That Zimbabwe has a significant and diverse mineral resource base is not in doubt. With estimates that Zimbabwe has the second largest reserves of chrome and platinum after South Africa and potential to supply about 25% of the global diamond market, mining can play a catalytic role in Zimbabwe's economic revival, stabilization and eventual growth.

Journal of Economic and Financial Sciences ISSN: (Online) 2312-2803, (Print) 1995-7076 Page 1 of 7 Original Research Determinants of foreign direct investment in the Zimbabwean mining sector Authors: Sanderson Abel1 Julius Mukarati1 Courage Mutonhori2 Pierre le Roux3 Orientation: The mining industry being the main source of …

Abstract. One of the key objectives of the Zimbabwean government's "Vision 2030" is growing the mining industry to have a revenue of 12-billion USD annually. This vision is at risk due to the numerous mining revenue leakages the country experiences. In this study, the influence of revenue leakages on Zimbabwe's endeavour to change the ...

The policy recommendation Chamber of Mines of Zimbabwe, 2015, State of the mining industry survey: Report on the findings, Chamber of Mines, Harare. that come out from this is that efforts should be made to boost Chamber of Mines of Zimbabwe, 2016, Mining industry: 2016 first quarter the level of economic growth in order to attract more foreign ...

Gold deliveries for the first ten months of 2021 totalled 22 tonnes, up from 16 tonnes in the same period last year, according to numbers released this week by Fidelity Printers and Refiners (FPR). Gold exports, Zimbabwe's most valuable resource, dropped from US$1.60 billion in 2019 to US$980 million in 2020. The RBZ blamed Covid-19 …

MASVINGO (Mining Index) – IN the previous edition of the article published on mining and the environment, a discussion of the Environmental Impact Assessment (EIA) was made briefly. This month's edition discusses the EIA in detail. As once alluded in the previous edition, mining is one of the prescribed projects or activities under the ...

The report looks at key highlights, mining business confidence, local content and corporate social investments in the mining industry, expectations of the artisanal and small-scale mining sector …

The mining industry in Zimbabwe presents significant opportunities for national growth and prosperity. Government's target to take the mining industry to …

Further work would include conducting in-depth interviews with key stakeholders in the Zimbabwean microfinance sector and gold mining sector to validate the framework. Discover the world's ...

Zimbabwe's mining sector is highly diversified, with close to 40 different minerals. The predominant minerals include platinum group metals (PGM), chrome, gold, coal, lithium, and diamonds. The country boasts the second-largest platinum deposit and high-grade chromium ores in … See more

Zimbabwe sees the mining sector as the main driver of the efforts to revive its economy crippled by triple-digit inflation and shortages of foreign currency. Mining operations accounted for over 60 percent of Zimbabwe's foreign currency receipts in 2019, contributing around 16 percent of the country's GDP, according to the Chamber of Mines.

This study has aimed to understand what topics of CSR in the mining industry are discussed in the Twitter sphere. CSR appears to be an evolving construct in business and society Gupta (2015) and its dimensions and trends change over time. In this sense, the examination of big amounts of data obtained from social media may help in …

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 ...

NEWS. Mining in Zimbabwe, 5 years later (mining industry recap) July 31, 2023. The mining sector in Zimbabwe has demonstrated steady growth since the …

Growth for the sector has leapt from 5.9% in 2021 to an estimated 10% in 2022. The productive capacity utilised on pre-existing infrastructure in the mining sector in 2022 remained relatively flat y/y at 81%, as per the Chamber of Mines. Local gold production increased 19% to 35.2tn in 2022, from the 29.6tn recorded in 2021 signaling a …

3 June 2022. The Herald (Harare) By Michael Tome- A STRONG 2022 first-quarter performance has put the mining sector firmly on course to attain the 8 percent annual …

The Zimbabwe Miners Federation (ZMF) is a government initiative to effect sustainable growth and meaningful transformation of the artisanal and small-scale mining industry. …

With the creation of employment opportunities, increased investments, and a targeted plan to become a US$12 billion export industry by 2023, Zimbabwe's mining sector is poised to contribute ...

According to Section 97 of the Environmental Management Act (EMA) mining companies are required to undertake an EIA and apply for an EIA Certificate to the Environmental Management Agency (EMA). The EIA is a legal requirement in Zimbabwe in terms of the EMAct (Chapter 20:27) as read with Statutory Instrument 7 of 2007.

Zimbabwe joins the wave of resource nationalism. Zimbabwe banned the exports of raw lithium ores in 2022, and then banned the exports of all raw mineral ores this year. Isabeau Van Halm explores the latest example of a wave of critical mineral resource nationalism. Miners in Zimbabwe will see more of their produce processed in the …

23 Zimbabwe Coalition on Debt and Development (ZIMCODD), Zimbabwe's Tax System: Opportunities and Threats for Enhancing Development in Zimbabwe (Harare, ZIMCODD, 2014), p. 23. Transfer mispricing is the practice by a local industry player of exporting its products to a related external player at artificially low prices, and the latter …

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 ...

The refurbished Zimbabwean mining industry was mainly built up by Chinese private and parastatal mining organisations and their collaborators. They invested successfully to gain their share of Zimbabwe's natural resources. ... In the understanding of Zimbabwean workers, hiring and firing are formal processes, which should follow …

Under the Second Republic, Zimbabwe has witnessed remarkable growth and transformation in its mining sector. This positive trajectory is marked by the creation …

Furthermore, mining companies primarily use CSR initiatives aligned with the SDGs, investing significant resources to create value, preserve, and occasionally change the favors of stakeholders due to financial market pressures and reputation concerns (Mzembe and Meaton, 2014).On the other hand, CSR activities can act as a means to …

A new report by the German Institute of Global and Area Studies (GIGA) attempts to determine the social impacts of Chinese mining operations in Africa. The study, which found both positives and negatives, once again highlights the need for African nation states to benefit more from their own natural resources. Heidi Vella, speaking to the …

Section 3 (1) of the Indigenisation and Empowerment Act [Chapter 14:33] is amended—. (a) by the insertion after "extraction of" of "such mineral as may be prescribed by the Minister in consultation with the Minister responsible for Mines and the Minister responsible for Finance"; (b) by the repeal of paragraphs (a) and (b).".

Zimbabwe's hopes for a quick economic recovery and sustainable foreign exchange stability rest on the shoulders of its multibillion-dollar mining industry. By Francis Shingi Nhunzvi and Victor Bhoroma Beyond the productivity bottlenecks of the past 2 years, mining commodities earned the country US$2.91 billion in 2019 (9% down from the 2018 …

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 ...

The Zimbabwean Government recognises that the mining industry is crucial to the growth and re-construction of the Zimbabwean economy. Despite many challenges, the mining sector is expected to be …