Mining Sector banks billions of investments

Mines and Mining Development Minister Honourable Winston Chitando has revealed that Zimbabwe’s mining sector has become a cornerstone of the country’s economy under the Second Republic, attracting significant investments exceeding billions of dollars.

In an interview ahead of the Mining Entra 2025, scheduled to take place from 8 to 10 October, he said the sector’s growth is evidenced by the large number of strategic and high-value investment projects being established across the country.

“These investment projects cover the entire mining sector value chain from exploration and mining to beneficiation and value addition as well as the expansion of existing operations,” he said.

• Some of the key projects include:
• Dinson Iron and Steel Project
• Palm River Energy Metallurgical Plant under the Beitbridge Special Economic Zone
• Zimplats and Unki Expansion Projects
• Zhongjin Heli Energy (Pvt) Ltd, a USD 500 million integrated industrial park near Hwange’s Five Mile area
• Blanket Mine and Pickstone Peerless Mine Expansion Projects
• Re-opening of Eureka Gold Mine

In terms of beneficiation, he highlighted:

• Lithium beneficiation plants at Bikita Minerals, Prospect Lithium, and Kamativi Mine

Plans for the establishment of coke oven batteries by various companies.

The Mining Entra 2025 will be held in Bulawayo under the theme: “Beyond Extraction: Sustaining the Future of Mining with a Focus on Zimbabwe’s Mining Industry.”

Honourable Chitando said the government is implementing various legal reforms and ease-of-doing-business measures across all sectors, including mining, to ensure Zimbabwe maintains a competitive investment climate.

“Government is putting in place measures to attract global investors. These include legislative reforms to create a conducive and competitive investment environment. Currently, the Ministry of Mines and Mining Development is amending the Mines and Minerals Act [Chapter 21:05]. The Mines and Minerals Amendment Bill was gazetted in June 2025. Furthermore, the Ministry is crafting Minerals Development Policies to guide investments into the sector,” he said.

He added that the Ministry is also aggressively marketing Zimbabwe’s mining investment opportunities at various forums, in collaboration with agencies such as ZIDA.

The government provides several incentives for mining investors, including:

• Competitive corporate tax rates of 25% (15% for Special Mining Lease holders)
• Full deductions on all capital expenditure incurred exclusively for mining operations
• No restrictions on the amount of foreign currency brought into the country
• 100% repatriation of invested capital, dividends, and disinvestment proceeds
• VAT deferment on capital equipment imported for mine development
• Indefinite carry-over of tax losses for mining companies