Mineral export sales surge 13pc in first four months

 

Martin Kadzere

ZIMBABWE’s mineral export sales volume increased by 13 percent in four months to April 2025 compared to the same period last year, according to figures released by the Minerals Marketing Corporation of Zimbabwe (MMCZ).

While sales increased in volume terms, they declined in value terms by 27 percent.

For the first four months, the MMCZ reported selling a total of about 1,5 million tonnes of minerals valued at US$779,7 million.

In comparison, in the four months to April 2024, the corporation sold 1,3 million tonnes valued at US$1 billion.

The export sales do not include gold exports, which fall under the purview of the Fidelity Gold Refineries, an arm of the Reserve Bank of Zimbabwe (RBZ)

The 13 percent rise in sales volume is largely attributed to increased exports across several key minerals while the 27 percent decline in value is primarily due to a sharp drop in Platinum Group Metals.

Related Posts

Mukuhlani’s elevation, a milestone for Zim — Shah

Eddie Chikamhi-Zimpapers Sports Hub INTERNATIONAL Cricket Council chairman Jay Shah has hailed Tavengwa Mukuhlani’s appointment as ICC deputy chair as a significant milestone for the Zimbabwean game and a recognition…

Editorial Comment: El Nino mitigation plans are upgrades of tested successes

WITH lower rainfall forecast across Zimbabwe and Southern Africa in general as a result of the super El Nino building up in the Pacific Ocean, an improved drought mitigation plan…

Leave a Reply

Your email address will not be published. Required fields are marked *