Determinants of foreign direct investment in the Zimbabwean Mining Sector

Abstract and Figures. Orientation: The mining industry being the main source of foreign currency for economy is the backbone of the Zimbabwean economy. The performance of the sector has been ...

Kenya's mining sector | mining moratorium | The Exchange

Kenya wants to grow the mining sector's contribution to its GDP to at least 10 per cent by 2030 from the current less than one per cent. The Kenyan government has revoked 1,546 licenses in the mining sector as it gradually resumes licensing, marking the end of nearly four years of a standing moratorium. Principal Secretary Elijah Mwangi, …

Zimbabwe mining sector to grow 10% this year

The Chamber of Mines of Zimbabwe (COMZ) has predicted that the country's mining sector will grow by 10% this year, as the country targets $3.7bn from mineral exploits over the same period. The Chamber …

Transforming Zimbabwe's mining sector: A path to …

The country's mining sector has recorded a cumulative total of US$20, 2 billion in export earnings in the past five years spurred by the improved investment …

(PDF) Strategies for Sustainable gold processing in the …

The artisanal and small-scale gold mining (ASGM) sector is considered one of the most important sources of income for both rural and urban communities in Zimbabwe, particularly with diminished ...

Mining sector growth and the maintaining of momentum in Kenya

Maintaining growth and momentum in Kenya's mining sector. 2013 marked the beginning of a new dawn for the mining sector in Kenya. A stand-alone Ministry focusing on mining was created. In addition reforms to grow the sector started immediately. In 2015, Vision 2030's Medium Term Plan anticipated the extractive …

Kenya's mining industry: set for a boom?

According to the Kenya Economic Survey 2015, between 2010 and 2014 the total quantity of mineral production in Kenya rose from 1.4 million tonnes to 1.7 million. The total value of mineral production rose by over KSh5bn ($50m) from KSh15bn in 2010 to KSh20bn in 2014. "Kenya will be one of the largest rare earth producers in the world.".

Zimbabwe bets on Lithium to boost mining …

The lithium industry is among the minerals expected to contribute to Zimbabwe's target to grow the mining sector to $12 billion by 2023. If Zimbabwe's lithium industry can meet Mnangagwa's revenue …

Government allocates $132.7 billion to the Ministry of Mines

The government through the 2024 budget has allocated Z$132.7 billion to the Ministry of Mines and Mining Development (MMMD) to implement the legislative and administrative reforms that provide a conducive environment for mining and beneficiation. Rudairo Mapuranga. Through the 2024 National Budget presentation the Minister of …

(PDF) The Effect of Inventory Control Systems on …

The study concluded that, inventory control systems have a positive effect on organisational performance in the mining sector of Zimbabwe. The study recommended mining companies in Zimbabwe …

(PDF) THE MINING INDUSTRY IN ZIMBABWE: CHALLENGES …

Zimbabwès mining sector continues to be touted as the anchor and backbone to country's economic growth and poverty reduction initiatives. This fact is acknowledged in the Government of Zimbabwe's five year development plan where mining and mineral beneficiation have been identified as an important development cluster.

The Impact of Foreign Direct Investment in the …

Foreign Direct Investment (FDI) in the extractive industry is inevitable especially in mining due to its complexity, high risk and capital intensive nature of the sector. The Multinational Corporations (MNCs) normally bring in capital and technology that is required to convert passive natural capital into inancial capital.

The future of Kenya's mining industry

The government hopes the new structures being put in place will help grow the industry and offer the economy more in terms of revenue and benefits to the communities in mining regions. In 2021,the country's total value of minerals produced increased by 33 per cent from Sh22.7billion in 2020, to Sh30.2 billion.

Mining Sector 1

Mining Sector Situational Report SITREP 5 by a fence or Durawall and the width of the Durawall is regulated. However, in the mining sector it is not regulated, some range from 1 – 3 meters and even more. So, when gold rushes occur within boundaries, this causes ownership disputes as miners tend to claim the rich and lucrative deposit area.

(PDF) The effect of mining foreign direct investment inflow …

The coefficient of 0.058 indicates that a 1% increase in mining FDI increases growth by 0.058% in the short run. The results are in line with the study by Gochero and Boopen (2020) who posited ...

Transforming Zimbabwe's mining sector: A path to prosperity

The country's mining sector has recorded a cumulative total of US$20, 2 billion in export earnings in the past five years spurred by the improved investment climate ushered in by the Second ...

Annual Report

The Chamber of Mines of Zimbabwe 2022 Annual Report 2022 Annual Report The Chamber of Mines of Zimbabwe was established for the purpose of promoting, encouraging, protecting and fostering the mining industry ... mining sector continued to be undermined by foreign currency shortfalls, fragile power supply, capital shortages, …

Corporate tax reduced, a relief for Zim miners

Business Times. The Zimbabwe government has reduced corporate tax for miners by one percentage point to 24% to enable resources companies achieve acceptable returns from their investments, reduce costs and ensure optimal exploitation of minerals, Finance Minister Mthuli Ncube said Monday. Speaking at a post-budget meeting in the …

Kenya s Mineral Landscape: A Review of the Mining …

This review paper highlights the mining status in Kenya and the role of hydrometallurgical and flotation processes in the recovery of deficit metals from ores and …

Mining Sector 1

Mining Sector Situational Report SITREP 5 by a fence or Durawall and the width of the Durawall is regulated. However, in the mining sector it is not regulated, some range …

Mining in Zimbabwe: time to use it or lose it

In November, mining minister Winston Chitando announced that the government will force companies to develop these assets as part of a 'use it or lose it' policy, its latest attempt to remove inefficiencies from and stimulate growth in the mining sector. The policy builds on similar initiatives deployed in the gold mining sector, and is …

Mining in Zimbabwe in 2020: Achievements, the good and …

Zimbabwe's mining sector is expected to be one of the key drivers for economic growth this year on the back of its export generation capacity. The industry accounts for between 12 and 15% of annual Gross Domestic Product (GDP) and the diverse mineral base has the potential to generate about US$18 billion annually, experts say.

Mining Sector: Analysis of the 2021 National (Zimbabwe) …

The recently announced 2021 National Budget statement under the theme "Building Resilience and Sustainable Economic Recovery", calls for enhanced revenue collection through taxes, including customs duty and the 2% intermediary money transfer tax (IMTT). This will be achieved through improved production and performance of key …

The effect of mining foreign direct investment inflow …

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  • (PDF) Strategies for sustainable gold processing in the …

    This paper examines gold processing in the ASGM sector in Zimbabwe and identifies processing gaps that negatively affect the sustainability of the small-scale mining sector in Zimbabwe. The focus was to identify improvement opportunities to make processing more efficient, less destructive to the environment and more meaningful to the operators.

    The Performance of the Zimbabwe Mining Sector in 2019

    of the global exploration budget fell from 0.2. percent to literally 0 percent. Globally, around 10 percent of all capital. expenditure in mining goes towards. exploration, in Zimbabwe, it is near ...

    A closer look at Zimbabwe's mining sector

    At its peak in 1986, the Zimbabwe mining sector contributed about 7% to GDP. It is also worth noting that mineral shipments for 2008 amounted to US$676m, which represented about 51% of total export shipments and 3.8% of GDP. Undoubtedly, there has been a significant change in the sector, having evolved through hyperinflation and periods of ...

    Corruption, transparency and regulation: how at risk is Kenya's mining

    A report from Transparency International Kenya set out to answer exactly that. The Corruption Risk Assessment in Mining Awards, 2017 focused specifically on the Kitui, Kwale and Taita Taveta counties in Kenya, with the goal of presenting a number of risks and vulnerabilities and more importantly, provide a number of recommendations to …

    EOI

    The objective of this is to undertake a detailed assessment of Zimbabwe Mining Sector Institutional set up and its oversight to determine how this institutional arrangement can be enhanced to ensure the mining sector realise its maximum contribution in the realisation of national socio-economic objectives. The assignment is …