Story by Owen Mandovha
A positive business outlook is generally expected for the 2025 operations by mining executives as confidence is high that the sector will grow amid a challenging global environment.
This is according to the 2025 State of The Ministry Industry Outlook presented by the Chamber of Mines at the ongoing Mine Entra in Bulawayo this Wednesday.
Minerals exports are expected to increase from US$5,5 billion in 2024 to US$6 billion in 2025, employment numbers will also increase by 3% in tandem with an average mineral output growth of 7% in 2025 while capacity utilisation will reach 90% from 84% in 2024.
However, mining executives are anticipating energy constraints due to increased mining output with demand to surge from the current 600MW to 700MW as a result of increased output.
Capital expenditure for the year 2025 is projected to be US$600 million for the sector as miners seek to leverage the firming commodity prices on the global market.
The mining sector is therefore expected to anchor the continued growth and industrialisation of the Zimbabwean economy.
