Home Blog Page 183

Fidelity to Host ASM Gold Awards in December 2025

0

Fidelity Gold Refinery (FGR) is set to host its inaugural artisanal and small-scale mining (ASM) gold awards in December 2025, a move aimed at recognizing and rewarding the significant contributions of small-scale miners to Zimbabwe’s gold production, Mining Zimbabwe can report.

By Rudairo Mapuranga

This announcement was made by FGR General Manager, Peter Magaramombe, during the Zimbabwe Miners Federation (ZMF) strategic meeting held last month.

In his speech, Magaramombe acknowledged the impressive performance of the ASM sector in 2024, attributing 65% of the country’s total gold deliveries to small-scale miners. He highlighted that out of the 36.5 tonnes of gold delivered to FGR in 2024, small-scale miners played a crucial role in reaching this record-breaking achievement, which surpassed the previous year’s figure of 30 tonnes.

“We are proud to say that the artisanal and small-scale mining sector delivered 65% of the gold in 2024. This demonstrates the commitment and loyalty of our miners to the nation, and we feel it is only fitting that we recognize their efforts through these awards,” said Magaramombe.

The awards, set to take place in December, will focus on recognizing miners who have consistently delivered gold to FGR while adhering to responsible mining practices. Magaramombe emphasized that the awards are part of FGR’s broader strategy to encourage increased gold production and formalization of the ASM sector.

“Our goal is not only to recognize their hard work but also to incentivize miners to continue improving production. We will reward those who perform exceptionally well with tools such as compressors, generators, hammer mills, and other critical equipment that can help enhance their operations,” Magaramombe added.

The upcoming awards are expected to encourage miners to formalize their operations and continue selling their gold through official channels like FGR, ensuring transparency and boosting the nation’s foreign currency earnings. Magaramombe also announced plans to establish one-stop custom elution service centers in key mining areas such as Mberengwa, Gokwe, and Kadoma, which will further support ASM miners in the country.

With the ASM sector contributing significantly to Zimbabwe’s mining industry, these awards represent an important step toward fostering a more organized, productive, and sustainable sector. As December approaches, FGR and ZMF will continue to work together to ensure the awards recognize the hard work and dedication of Zimbabwe’s small-scale miners.

 

Gold buying prices per gram in Zimbabwe, 4 February 2025

These are the official gold buying prices per gram in Zimbabwe today 4 February 2025, from the official gold buyer and exporter Fidelity Gold Refinery (FGR).

SG 90% and ABOVE US$85.86/g
SG ABOVE 85% BUT BELOW 90% US$84.95g
SG ABOVE 80% BUT BELOW 85% US$84.04/g
SG ABOVE 75% BUT BELOW 80% US$83.13/g
SAMPLE BELOW 10g BUT ABOVE 5g US$81.77/g

Fire Assay CASH $86.31/g

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

Cash available. Fidelity Gold Refinery prices will be changing daily to match the world market.

ZELA, DIHR Launch Initiative to Promote Responsible Mining Practices in Transition Minerals

0

The Zimbabwe Environmental Law Association (ZELA), led by the Danish Institute for Human Rights (DIHR), has launched an initiative that seeks to promote Responsible Business Conduct (RBC) in the mining of transition minerals across Africa, Mining Zimbabwe can report.

By Rudairo Mapuranga

This project, titled “Supporting a Just Energy Transition Through Responsible Business Conduct in Africa (2024-2027),” is backed by the Swedish International Development Cooperation Agency (SIDA) and aims to address the social and environmental challenges associated with the extraction of critical minerals needed for the global energy transition.

The project brings together key stakeholders, including African Resources Watch (AFREWATCH) from the Democratic Republic of Congo, the Centre for Environment Justice (CEJ) in Zambia, and HakiRasilimali from Tanzania. Its overarching goal is to support the promotion and protection of human rights in the context of the fast-growing demand for minerals such as lithium, cobalt, and nickel, which are essential for technologies like electric vehicles and renewable energy systems.

The extraction of these minerals presents a significant economic opportunity for resource-rich countries like Zimbabwe. However, it also raises concerns about the long-term environmental and social impacts on local communities. The initiative will work closely with the Zimbabwean government, mining companies, and civil society groups to ensure that these resources are mined responsibly, with respect for human rights and sustainable development.

ZELA, as part of the consortium, emphasized that the transition to green energy must be inclusive and just.

“While the global demand for transition minerals is growing, we must ensure that mining operations do not come at the expense of local communities or the environment. This project will help us develop strategies to address the risks and impacts of mining while promoting responsible business conduct in the sector,” Obert Bore from ZELA said at the launch.

The project will focus on three main objectives:

  1. Ensuring that state and business actors take steps to address the social and environmental impacts of mining.
  2. Promoting dialogue among national and regional stakeholders to encourage responsible mining practices.
  3. Encouraging investors and buyers in the global mineral supply chain to adopt RBC principles.

Hon. Matangira, Chairman of the Parliamentary Portfolio Committee on Mines and Mining Development, also highlighted the importance of value addition in the mining sector.

“We must focus on how to add value to our minerals so that we can maximize their benefits,” Matangira said. “This includes ensuring that local communities benefit from infrastructure improvements and that mining operations are conducted in a way that conserves resources like water for both human consumption and agricultural use.”

The launch of this project comes as Zimbabwe positions itself as a key player in the supply of critical transition minerals. With substantial reserves of lithium, platinum, and other minerals essential to clean energy technologies, Zimbabwe is attracting increased interest from international investors. However, the country faces challenges related to the social and environmental impacts of mining, which the project seeks to address.

A representative from the Buhera community, one of the areas affected by mining activities, stressed the importance of community involvement. “We bring indigenous knowledge and must be consulted on matters that impact our livelihoods,” the representative said. “Mining companies need to engage with local communities, support local businesses, and ensure that we benefit from social cooperation programs like scholarships and infrastructure development.”

The project will also work to ensure greater transparency in the mining sector. Communities are calling for clearer communication regarding how much mining companies extract and how they are contributing to local development through corporate social responsibility initiatives. This aligns with the project’s long-term vision of a just energy transition in which human rights are respected and local communities are not left behind.

By focusing on responsible mining practices, the project aims to contribute to a more sustainable and equitable energy transition while ensuring that Zimbabwe’s rich mineral resources benefit both the country and the global clean energy movement.

ZMF & Discovery Unite to Tackle STIs in Mining communities

0

The recent partnership between the Zimbabwe Mining Federation’s FS Mining wing and Discovery Ambulance Services is set to help address the high prevalence of STIs among small-scale miners, the ZMF says.

By Ryan Chigoche

STIs, including gonorrhoea, chlamydia, syphilis, and trichomoniasis, are widespread in Zimbabwe’s mining sector due to factors such as frequent migration, limited healthcare access, high-risk sexual behaviour, and the presence of sex work in mining communities.

Although Zimbabwe has made significant progress in reducing STI and HIV cases over the past decade, recent reports indicate a resurgence of infections in some informal mining areas.

Given that mining communities, both formal and informal, have long been regarded as hotspots for STI transmission due to their transient nature and inadequate healthcare infrastructure, the need for intervention has become more pressing.

Recognizing this challenge, ZMF president Henrietta Rushwaya highlighted the importance of the partnership at its official launch, emphasizing its significance given the recent move by the United States to withdraw from the World Health Organization (WHO).

“With the US withdrawing from WHO, one of its biggest funders, African countries now need to come up with a Plan B. This partnership between Discovery Ambulance Services and the Zimbabwe Miners Federation, through its special purpose vehicle, FS Mining, will play a crucial role in bridging the funding gap that is now being created by the lack of support from international donors. The coming in of Discovery Services to our midst, especially in the small-scale mining sector, will go a long way in minimizing the spread of STIs, especially amongst our SSM who live far away from medical facilities.”

To complement emergency response efforts, the initiative will introduce medical outreach programs in mining areas, offering STI testing and treatment, as well as care for other prevalent diseases such as tuberculosis and malaria. This is particularly important as many artisanal miners and host communities in remote areas face significant barriers to healthcare.

Often, these miners delay seeking treatment, fail to follow through on medical referrals, and resort to traditional remedies due to affordability and accessibility challenges. Additionally, the highly mobile nature of small-scale miners makes public health interventions difficult to implement, exacerbating the spread of STIs and other diseases.

A major factor contributing to these challenges is the distance to healthcare facilities. Miners often travel between six and 30 kilometres to access medical care, which discourages timely treatment. By bringing healthcare services closer to mining communities, the partnership aims to bridge this gap and improve overall health outcomes in the sector.

Ultimately, the collaboration between ZMF and Discovery Ambulance Services represents a proactive step in addressing healthcare challenges in Zimbabwe’s mining sector.

By prioritizing accessibility and education, the initiative seeks to not only curb the spread of STIs but also promote long-term health and well-being for small-scale miners and their communities.

Zimplats Spends US$339M on Key Projects Despite Rising Operational Costs

0

Leading platinum group miner Zimplats Holdings Limited cumulatively spent US$339 million during the quarter ending December 31, 2024, as it advanced major projects such as the Mupani Mine, smelter expansion, SO2 abatement plant, and solar plant initiatives, Mining Zimbabwe can report.

By Ryan Chigoche

The company continued to scale its operations despite rising operational costs and specific production challenges, including a decline in production volumes, which impacted performance during the quarter.

During this quarter, the PGM miner allocated a total of US$339 million towards its ongoing projects.

This represents a decrease from the US$413 million spent in the previous quarter, primarily because no capital expenditure was directed towards the Bimha Mine in the December period.

Despite this reduction, significant investments in key projects are positioning the company for future growth.

The Mupani Mine, which will replace the depleted Rukodzi and Ngwarati mines, is progressing as planned, with full production of 3.6 million tonnes per annum scheduled for the first half of the fiscal year 2029. By December 31, 2024, US$339 million had been spent on the mine, which is part of a total project budget of US$386 million.

The smelter expansion and SO2 abatement plant projects are also moving forward, with US$443 million spent to date, against a project budget of US$544 million.

The first phase, which includes the expanded smelter and off-gas handling facilities, was technically completed by the end of December, with converter commissioning ongoing.

The solar plant, which was commissioned in August 2024, has already reached its design generation capacity. This project saw a cumulative spend of US$37 million in the quarter.

Additionally, the company reported that the Base Metal Refinery refurbishment project is progressing well, with US$32 million spent so far, against a total budget of US$190 million.

However, the progress of these major projects came amid rising operational costs. Operating cash costs increased by 3% year-on-year and quarter-on-quarter, largely due to higher power costs following the commissioning of the expanded smelter. Additionally, timing differences related to the replacement of major engineering components further contributed to the increase.

Mined volumes were hampered by poor trackless mobile machinery (TMM) availability and intermittent power supply interruptions. Total volumes were down by 7% year-on-year and 8% lower than the previous quarter.

On a positive note, production from the Ngwarati Mine, which ceased primary operations in June 2024, was successfully replaced by a combination of higher output from pillar reclamation at the Rukodzi Mine and production volumes from Mupani Mine.

During the quarter, US$18.5 million was transferred to closing stocks, largely driven by the accumulation of concentrate and furnace stocks ahead of commissioning. This was coupled with efforts to optimize the increased smelting and converting capacity at the metallurgical complex.

As a result of these adjustments, the cash cost of metal produced decreased by 10% year-on-year and 4% quarter-on-quarter. However, the operating cash cost per 6E ounce rose to US$935, marking a 13% increase year-on-year and 11% quarter-on-quarter, primarily driven by the impact of lower production volumes during the quarter.

Exploration activities were limited this quarter, as metal prices remained depressed. As a result, the company’s focus shifted towards interpreting previously drilled cores and updating the Group’s geological and mineral resource models.

Despite these operational challenges, Zimplats remains on track with its key projects.

The Mupani Mine, smelter expansion, and solar plant are progressing as planned, ensuring the company is positioned for future growth, even as it navigates the impact of rising operational costs and production constraints during the quarter.

African Mining Leaders Chart the Industry’s Future at Ministerial Symposium

0

More than 20 African Ministers and Deputy Ministers responsible for mining and natural resources, along with key global representatives, met privately with CEOs of leading mining companies. Their discussions centred on critical issues impacting the continent’s mining sector and how to ensure Africa’s mineral wealth fuels its development.

Held as part of the Investing in Africa Mining Indaba 2025, the high-level Ministerial Symposium focused on addressing pressing challenges and unlocking new opportunities within the mining sector. Key topics included critical minerals and their relevance to Africa’s needs, as well as downstream beneficiation.

This sentiment was echoed by Mr Denys Denya, Senior Executive Vice President, Afreximbank Group: “Africa is standing at a crossroads… We can either continue exporting our wealth… or we can take bold steps to own our resources, create jobs, and build industries that sustain prosperity for generations. The choice is ours. The time to act is now.”

Held under the theme “Building a Unified African Mining Value Chain: Enhancing Best Practice”, the Ministerial Symposium reaffirmed its role as a platform for change. Discussions explored key issues such as permit issuance, resource stewardship, and downstream value addition, with a critical emphasis on establishing clear timelines for addressing these challenges.

Mr Frans Baleni, Chairperson of the Hyve Events SA Advisory Board, opened the symposium, highlighting its importance in shaping the future of the African mining industry. Highlighting the disparity between Africa’s mineral wealth and its economic reality. Minister Gwede Mantashe, Minister of Mineral Resources and Energy, referred to the Symposium’s focus on best practices across the mining value chain, he stated, “This talks about a continent that is rich in mineral deposits but poor. We call upon all ministers to begin to temper with that”.

“The Ministerial Symposium provides a vital space for policymakers and industry leaders to commit to solutions. Collectively, they set realistic targets and track progress in resolving some of the industry’s most pressing issues,” said Ms Zeinab El-Sayed, Head of Government Partners at Mining Indaba.

Key Outcomes and Commitments

The Ministerial Roundtable sessions introduced expanded UN-style breakout discussions, accommodating larger groups to encourage inclusive and solution-driven conversations.

Key objectives outlined included:

  • Enhancing the efficiency of mining permit approvals to streamline investment and project development.
  • Strengthening resource stewardship to ensure sustainable mining practices and equitable benefit distribution.
  • Promoting domestic mineral processing and downstream value addition to maximise economic resilience and benefits for local communities.

“The insights and recommendations from this high-level dialogue will inform actionable policies and partnerships to drive progress across the sector,” Ms El-Sayed concluded.

The Investing in African Mining Indaba 2025 officially opens on Monday. It promises to be a platform where African voices take centre stage, driving the global conversation on responsible resource development.

Gold buying prices per gram in Zimbabwe, 3 February 2025

These are the official gold buying prices per gram in Zimbabwe today 3 February 2025, from the official gold buyer and exporter Fidelity Gold Refinery (FGR).

SG 90% and ABOVE US$85.43/g
SG ABOVE 85% BUT BELOW 90% US$84.53g
SG ABOVE 80% BUT BELOW 85% US$83.62/g
SG ABOVE 75% BUT BELOW 80% US$82.72/g
SAMPLE BELOW 10g BUT ABOVE 5g US$81.36/g

Fire Assay CASH $85.88/g

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

Cash available. Fidelity Gold Refinery prices will be changing daily to match the world market.

Mining Zimbabwe distributing edition 77 at Mining Indaba 2025

0

Cape Town, South AfricaMining Zimbabwe, the leading publication covering Zimbabwe’s mining sector, is proud to announce the distribution of its highly anticipated Edition 77 at the Investing in African Mining Indaba 2025, the continent’s premier mining conference.

As global industry leaders, investors, policymakers, and stakeholders gather in Cape Town from February 3 to 6, 2025, Mining Zimbabwe will ensure that Zimbabwe’s mining developments, opportunities, and challenges take centre stage through its latest publication.

A Special Edition for a Global Audience

Edition 77 of Mining Zimbabwe highlights key industry trends, policy updates, investment opportunities, and expert insights that shape the country’s mining landscape. With Zimbabwe being home to vast deposits of lithium, gold, platinum, and other critical minerals, this edition provides essential information for stakeholders looking to tap into the nation’s vast resource potential.

The Cover of the edition features Intrachem an explosives & accessories manufacturer and leading distributor in Zimbabwe.

The main stories include an exclusive interview with the Minister of Mines and Mining Development Hon Winston Chitando. The interview is centred around the investment climate in Zimbabwe. Another interview features the Minerals Marketing Corporations’ General Manager Dr Nomusa Jane Moyo.

Commenting on the Mining Zimbabwe’s initiative, Managing Director Mr Keith Sungiso said

“The Mining Indaba is an excellent platform to showcase Zimbabwe’s mining sector to the world. Edition 77 features exclusive interviews, project updates, and in-depth analyses that offer valuable insights into the country’s evolving mining environment.”

As Zimbabwe continues to position itself as a key player in the global mining value chain, Mining Zimbabwe’s presence at the Mining Indaba 2025 reinforces the country’s commitment to transparency, responsible mining, and investment-friendly policies.

Part of this edition mainly comprises:

  • Lithium Boom: The latest projects and developments in Zimbabwe’s lithium sector.
  • Gold and Platinum Industry Updates: Progress in mining and beneficiation initiatives.
  • Policy and Regulatory Changes: Updates on government initiatives to support mining growth.
  • Sustainability and ESG (Environmental, Social, and Governance): How Zimbabwe is adapting to global mining standards.
  • Technology and Innovation: The role of automation, AI, and digital solutions in Zimbabwean mining.

Participating companies

Intrachem (Cover), Hwange Colliery (Page 2), Zuva (page 3), Crest Chemicals, Mine Entra (ZITF), Lauryn Elec, Ministry of Mines and Mining Development, Performance Laboratories, Tandamanzi drilling, MMCZ, Fidelity Gold Refinery (FGR) Back cover, Victoria Falls oasis, FirstLink Insurance, Headouph Engineering, AMMZ, First Grade Incorporation, Boltgas, Embassy of Sweden, Cell Insurance, Ecobank, the Gem, Dandemutande, ZIMPLOW, VTU Platinum, MSC, ZIDA, Scout Aerial Africa, CBZ Bank, RAGNAROCK DRILLING and Fams Freight forwarding.

Getting a copy

Attendees at the Mining Indaba 2025 can get their copies of Edition 77 at strategic distribution points within the conference venue. The Mining Zimbabwe team will also be available for networking, business discussions, and media engagements, further cementing the publication’s role as a vital voice in Africa’s mining dialogue.

About Mining Zimbabwe

Listed as a Silver Media Partner, Mining Zimbabwe is Zimbabwe’s leading mining publication, dedicated to providing in-depth coverage of the mining sector. It is globally recognised as one of the biggest Mining publications which has a huge following from Industry leaders and professionals ranging from Engineers, Geologists and various mining disciplines. With a focus on news, investment opportunities, policy and industry trends, the magazine serves as a key resource for miners, investors, and policymakers.

For more information on Edition 77 and its distribution at Mining Indaba 2025, visit www.miningzimbabwe.com or contact the editorial team at +263 772 701 730.

African Countries to Adopt Best Practices to Combat Illicit Flows in the Mining Sector

0

In efforts to combat illicit financial flows in the continent’s extractive sector, African countries are being advised to adopt global best standards, Mining Zimbabwe can report.

By Ryan Chigoche

This development comes as African countries face an even greater challenge of ‘fairness,’ as mineral-rich nations are not collecting the type of tax revenues from their resources that their production value would suggest.

According to United Nations Conference on Trade and Development (UNCTAD) data, Africa’s mining sector is estimated to lose around $40 billion annually through illicit financial flows, with the majority of these losses concentrated in the gold trade (77%), followed by diamonds (12%) and platinum (6%), representing a significant portion of the continent’s total illicit financial outflows.

The Global Financial Integrity also reported that Africa bears the most disproportionate burden of unrecorded cross-border financial outflows as a percentage of gross domestic product (GDP), representing approximately 8.6% of the continent’s GDP.

This shows that over the years, cross-border illicit financial leakages have been draining away much-needed resources that would otherwise be available to finance development priorities across the continent.

Speaking to Mining Zimbabwe, Mineral Economist and Deputy Chairman at the Institute of Mining Research, Lyman Mlambo, acknowledged the prevalence of illicit financial flows in the continent’s extractive sector and called on Africa to adopt global best standards to combat the issue.

“Illicit flows in the sector are common throughout Africa due to a lack of effective transparency and accountability mechanisms. As a continent and as individual countries, Africa suffers from transfer mispricing, thin capitalization, and re-invoicing, which are all profit-shifting measures practiced by big multinational mining corporations whose headquarters are in other continents,” he said.

“To combat illicit flows in the mining sector in Africa, all African countries need to adopt international best practices in transparency and accountability, such as the Extractive Industries Transparency Initiative (EITI) and other standards consistent with responsible mining, sourcing, and traceability. This will definitely dismantle illicit networks across Africa and related networks outside the continent. Achieving this requires collaboration among African countries,” Mlambo added.

The Extractive Industries Transparency Initiative (EITI) is a global standard that promotes transparency and accountability in the management of oil, gas, and mineral resources. It requires companies to disclose information about payments to governments and revenues to the public, thereby promoting a better understanding of natural resource management.

Common methods of illicit financial flows in the mining sector include trade misinvoicing, transfer pricing, and underreporting of mineral quantities. Trade misinvoicing involves misstating the value of exports or imports to evade taxes, while transfer pricing allows companies to manipulate prices within their subsidiaries to shift profits across borders and avoid paying proper taxes. Underreporting mineral quantities, on the other hand, enables firms to conceal actual production levels, further depriving governments of critical revenues. Together, these deceptive practices undermine economic stability and hinder national development by diverting vital funds away from public coffers.

Illicit financial flows are hidden by nature, making it difficult for tax authorities to track them. Illegal exploitations also create opportunities for under-declaration of production, leading to under-taxation in the mining sector. With a large section of the sector operating informally (ASM), it is important to formalize artisanal and small-scale mining so that African countries can fully account for their mineral wealth.

Other experts who spoke to this publication emphasized that good governance is key to mobilizing adequate domestic resources and plugging loopholes that facilitate illicit financial outflows. Good governance entails the ability to formulate and implement effective strategies, policies, laws, and regulations to optimize revenue collection from the mineral sector.

Africa is home to over 30% of the world’s mineral reserves. The Democratic Republic of Congo (DRC) alone accounts for over 70% of global cobalt production, while countries like Zimbabwe, Mozambique, and South Africa hold significant shares of the world’s lithium, graphite, and platinum reserves.

However, despite this abundance, the continent is missing out on its potential economic benefits due to illicit financial flows.

Zimbabwe Must Balance Natural Resources in Green Energy Transition

0

As Zimbabwe and the rest of the world accelerate efforts toward a cleaner, greener future, there is a growing call for the country to balance its vast natural resources with the global demand for a sustainable energy transition. At the core of this debate is the need to ensure that economic development, environmental protection, and societal welfare go hand in hand.

By Rudairo Mapuranga

The notion of a “just transition” has become a key point of discussion, particularly in nations like Zimbabwe, where reliance on fossil fuels remains deeply rooted in the economy, yet the country is emerging as a critical player in the green mineral value chain.

Speaking at the inception meeting for the “Supporting a Just Transition Through Responsible Business Conduct (RBC)” project, held by the Zimbabwe Environmental Law Association (ZELA), Hon. Sam Matema, Chairperson of the Parliamentary Portfolio Committee on Environment and Climate, underscored the complexity of balancing traditional energy resources with the aspirations of a green economy.

He highlighted the opportunities that Zimbabwe holds, particularly its abundant coal reserves and rich deposits of lithium, which is essential for the production of batteries in electric vehicles. However, Matema also stressed the contradictions that arise from such opportunities.

“We are sitting on 26 million tonnes of coal, which presents a massive opportunity for economic development. But at the same time, we face the global demand to transition to clean energy. For too long, we have relied on carbon fuels and have not been responsible stewards of our environment. Now, as we look ahead, we must consider how to balance the resources we have with the need to transition to green energy in a way that leaves no one behind,” Hon. Matema said.

Indeed, this balance is at the heart of the concept of a “just transition,” which is meant to ensure that as nations shift toward sustainable energy, the social and economic impacts on communities, particularly those dependent on traditional energy industries, are mitigated. For Zimbabwe, the challenge lies not only in moving away from coal and other fossil fuels but also in ensuring that new economic opportunities, such as lithium mining, are managed in a way that benefits the country and its citizens.

Zimbabwe’s green energy transition is intricately linked to the responsible extraction and beneficiation of minerals like lithium. The country ranks among the top lithium producers globally, and Hon. Matema stressed the importance of local beneficiation.

“We cannot afford to simply export our minerals without processing them here. The beneficiation should take place in Zimbabwe, ensuring that we maximize the benefits for our people,” he said.

However, questions remain about how Zimbabwe will navigate its reliance on coal while transitioning to greener energy sources. Matema pointed to the importance of clean energy solutions for the mining sector, which remains one of the largest consumers of energy in the country. The government has previously indicated that solar and hydro projects are part of the long-term strategy, but progress has been slow.

“We need energy in the mining sector, and the energy we need in this transition must be clean. Yet for too long, we have neglected responsible environmental practices in our mining operations,” Matema said.

While the government is keen to promote responsible business practices in the extractive industries, Matema acknowledged that there are significant contradictions in the country’s energy policy. The recent decommissioning of the Kariba Hydro Plant was caused by climate change, but coal continues to provide much-needed electricity. The solution, according to Matema, lies in deploying technology and innovation to mitigate the negative impacts of coal usage.

“We need to deploy artificial intelligence and other technologies that can help capture harmful emissions while allowing us to benefit from the resources we have,” he said.

Zimbabwe is not alone in facing this dilemma. Across the globe, nations that have historically relied on fossil fuels are grappling with how to transition to clean energy while maintaining economic stability. However, Matema was clear that Zimbabwe must forge its own path—one that prioritizes local solutions over-reliance on external prescriptions from the Global North.

“We cannot continue to rely on the Global North for answers. As we transition, we must domesticate our solutions and ensure that they align with our realities,” Hon. Matema said.

As Zimbabwe moves forward with projects like the RBC initiative, there is a need for greater collaboration between the government, civil society, and the private sector to ensure that the energy transition is not only green but also just. The stakes are high: failure to balance economic development with environmental protection could leave the country trapped in a cycle of resource exploitation without reaping the full benefits of its natural wealth.

Hon. Matema emphasized the importance of developing a bold, forward-thinking strategy to ensure Zimbabwe is not left behind.

“Let’s be clear on our exit strategy for coal, and let’s ensure that as we move toward a green economy, no one and no place is left behind,” he said.