The listing of Caledonia Mining Corporation on the VFEX in 2021 demonstrates the funding potential of the VFEX, state Moyo and Varrie. Caledonia received "incredible" support from Zimbabwean ...

Gold mining investors are pressuring Zimbabwe to change a law forcing producers to sell their output to the central bank, which partly pays them in local currency that's worthless outside the country. That law is making it hard to raise capital for investment projects, according to B2Gold Corp. and Caledonia Mining Corp., which are …

Research approach and method: The study employed the autoregressive distributed lag (ARDL) method to evaluate the determinants of FDI into the Zimbabwean MS. Main Findings: The results show that...

Studies that have attempted to disaggregate FDI are scanty—a few found investments in the natural resources sector to impact growth and development. For instance, in Zimbabwe, mining sector FDI significantly affects economic growth more than domestic investment and non-mining sector FDI (Gochero & Boopen, Citation 2020).

Brown tragically passed away on June 18 – a major loss for Zimbabwe considering his 20-year-long involvement with the country. Brown's view was also recently expressed by the Chamber of Mines of Zimbabwe. Commenting in its 2022 Commodity Outlook, it identified an estimated capital shortfall in its mining sector of $10bn over the …

The surge in foreign investment, exemplified by the US$7 billion deal, is crucial for Zimbabwe's target to elevate annual mining industry revenue to US$12 billion, a goal that the country failed ...

Private sector investment in Zimbabwe's mining sector presents the country with greater opportunity for shared economic growth and could potentially create jobs and improve …

By Lucy Tandi. HARARE (Mining Index) – CHINA has in the past decade emerged as a key external investor in Zimbabwe's mining sector. Under the Second Republic, Zimbabwe has embarked on a policy drive to attract Foreign Direct Investment (FDI) to power its economic recovery, stabilization, and growth with a view to becoming …

THERE are plenty opportunities available in Zimbabwe's mining sector that could be exploited by both local and foreign investors. Zimbabwe has about 60 mineral occurrences, the major ones being …

Zimbabwe has been struggling to attract big investors from early 2000 when its economy imploded following the government's seizure of white-owned commercial farmland for distribution to Blacks.

Zimbabwe's mining sector is highly diversified, with close to 40 different minerals. ... foreign currency shortages, and policy uncertainties. The Chamber of Mines reported the mining industry generated $5.6 billion in 2022 compared to $5.1 billion in 2021, and it projected 10.4 percent sector growth in 2023. ... Besides direct investment …

Farasten Muzavazi. Abstract This chapter examines the socio-economic impacts of China's mining investments in Zimbabwe, in the context of debates around China's broader invest-ment initiatives and patterns in Africa. There has been an influx of Chinese mining conglomerates venturing into the mining industry in Zimbabwe in recent years in ...

When setting up an initial investment in Zimbabwe's lithium space, some of the key pieces of legislation a foreign investor may consider include: Zimbabwe Investment and Development Agency Act ...

EXECUTIVE SUMMARY. Zimbabwe suffered serious economic contractions in 2019 and 2020 due to the extended effects of climate shocks that crippled agriculture and electricity generation as well as a fiscal adjustment, a volatile currency, and the negative impact of the COVID-19 pandemic which led to lockdowns, reduced investment inflows, and broken …

Of the planned investment $2.8 billion is slated for energy projects and $411 million for mining. One China-backed project is a $2.3 billion planned energy and mining complex that will process ...

zimbabwe mining news. Tax incentives, which the government extended to the mining sector are meant to attract new investment while ensuring maximum utilisation of the country's mineral resources to achieve a US$12 billion mining industry by 2023, a Cabinet Minister has said. Gold production of 100 tonnes and earnings of US$4 billion …

In February 2023, the government increased foreign exchange retention to 75 percent from 60 percent for mining companies. A new requirement that mining …

Western investors on the other hand remain reluctant to work in Zimbabwe and are concerned about the human rights situation. They fear sanctions, political uncertainty, security of investments and reputational risks. Recently the Australian investor of Zimbabwe's lithium mines Prospect Resources sold its mining rights to a Chinese …

of the global exploration budget fell from 0.2. percent to literally 0 percent. Globally, around 10 percent of all capital. expenditure in mining goes towards. exploration, in Zimbabwe, it is near ...

Mining Sector. Mining is the major attraction in the country with over 60 international tradeable minerals. Zimbabwe has the second highest deposits of platinum in the world. Major mineral belts include: The Great Dyke belt (P.G.Ms., chrome, gold etc.), Coal field include Beit Bridge-Gokwe-Hwange belt and the Marange diamond fields. Foreign ...

FDI approvals fell from US$3.2 billion in 2015 to US$2.3 billion and US$1.5 billion in 2016 and 2017 respectively. Having approved US$33.94 billion worth of investments between 2009 and June 2018, US$ 15.76 billion worth of investment approvals were made from 165 investment proposals between January and June 2018.

Procedures and criteria of obtaining Mining Claims in Zimbabwe. Introduction. 1.1 Foreign Investors are allowed to own shareholding for mining operations in all minerals except for platinum and diamonds which the foreign investor is expected to jointly own with Government on a 51%/49% basis.

The country's mining sector has recorded a cumulative total of US$20,2 billion in export earnings in the past five years spurred by the improved investment climate ushered in by the Second Republic whose pro-business policies have lured back foreign direct investors.

the Zimbabwe Investment Development Agency Act [Chapter 14:38] – deals with investment promotion in the country. 2. ... rights in relation to exploration and mining can be owned by a foreign entity. The government amended the Indigenisation and Economic Empowerment Act [Chapter 14:33] with effect from 31 December 2020 to …

Zimbabwe's hopes for a quick economic recovery and sustainable foreign exchange stability rest on the shoulders of its multibillion-dollar mining industry. By Francis Shingi Nhunzvi and Victor Bhoroma Beyond the productivity bottlenecks of the past 2 years, mining commodities earned the country US$2.91 billion in 2019 (9% down from the …

The study employs the autoregressive distributed lag (ARDL) approach to examine the relationship between foreign direct investment (FDI) in the mining sector on the Zimbabwe economy, while...

INVESTORS have been urged to consider investing in Zimbabwe's mining sector as it presents many competitive opportunities to different needs. The mining sector in Zimbabwe accounts for around 65 percent of the country's foreign currency receipts. The country has witnessed several big developments on the mining front in the past …

Zimbabwe's stock market currently has 56 publicly listed companies, but just 12 of them account for about 71 percent of total market capitalization, which stood at USD 2.5 billion on April 24, 2020. Stock and money markets are open to foreign portfolio investment.

The hidden cost of Zimbabwe's mining sector. Human rights groups are worried about the increasing number of internally displaced people in Zimbabwe due to mining operations involving the ruling elites and their foreign partners. In late April, unnamed "new owners" of Ran Mine, a defunct gold mine some 100 km northeast of …

In order to invest, foreign businesses need to feel comfortable that their assets will not be restricted by local liabilities. Nearly two thirds of all foreign currency in Zimbabwe comes from mining exports. To illustrate the issue; only $300 million of offshore investments entered the mining industry in Zimbabwe in 2017, compared to $2 billion ...