Navigating Compliance in Zimbabwe's Gold Mining Sector: …
Mineral Wealth Capital in Zimbabwe is a company that hopes to provide a solid foundation for investment that will deliver prosperity across Zimbabwe's mining sector. We have a widespread presence and expertise in the mining, finance and investment industry, and will work with clients to ensure that their project reaches its intended audience ...
Interview: Better Brands founder Pedzisai "Scott" Sakupwanya
The vision of reaching a US$4 billion milestone annually for the gold industry was not achieved due to limited access to fresh capital caused by economic sanctions imposed on the country. These sanctions hindered the investment flow into Zimbabwe, making it a challenge to meet the ambitious target. Some say Zimbabwe is a bad investment destination.
Zimbabwe
Zimbabwe's mining sector faces significant obstacles, as outlined in the Ministry of Mines' 2023 report. Electricity, water, and capital shortages persist into 2025, threatening the …
New special capital gains tax on mining title
PressReader. Catalog; For You; The Herald (Zimbabwe) New special capital gains tax on mining title - Godknows Hofisi Introduction. DUE to the importance of mining in Zimbabwe in this article I look at the special capital gains tax (special CGT) on the transfer of mining title that was introduced through the Finance Act No. 13 of 2023 which amended the …
Zimbabwean miners eye $600 million capex for …
Mining executives in Zimbabwe – including CEOs of units of Impala Platinum, Sibanye-Stillwater and Anglo American Platinum, among others – are planning up to $600 million (R10.5...
Key Mining projects and plant upgrades in Zimbabwe
The total investment of the project is USD67 million and the project employs a total of 1,979 people in Zimbabwe. Caledonia Mine has also constructed a 12MW Solar Plant at Blanket, at a cost of approximately USD14 million. ... The Capital Investment for Phase 1 of the project is about USD1 Billion and is expected to have an annual turnover of ...
Govt official requests mine refining, processing …
CAPITAL injection into refining and processing facilities will accelerate the country's bid to become a leader in the global mineral export market, a government official has said.
Mimosa's Strong Performance Drives Competitive Cost …
The country's second-biggest Platinum Group Metal (PGM) producer, Mimosa Mining Company, jointly owned by Sibanye Stillwater and Impala Platinum Holdings (Implats), continues to demonstrate its competitive strength in the PGMs sector, as highlighted in a recent investor presentation titled "Positioned for Ongoing Shared Value Creation," published by …
Zimbabwe: a Burgeoning Lithium Hub
Boasting Africa's largest confirmed lithium reserves, Zimbabwe's massive yet largely untapped mineral resources offer lucrative investment opportunities for investors and mining companies alike. The country's Bikita Mine is home to approximately 11 million tons of lithium resources, however new exploration campaigns are likely to unlock ...
Top 10 mining opportunities available in Zimbabwe
4. Long term capital. Mining is capital intensive. According to Chamber of Mines of Zimbabwe (CoMZ) the mining sector needs fresh capital investment to ensure that positive growth and viability is maintained. The mining body says mining companies need over US$7 billion to recapitalise their operations over the next five years, from 2018 to 2022.
Kavango Resources Launches Ambitious Expansion Plan
London Stock Exchange-listed mining and exploration junior Kavango Resources is making notable advances in the Southern African metals exploration sector, with a strong focus on Zimbabwe.. by Patricia Rwafa. The company recently announced its Capital Investment & Financing Programme (Cap-Ex Programme), signalling its intention to significantly develop its …
Top Ten operating mines in Zimbabwe 2019
Unki Platinum Mine, Zvishavane Zimbabwe. ... Production has been consistent and this also saw Government injecting a considerable amount of investment capital to boost production. The diamond miner, however, is targeting to produce 10 million carats by 2023, an output that is expected to feed into President Mnangagwa's vision of a middle ...
CBZ Secures USD 50M Credit Line to Boost Mining Sector …
The initiative comes at a crucial time when suppliers in Zimbabwe's mining sector have struggled to access long-term financing. Last year, CBZ Bank reported that loans to the mining sector accounted for only 11% of total industry loans in Zimbabwe, compared to 20% for individual loans, highlighting a significant financing gap for the sector.
ZimAlloys Revives Smelting, Targets 120,000 Tonnes Annual …
Kuvimba Mining House (KMH)-owned Zimbabwe Alloys (ZimAlloys) has reasserted itself as a leading alloy producer in Zimbabwe, with plans to become one of the largest high-carbon ferrochrome producers in the country, Mining Zimbabwe can report. By Rudairo Mapuranga. ZimAlloys Managing Director Deric Dube confirmed that the company has …
Mangwana Capital
Mangwana Capital is a Zimbabwe-based investment boutique and private equity firm. We believe in Africa and its growth potential. Skip to content. Menu. Menu. ... We make investments in companies operating in the SADC region in the fields of natural resource exploration, mining and processing, horticulture and agriculture along the value chain ...
ZAWIMA Mobilizing Funds to Empower Women in Mining
The Zimbabwe Association of Women in Mining (ZAWIMA) is mobilizing resources to adequately fund its women-focused training programs, Chairperson Kundai Chikonzo told Mining Zimbabwe.. By Hazel Gara. ZAWIMA has been instrumental in increasing the participation of women in the mining sector. Its growth has contributed to job creation, particularly in rural …
Zimbabwe
Zimbabwe's mining sector is highly diversified, with close to 40 different minerals. The predominant minerals include platinum group metals (PGM), chrome, gold, coal, lithium, and diamonds. ... government's renewed interest in increasing domestic production of value-added mineral products will require larger capital investments in the ...
Will Rising Challenges and New Tax Burdens Affect the …
As Zimbabwe's mining sector looks to capitalize on the anticipated 140% increase in investment for 2025, the industry's future holds considerable promise, driven by key sectors …
Shining Capital Holdings II LP
Gold buying prices per gram in Zimbabwe 6 January 2025 Gold Deliveries Increase by Over 26% in 2024, Small-Scale Miners Dominate with a 21% Surge Invictus Energy Completes Historic US$10 Million Capital Raise for Muzarabani Oil Project
A Chinese mining company has opened a giant lithium …
A Chinese mining company on Wednesday commissioned a $300 million lithium processing plant in Zimbabwe. ... (50 miles) southeast of Zimbabwe's capital, Harare. "Lithium is the mineral of the present and the future ... and value addition will position our country as an emerging and competitive player in the global lithium value chain ...
Crisis, Capital, Compromise: Mining and Empowerment …
Crisis, Capital, Compromise: Mining and Empowerment in Zimbabwe Introduction: Painful Paradoxes The minerals and mining sector in Southern African has experienced a revival in the past decade, with heightened levels of international, regional and occasionally domestic investment coming in the wake of a long commodities boom, new and
Mimosa's Local Development & Supplier Support Programs …
Mimosa Mining Company's (MMC) Local Enterprise Development (LED) and Supplier Support Program (SSP) are yielding positive results, as the PGM miner has so far capacitated five of its suppliers, some of whom are already exporting to the region, Mining Zimbabwe can report.. By Ryan Chigoche. Recently, there has been a notable relocation of …
Mining Laws and Regulations Report 2025 Zimbabwe
The special capital gains tax on the transfer of a mining title is a tax on the value of any transaction concluded within or outside Zimbabwe whereby any mining title has, within the period of 10 years before 1 January 2024, been transferred to any entity which still held it on 1 January 2024, or is, at any time on or after 1 January 2024 ...
Mining Tax Highlights in Zimbabwe, January 2024
Since 2018 Zimbabwe has re-focused its attention on the mining industry's potential, thus re-structuring its policies and regulatory framework. In this article our Mining Law Practice group outlines the Major Mining Tax …
Zimbabwe's Deputy Minister Joins CMA 2024
Amid rising investments in Zimbabwe's critical minerals value chain, Deputy Minister of Mines and Mining Development of Zimbabwe Polite Kambamura will participate in the Ministerial Forum as part of the upcoming Critical Minerals Africa (CMA) Summit in Cape Town. Minister Kambamura is expected to highlight the vital role of policy, infrastructure development …
Fuel Levy, Power Cuts, and Soaring Costs Push Zimbabwe's Mining …
Zimbabwe's mining sector is facing a severe crisis as a new fuel levy of US$0.005 per litre worsens existing challenges, including crippling power cuts and skyrocketing operational costs. Already burdened by an effective tax rate of 69%, miners are struggling to remain viable, with sectors like lithium and platinum group metals (PGMs) particularly hard-hit, Mining …
Zimplats splurges US$159m on capital projects
Zimbabwe's largest platinum miner, Zimplats has spent US$159.1m on capital projects including mine expansion in the 12 months to June 30, 2021. Zimplats said it has completed redeveloping Bimha Mine. […]
What is Zimbabwe Mining Index | Capital
The Zimbabwe Mining Index tracks four companies that mine for materials such as gold and copper. See how this volatile index offers outsize risks and rewards. 82.12% of investors lose money. ... Capital Com Online Investments Ltd is a Company registered in the Commonwealth of The Bahamas and authorised by the Securities Commission of The ...
Alrosa kicks off diamond exploration in Zimbabwe
The move is a welcome boost to the southern African nation's attempts to expand diamond mining revenues. Alrosa opened an office in Zimbabwe's capital Harare in 2018.
Fiscal incentives or tax policies for Mining investment in Zimbabwe
Responding to mining Zimbabwe's question "What fiscal incentives or tax policies do we have in place to encourage mining investment and ensure a competitive environment for foreign companies seeking to invest in Zimbabwe?" this is what the Minister of Mines and Mining Development said. INCOME TAX. Allowable Deductions/ Expenditure . All capital expenditure …