The Chamber of Mines Zimbabwe (COMZ) has highlighted challenges facing the mining industry, citing a notable decline in growth.
According to COMZ President Thomas Gono, the industry’s growth rate decreased from 10.5% in 2022 to 4.8% in 2023, with several key mineral sub-sectors reporting subdued output performance.
Furthermore, mineral exports experienced a decline from 5.6 billion United States dollars in 2022 to 5.2 billion US dollars in 2023.
Gono emphasized that these figures reflect a challenging period for the industry, exacerbated by adverse weather conditions, notably a persistent drought threatening to disrupt the country’s previously robust economic trajectory.
Despite these hurdles, Chamber of Mines Zimbabwe reaffirms its commitment to fostering resilience within the mining sector to bolster the nation’s economy.
