By:Positiveeyenews

Zimbabwe’s mining sector is set for a major boost, with US$600 million projected to be injected as capital expenditure in 2025, according to a survey conducted by the Chamber of Mines of Zimbabwe. This investment is expected to drive growth, modernization, and expansion of mining operations across the country, alongside a 3 percent rise in employment and significant growth in mineral export receipts. The sector currently employs 57,000 people directly, and these projections exclude contributions from small-scale miners and other unaffiliated players, suggesting that the actual growth impact could be even larger.

The capital boost will likely go towards upgrading equipment, expanding existing mines, and developing new projects, which will enhance productivity and efficiency. This increased investment will also have a positive ripple effect on the economy, generating more employment, stimulating local economies, and improving Zimbabwe’s competitiveness in mineral exports. The mining sector’s projected growth is crucial to the country’s broader economic recovery efforts.

Government revenue from the mining sector is also expected to surge, with payments to the Treasury set to rise to US$1 billion in 2025, up from US$960 million this year. This growth is expected to be driven by increased mineral production, favorable global commodity prices, and operational improvements. The mining sector’s rising contributions to the country’s fiscal revenues will support public investments and developmental initiatives.

Additionally, mineral export receipts are forecasted to reach US$6 billion in 2025, marking a 9 percent increase from the US$5.5 billion recorded in 2024. This growth highlights the sector’s expanding role in foreign exchange earnings and economic development, further improving Zimbabwe’s trade balance and financial stability.

Employment within the mining sector is expected to grow by 3 percent, with the workforce projected to reach 58,700 in 2025. This expansion reflects the sector’s optimism about the future, driven by new investments, project expansions, and advancements in mining technology. The rise in mining jobs will positively impact local communities, stimulating economic activity and improving livelihoods.

Moreover, payments to local suppliers are expected to increase to US$2.3 billion in 2025, representing a 15 percent rise from US$2 billion in 2024. This demonstrates the mining sector’s growing commitment to supporting local businesses and contributing to Zimbabwe’s broader economic development through increased local procurement and business engagement.

With these developments on the horizon, Zimbabwe’s mining sector is poised to play a pivotal role in the country’s economic recovery, driving growth and creating opportunities for both local and foreign investors.