The Zimbabwean government has allocated ZW$664.8 million to the mining sector for the 2025 fiscal year, with the sector expected to grow by 5.6% as the country continues to benefit from increased production in precious metals, especially platinum group metals (PGMs), gold, and chrome. The allocation aims to support the sector’s modernization, enhance mining capacity, and promote environmentally sustainable practices.
Speaking during the 2025 National Budget presentation, Finance Minister Professor Mthuli Ncube highlighted that Zimbabwe’s mining sector remains a cornerstone of its economy, with significant contributions to foreign currency inflows. Key initiatives funded by this allocation will include boosting exploration activities, enhancing beneficiation processes, and improving mining infrastructure.
“The continued growth of the mining sector is vital for the country’s economic recovery. With the global demand for gold and PGMs expected to remain high, the government is committed to supporting this growth,” Minister Ncube said. He also underscored efforts to ensure mining operations are more eco-friendly, aiming to mitigate the environmental impacts often associated with mining activities.
Zimbabwe’s mining sector has faced challenges in recent years, including fluctuating commodity prices and infrastructural constraints. However, the allocation and strategic focus are expected to drive growth, particularly in gold production, which has been one of the country’s most consistent foreign currency earners. The sector’s growth is projected to contribute significantly to the national economy, supporting broader objectives of job creation and sustainable development.
