Fuel Levy, Power Cuts, and Soaring Costs Push …
Zimbabwe's mining sector is facing a severe crisis as a new fuel levy of US$0.005 per litre worsens existing challenges, including crippling power cuts and skyrocketing operational costs. Already burdened by an effective tax …
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Zimbabwe Mining in 2024
Zimbabwe launched a roadmap to transform its mining industry into a US$12 billion revenue generator by 2023. Although the sector didn't reach this target in 2023, groundwork in gold, lithium, PGMs, and diamonds has laid …
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Zimbabwe Mining in 2024
In 2024, the Zimbabwe mining sector solidified its position as the most crucial industry, accounting for approximately 12% of GDP and nearly 70% of export earnings, according to the Reserve Bank of Zimbabwe (RBZ). With …
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Zimbabwe's 7-month Gold Output: FY Target Face Reality Check
Several factors continue to hinder Zimbabwe's gold production. Increased electricity tariffs, now accounting for 20% of mining costs, are a major burden. Global …
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Zimbabwe expects sustained increase in gold output
Miners felt that rising operational costs, delays in payments from FGR and a Government decision to pay only 75 percent of deliveries in US dollars was adversely affecting output and deliveries. ... To achieve this, the Government is actively working to boost local gold production by rehabilitating closed mines, identifying new areas for ...
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Zimbabwe's gold output surges 33%
Zimbabwe's gold production surged by 33 percent in the third quarter of 2024, with output rising to 10.3 tonnes, compared to 7.7 tonnes in the previous quarter,...
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Gold Deliveries Hit 24 Tonnes: Still Shy of Revised Tonnage Target
The gold mining sector is grappling with a multitude of challenges that are hindering production efficiency. The most significant obstacles include high operating costs and the 25% surrender portion of gold production to the government, which continues to strain working capital and impede operational effectiveness.
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Gold soars to record highs | Business Times
Despite the sub-sector's impressive performance, rising production costs remain a significant challenge, particularly in the context of energy expenses. A recent survey …
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Zimbabwe's Miners Brace For Tougher Times With Rising Costs
According to the Chamber of Mines of Zimbabwe, miners are expecting slimmer margins due to an 8% rise in production costs and increased energy demands, which will jump to 800 …
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Small-Scale Miners Power Zimbabwe's Gold Boom
The gold production landscape in Zimbabwe for 2024 revealed a remarkable performance by small-scale miners, who for years have consistently outperfomed primary producers, ... The year 2024 underscored the vital role of small-scale miners in Zimbabwe's gold mining sector. ASMiners cemented their position as the leading contributors to national ...
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Factors affecting gold production in Zimbabwe (1980–2018)
Mining generates over 60 percent of Zimbabwe's export earnings, 13 percent of national revenue, and over 35,000 in formal employment. Gold contributes 30 percent of the formal mining industry employment figures (Chamber of mines of Zimbabwe (CoMZ), 2018).The sector houses over 500,000 artisanal and small-scale miners, which are the lifeblood of …
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Blanket Mine Costs Rise to $950–$1,050 per Ounce
Victoria Falls Stock Exchange-listed, gold-focused miner Caledonia Mining Corporation's Blanket Mine in Gwanda is grappling with rising costs. On-mine costs are now projected at $950–$1,050 per ounce of gold, …
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Index of Mineral Production
The output index for gold in 4 th quarter 2023 was 117.7 compared to 127.4 recorded in 3rd quarter 2023. This reflected a 7.6 quarter on quarter percentage decrease in gold production. The year-on-year comparison shows a decrease from 145.4 recorded in 4th quarter 2022to 117 .7 in the th 4quarter of 2023. (Figure 1.1). Of the 8,198 kgs of gold
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Zim mine sets production record
The Zimbabwe-based Blanket gold mine continues to perform in line with the expectations of operator Caledonia Mining Corporation, having set a new quarterly production record in the third quarter ...
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Who is Zimbabwe's Biggest Gold Producer? Freda, Blanket, or …
Blanket Mine remains a key driver of gold production in Zimbabwe, showing resilience despite challenging operational conditions. Dallaglio Investments In the first half of 2024, Dallaglio reported selling 1,351 kg of gold, a 25% increase compared to the 1,080 kg sold in the same period in 2023.
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Zimbabwe Mining Fiscal Revenue and Industry
Incorporating a Quantitative Case Study of the Gold Sector i The Probable Impact on Zimbabwe Mining Fiscal Revenue and Industry Competitiveness of Various Price, Production & Fiscal Scenarios: Zimbabwe Economic Policy Analysis and Research Unit (ZEPARU) 55 Mull Road, Belvedere, Harare. Zimbabwe Tel: +263 4 778 423 / 785 926/7 Fax: +263 4 778 415
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Gold production soars at Caledonia's Blanket Mine in Zimbabwe
Caledonia's Blanket Mine in Zimbabwe produced 76,656 ounces of gold in 2024, meeting its guidance of 74,000 to 78,000 ounces. The company's quarter four production was …
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Zimbabwe: A Gold Mining Boom Amid Rapid Agrarian Change
The history of gold mining and processing in Zimbabwe predates the colonial occupation by Cecil John Rhodes' British South Africa Company (BSAC) in 1890 (Kritzinger 2012a, b; Phimister 1974; Beach 1988).The BSAC was an entity put together by Rhodes in the late nineteenth century in order to expand his gold mining monopoly from the rich goldfields on …
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Cost of getting gold mining claims in Zimbabwe
Mining in Zimbabwe has become the cake that everyone wants a slice of. It is a very viable industry with handsome returns, though not easy to partake in. Mining is steep in Capital requirements but if done right has extremely handsome returns. In this article, we look at the costs of getting gold mining claims in Zimbabwe.
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Zimplats Spends US$339M on Key Projects Despite Rising Operational Costs
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.
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Govt to stimulate gold production
Minister Chitando said some of the measures to drive production up included the opening up of new and viable gold mines, reopening old ones with huge potential as well as hastily clearing the backlog of mining title issuance. Gold is a key foreign currency earner for Zimbabwe besides tobacco, accounting for over 70 percent of the nation's ...
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Key Mining projects and plant upgrades in Zimbabwe
The Central Shaft project commenced in 2015 with the objectives to increase production to 80,000 ounces of gold per annum, reduce operating costs and allow for further exploration to extend the life of mine beyond 2024. ... The total investment of the project is USD67 million and the project employs a total of 1,979 people in Zimbabwe ...
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Zimbabwe may surpass 2024 gold production target
Zimbabwe's gold mining sector has witnessed remarkable growth over the past decade, with production nearly doubling since 2015. The country is now on track to surpass its 35-tonne gold production ...
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Bilboes potentially can be Zimbabwe's biggest gold mine
MINING AFRICA REVIEW – A recently released Preliminary Economic Assessment (PEA) has confirmed that Caledonia Mining's Bilboes project has the capacity to produce 150 koz a year of gold, a production level which would not be unusual in some parts of Africa but is huge by Zimbabwean standards. ARTHUR TASSELL recently discussed the highlights of […]
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Will Rising Challenges and New Tax Burdens Affect the Projected …
The Zimbabwe mining sector is set to experience a remarkable 140% surge in capital investments in 2025, with projected spending expected to reach US$495.94 million, up …
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Mining Growth Projections Reduced to 5.2% Due to
The government of Zimbabwe has revised its mining growth projections for 2024, reducing the expected growth from the initial 7.6 percent projected at the beginning of the year to 5.2 percent as of June. This adjustment is attributed to lower-than-expected gold production output. By Rudairo Mapuranga
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Mining Zimbabwe Magazine
08 Freda targets 280kgs gold monthly 18 Production costs going up in ZWL, miners call for review 20 Why gold smuggling is rife in Zimbabwe 28 (EITI) and its Capacity to Effectively Curb Leakages in the Mining Sector in Zimbabwe 32 Impacts of Covid-19 on the gold Mining sector of Zimbabwe Freda Rebecca key in achieving 100 tonnes gold target 09
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2024 Gold Production: A Milestone Achieved, But Can Zimbabwe …
Harare- In 2024, Zimbabwe not only achieved but exceeded its gold production target, reaching an impressive 36.48 tonnes, surpassing the initial goal of 35 tonnes. This milestone marks a …
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Pambili Sets Sights on Becoming a Major Gold Producer in Zimbabwe
According to official data from Fidelity Gold Refinery (FGR), Zimbabwe's exclusive buyer of gold, the country's gold output increased by 33% in the third quarter of 2024, reaching 10.3 tonnes, compared to 7.7 tonnes in the previous quarter.
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Pambili Secures Deal to Acquire Gold Claims in Gwanda
Pambili Natural Resources Corporation has entered into a significant 12-month agreement with Long Strike Investments (Private) Limited to acquire 21 gold claims in Gwanda, Matabeleland South Province. The deal aligns with Pambili's strategy to expand its footprint in Zimbabwe's gold mining sector. By Ryan Chigoche
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