Zimbabwe mineral exports up 25 percent


Zimbabwe’s mineral exports increased 25 percent to $1.69 billion between January and September, up from $1.35 billion during the same period last year on the back of increased output, Mines minister Walter Chidhakwa has said.

Speaking at the Zimbabwe Alternative Mining Indaba held in Bulawayo yesterday, Chidhakwa said all minerals, except diamond, had performed positively in the eight month period.

“As of September 15, 2017, cumulative mineral exports from January 2017 stood at $1.692 billion compared to $1.352 billion during the same period last year that is January to September. This represents approximately 25.1 percent increase,” Chidhakwa said.

Chidhakwa said cumulative gold exports in the period under review stood at 14 731 tonnes valued at $631.84 million compared to 14 275 tonnes valued at $575 978 million during the same period last year.

“This represents an increase of 3.2 percent and 9.7 percent in volume and value terms respectively. Higher production figures could have been realised were it not for incessant rains which affected gold production in the first quarter of 2016,” he said.

In the period under review, Chidhakwa said platinum generated $617 million compared to $540 million, diamond $63.7 million compared to $89.7m while gold $631 million from $575 million achieved last year in the same period.

Ferrochrome recorded $224 million up from $62 million last year, raw chrome $69 million compared to $7.8 million last year.

Chidhakwa said other commodities such as nickel and copper, among others, generated $85 million compared to $75.6 million recorded last year.-The Source


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The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.


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