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Zimbabwe targets $12bn from mineral exports in five years

Mineral production is expected to get a boost by increasing output at Anglo American Platinum’s Unki Mine and Impala Platinum’s Mimosa project.

Zimbabwe expects to earn $12 billion a year from mineral exports by 2023, Mines Minister Winston Chitando said.

Mineral production is expected to be boosted by increased output at Anglo American Platinum’s Unki Mine and Impala Platinum’s Mimosa project, which have submitted expansion plans to the government, Chitando told lawmakers Monday in the capital, Harare.

Diamond production is expected to reach 12 million carats a year by 2023, he said.

Zimbabwe earned $2.47 billion from exports of minerals in the first half of 2018, according to central bank data. Platinum shipments generated $566.9 million and industrial diamonds exports raised $40.1 million, the bank said last month.

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