Zimbabwe mining investment rising steadily and extends beyond lithium

Source Summary

Although Zimbabwe has endured more than two decades of frequent bad press linked to its politics, the negative headlines have not prevented billions of dollars in mining foreign direct investment from flowing into the country since the post-Robert Mugabe era began with the late strongman’s ouster in a military-assisted transition in November 2017. Since 2023, the Zimbabwe Investment and Development Centre has issued new mining licences worth $3.52-billion, while existing mining companies are undertaking massive expansion projects. For example, Zimplats, a unit of South Africa’s Impala Platinum, has invested more than $750-million in expansion, beneficiation, and energy projects, while Mimosa, another South African-owned platinum group metals (PGMs) miner, is investing more than $200-million.