INTRODUCTION TO Zimbabwe

The Republic of Zimbabwe is an independent country in Southern Africa, well endowed with mineral, agricultural and other resources, which have created opportunities for the growth of resource-based industrial activities.

Agriculture, Manufacturing, Mining, Tourism and Distribution and Finance and Insurance, among others, are the major economic sectors with a contribution of more than 60% to GDP.

INVESTMENT OPPORTUNITIES

Coal presents the greatest potential for value addition in the energy sub-sector. Through availing adequate resources for the use of acquired technologies, the country stands to benefit from increased revenues derived from by-products of producing coke which include various solvents, tar and with further processes, petrol and diesel. There is also great potential in expanding ferrochrome production in the country

Presently, virtually all diamonds, emeralds and semi-precious stones are exported in the raw form, whilst a small percentage of gold is manufactured into jewellery. The government is in the process of making efforts to promote beneficiation and value addition programmes in the precious metals sector.
Reasons for investing in Zimbabwe’s mineral sector include:
an abundance of natural resources
availability of educated and competitive labour
Well developed infrastructure

EXPLORATION POTENTIAL

Nickel: Among the base metals exploited in Zimbabwe, nickel dominates in terms of value. Production comes from several mines located on the greenstone belt and from PGM mining operations, as a by-product. With two operational nickel smelting and refining facilities, and favourable geological conditions for the existence of nickel deposits, investment into this area is encouraged. Nickel yields cobalt as a by-product.

Chrome: The chrome ore resource, mostly along the Great Dyke, is categorised as world class, and considerable value adding takes place as the ore is processed into ferro-chrome alloys before export. There is scope for further value addition. Although there is a high demand for raw chrome in international markets, Zimbabwe has adopted a policy not to export raw chrome in order to encourage  local beneficiation.

Diamonds: The country has two operating diamond mines, Murowa and River Ranch Mines,  with the Marange resource still to be scientifically assessed to determine its full potential. The aeromagnetic survey of the area revealed exciting anomalies that indicate huge potential in green field diamond exploration.

Coal: Coal has been the dominant energy mineral for Zimbabwe. The country boasts of vast reserves of coal particularly in the north-west and southern parts of the country
Coal-bed Methane(CBM): Coal-bed Methane: CBM recently discovered in the north-west of the country provides an alternative energy source to coal. The discoveries are considered to be comparable to those in. Several exploration companies have reported viable resources awaiting further development and investment. This resource could be used for power generation, production of pharmaceuticals, ammonia-based fertilisers and other chemicals. Many downstream industries could be developed resulting in greater employment levels and a variety of new products

Zimbabwe has the second largest known deposits of platinum in the world. Zimbabwe considers PGM to be an important aspect of the country’s mineral developement

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COMPANIES MINING IN Zimbabwe


LEGISLATION & MINING POLICY OVERVIEW

Zimbabwe’S ECONOMY

The collective wisdom of the inclusive government now in place is witnessed in the introduction of the multi-currency system credited with reducing Zimbabwean inflation from the estimated 231 million percent in December 2008 to 3.5% per annum as at 30 June 2009.

This has happened since the liberalisation of the exchange control regime and the use of multi-currencies such are the United States Dollar ("US$") and the South African Rand ("ZAR") to transact business in February 2009.

Exchange control regulations have been relaxed to allow for repatriation of foreign’ funds invested and profits earned in Zimbabwe without any restrictions