivotal moment,” said an industry insider. “It’s more than just a change of guard—it’s about setting the tone for how the Chamber will drive engagement, policy influence, and sector growth in the years ahead.”

Gono is currently deputised by ZIMASCO CEO Mr John Musekiwa who is the First Vice President and Munashe Shava as second Vice President.

As Zimbabwe’s mining industry continues to play a foundational role in economic development, the 2025 Annual Mining Conference and Exhibition is not just a procedural milestone—it is a turning point that could redefine the Chamber’s strategic posture for the next decade.

Gold Prices Rise Sharply

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Gold producers in Zimbabwe are set to earn more today as Fidelity Gold Refinery (FGR), the country’s official gold buyer and exporter, significantly increased buying prices per gram across all gold purity categories.

By Keith Sungiso

Below is a comparison of prices between 6 May 2025 and 7 May 2025 buying rates:

Gold Purity Category6 May 2025 Price (USD/g)7 May 2025 Price (USD/g)Price Increase (USD/g)
SG 90% and ABOVE$98.73$103.04+4.31
SG ABOVE 89% BUT BELOW 90%$97.68$101.95+4.27
SG ABOVE 80% BUT BELOW 85%$96.64$100.85+4.21
SG ABOVE 75% BUT BELOW 80%$95.59$99.76+4.17
SAMPLE BELOW 10g BUT ABOVE 5g$94.03$98.13+4.10
Fire Assay CASH$99.25$103.58+4.33

The Fire Assay CASH price showed the largest jump, increasing by $4.33 per gram, reaching $103.58/g. The base category for SG 90% and above also saw a strong rise of $4.31/g. All other categories recorded gains slightly above $4 per gram, reflecting a uniform bullish trend in gold prices.

This increase is a positive signal for artisanal and small-scale miners, as well as large-scale producers, who benefit from improved margins. The adjustments mirror international gold market movements and a strong US dollar.

Gold buying prices per gram in Zimbabwe, 7 May 2025

Gold buying prices per gram in Zimbabwe today, 7 May 2025, from the official gold buyer and exporter Fidelity Gold Refinery (FGR).

SG 90% and ABOVE US$103.04/g.
SG ABOVE 89% BUT BELOW 90% US$101.95/g.
SG ABOVE 80% BUT BELOW 85% US$100.85/g.
SG ABOVE 75% BUT BELOW 80% US$99.76/g.
SAMPLE BELOW 10g BUT ABOVE 5g US$98.13/g.

Fire Assay CASH $103.58/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.

Intrachem Aims for ISO 9001 Certification to Strengthen Quality Standards by Year-End

Intrachem, a leading local manufacturer and supplier of explosives and accessories for the mining sector, is intensifying efforts to align with international quality management standards by pursuing ISO 9001 certification before the end of the year, Mining Zimbabwe reports.

By Ryan Chigoche

The move comes as part of the company’s broader strategy to boost operational efficiency, enhance customer confidence, and ensure consistent product quality in Zimbabwe’s competitive and safety-sensitive mining explosives market.

Speaking to Mining Zimbabwe at the recent Association of Mine Managers Zimbabwe Q1 Technical Visit hosted by the company, Plant Manager Owen Mupomba said the certification will go a long way in boosting miners’ confidence in their products.

“So, what we have done now as an organisation is we are actually embarking on ISO 9001 just to ensure that, in terms of quality, we are also certified. So that will actually boost confidence in our customers.

“Once we are certified, I’m sure people will appreciate the quality certification. So we are actually on a program, and we have already attained ISO 45001. We are now planning to probably get a certification for ISO 9001 before the end of the year,” Mupomba said.

ISO 9001 is the internationally recognised standard for quality management systems (QMS).

It provides a framework that helps businesses consistently meet customer and regulatory requirements while focusing on continuous improvement.

For a company like Intrachem, which supplies products that directly impact mine safety and productivity, ISO 9001 certification signals a serious commitment to delivering reliable and high-quality services.

The company has already attained ISO 45001 certification, which focuses on occupational health and safety management systems.

This standard ensures that organizations proactively manage risks to reduce workplace incidents and improve employee well-being—particularly crucial in sectors like mining where operational hazards are inherent.

With these certifications, Intrachem is not only aligning itself with best practices but also positioning itself more competitively in both local and regional markets where certified suppliers are often prioritised.

Looking ahead, by formalising its processes under the ISO framework, Intrachem aims to foster stronger relationships with clients and regulators, reduce operational inefficiencies, and uphold safety and environmental standards within the volatile explosives supply chain.

As Zimbabwe’s mining sector continues to grow, driven by surging demand for critical minerals and increased investment, Intrachem’s proactive approach to compliance and quality assurance is likely to set a benchmark for others in the sector.