Mining Investment Reach US$1.2 billion between Q1 and Q2 2025
Francis
Expected to grow by 5,6% in 2025, and contributing 14.5% to the Zimbabwe GDP and more than 70% of export earnings, the Zimbabwe mining sector, and mineral exploration continues to be the country’s most significant investment frontier, says the Hon. Minister of Mines and Mineral Development, Winston Chitando.
By Francis S. Bingandadi FinTech Review.Africa
Addressing delegates at the 2025 Mine Entra Conference, the Hon. Minister said that, ”to unlock its full potential, investors must cultivate a culture of exploration—partnering with local experts, conducting rigorous due diligence, and committing to sustainable, capital-intensive practices that drive long-term value.”
Minister Chitando said that, “With over 60 known minerals, less than a quarter are being actively mined. This is a huge opportunity for those who will pioneer this opportunity and give birth to Zimbabwe’s next tier one mineral assets.”
The mining Minister said that, “Investments are flowing in, reflecting global confidence in our vision. According to ZIDA, we have seen investments in mining reach impressive levels, with 80 and 91 new investment licenses issued in Q1 and Q2 respectively, which is projected to attract a total of over US$1.2 billion worth of investment in the form of capital equipment, cash, equity and debt financing.”
Hon. Chitando revealed that, “the Palm River Energy and Metallurgical Special Economic Zone (PREMSEZ) was launched in February 2025 in Beitbridge being a USD 3.6 billion project with a production projection of 1 million tonnes of steel per annum (both carbon and stainless), 1 million tonnes of thermal coal, and 500,000 tonnes of coking coal annually.”
Minister Chitando added that, “as part of ZIMPLATS’ USD 1.8 billion expansion programme, 35MW of the 185 MW solar project and an expanded smelter project were also commissioned by His Excellency the President Cde Dr. E.D Munangagwa.”
The Minister prided the, “Zhongjin Heli Energy Five Mile Industrial Park, a vertically-integrated, circular-economy industrial complex that bundles coke production, coal-fired power generation and cement production (from fly ash), supported by a dedicated coal concession, water storage and transport links. The industrial park is composed of a coke battery (Phases I and II) 500,000 tonnes/year; power generation plant of 235 MW (100 MW Phase I; 135 MW Phase II) and cement plant with a capacity of 500,000 tonnes/year.”
He added that, “These initiatives are not just about output; they are about creating enduring value and ensuring that every project contributes to ecomnomic growth, environmental stewardship and social development.”
