Huge Investment Appetite for the Zimbabwe’s Mining Sector  

The Hon. Minister of Mines and Mining Development, Hon W. Chitando, has said that the appetite for investment in Zimbabwe’s mining sector has significantly grown since the coming in of the Second Republic as evidenced by a large number of strategic and big investment projects that are being established in the country.

By Francis S. Bingandadi Editor FinTech review.Africa

Speaking at 2025 edition of Mine Entra, Hon. Minister Chitando, said that, “these investment projects cover the mining sector value chain from exploration, mining, beneficiation and value addition, as well as expansion of existing projects. These projects include the following:

1.      

Dinson Iron and Steel Project.

2.      Palm River Energy Metallurgical Plant under the Beitbridge Special Economic Zone.

3.      Zimplats and Unki Expansion projects.

4.      Zhongjin Heli Energy (Pvt) Ltd, a US$500 million integrated industrial park near Hwange’s Five Mile area.

5.      Blanket Mine and Pickstone Peerless Mine expansion projects.

6.      Re-opening of Eureka Gold Mine.

7.      Establishment of lithium beneficiation plants at Bikita Minerals, Prospect Lithium and Kamativi Mine.

8.      Establishment of coke oven batteries by various companies.”

The Mines and Mineral Development Minister, said that, “the Government of Zimbabwe is instituting various legal reforms and ease of doing business across all sectors, including mining, to ensure the country has a competitive investment climate. In that regard, investor appetite in the mining sector continues to rise.”                                                                                       

Speaking on the strategic investment mineral and mining opportunities that exist in the sector in Zimbabwe and what measures that his government has put in place to attract global investors, Hon. Chitando, said that, “Zimbabwe’s mining sector offers a wide range of investment opportunities for global investors due to its abundant mineral resources, evolving regulatory framework and increasing Government efforts to attract foreign capital. Investment Opportunities exist across the entire mining sector value chain. Some of the key strategic investment opportunities include

1.     

Mineral exploration and development: - There are opportunities for both brownfield and greenfield exploration. The country is still under-explored and there is huge potential for new discoveries, particularly using the modern exploration techniques. Investors may venture into exploration as private companies or through partnerships with Government entities such as the Mining Promotion Corporation (MPC). The Corporation has a number of exploration project proposals that are open for consideration by potential investors.

 2.      Mining and Extraction – Opportunities related to mining are associated with opening of new mines, resuscitation of closed mines and forming joint ventures with mines that are operating below capacity.

 3.      Across linkages with entire economy-These include local beneficiation and value addition; provision of support services such as supplies of mining equipment and consumables, financial services, management and consultancy.”

Zimbabwe has prioritized Mineral Beneficiation and Value Addition and Minister Chitando said that, “the country has huge mineral resource endowments to support development of local value chains.”

He added that, “opportunities therefore exist in the development of value chains such as:

1.      Gold, Diamonds, Semi-precious stones – Jewellery manufacturing; Chromite, Iron, Nickel, Carbon (from Coal) – Steel manufacturing and downstream engineering products; Hydrocarbons (Coal+ CBM) – Power Generation, petrochemicals and fertilizers; Graphite, Lithium – battery manufacturing industry, ceramic industry and Phosphates – manufacture of fertilizers

Government is putting in place various measures to attract global investors inclusive of Legislative reforms to create a conducive and competitive investment climate. Currently, Government through 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.

Zimbabwe through the Ministry of Mines and Mining Development has also adopted aggressive marketing of the country’s investment opportunities various fora in collaboration with other Government agencies such ZIDA inclusive of Ease of Doing Business Reforms; Implementation of the Rapid Results Initiative (RRI) to ensure quick implementation of projects and putting in place of attractive incentives – Government offers various incentives for investors in the mining sector.”

The Minister said that the measures include:

1.      Competitive corporate tax rate of 25%; and 15% on holders of Special Mining Leases.

2.      For tax purposes, deductions on all capital expenditure incurred wholly and exclusively for any mining operations is allowed in full.

3.      There is no restriction on the amount of foreign currency brought in.

4.      There is no restriction on dividend remittances and on disinvestment, 100% repatriation of invested capital is allowed.

5.      VAT deferment is granted to mining companies on capital equipment imported for mine development operations.

6.      Mining companies enjoy indefinite carryover of tax losses.