The Government of Zimbabwe has pledged firm support for Mimosa Mining Company’s long-term sustainability plan, including efforts to extend the mine’s life by up to 25 years, boost beneficiation, and invest in renewable energy.
Speaking during a high-level tour of the Zvishavane-based platinum group metals (PGM) operation, Mines and Mining Development Minister Winston Chitando commended Mimosa’s forward-looking investment strategy, describing it as key to achieving Zimbabwe’s US$12 billion mining industry target.
“We are here as Government to chart a sustainable path forward. The commissioning of critical infrastructure such as the optimization plant and tailings storage facility demonstrates Mimosa’s commitment to long-term value creation and national economic growth,” said Chitando.
He was joined by Finance Minister Professor Mthuli Ncube, who underscored Government’s readiness to help the mine unlock new resources near its current ore body—an initiative that could add 12 to 15 years to its production lifespan.
“We recognize the strategic importance of this mine. Through supportive policy and institutional frameworks, we are committed to securing its future and preserving over 3,000 jobs,” said Ncube.
Mimosa Managing Director Fungai Makoni welcomed the Government’s backing, noting that it comes amid sustained global pressure on PGM prices, which have slashed the mine’s revenue by as much as 40% in three years.
“This intervention is timely. It strengthens our hand as we work to improve production efficiency and ensure operational sustainability in a volatile market,” said Makoni.
Despite pricing challenges, Mimosa has pressed ahead with key upgrades, including a US$38 million plant enhancement and a US$78 million tailings storage facility to support higher throughput and better environmental management.
Looking ahead, the company plans to build a 38MW solar PV plant to help meet its energy needs and support Zimbabwe’s clean energy goals under the National Renewable Energy Policy.
Mimosa’s integrated strategy—extending the life of mine, modernizing infrastructure, and transitioning to green energy—has been hailed by officials as a model for sustainable mining in the country.
