Monday, June 22, 2026

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Zimbabwe plans nearly $2 billion investment to expand gold sector

Zimbabwe is set to invest nearly $2 billion in its gold sector as part of efforts to expand mining operations, revive inactive mines and boost mineral exploration.

ONA

info@thearabianstories.com

Monday, June 22, 2026

HARARE – Authorities have begun directing financial resources towards developing mine infrastructure, restarting closed operations and improving exploration activities to strengthen long-term gold production.
The investment programme includes mine expansion projects, rehabilitation of existing facilities and modernisation of mining operations. Officials said funding will also support the revival of mines that had previously halted production.
Zimbabwe has intensified exploration activities to identify new gold reserves, as several existing mines approach the later stages of their operational lifespan.
The government is also working to formalise and regulate artisanal and small-scale mining activities, which contribute significantly to gold production and foreign exchange earnings.
Through these initiatives, Zimbabwe aims to position the gold industry as a key driver of economic growth, supporting higher exports, job creation and industrial development.

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