Recent macroeconomic and financial developments Real GDP growth moderated from 6.1% in 2022 to 5.0% in 2023, due mainly to drought and floods that affected agricultural output and to higher costs of fuel and food imports. Zimbabwe has a multicurrency monetary system, with the Zimbabwe dollar (ZWL) and the US dollar ($) as dominant currencies. The nominal exchange …
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The minister's sentiments are in sync with President Mnangagwa's push for local mineral beneficiation and value addition so as to boost earnings and create more jobs. One of the country's three existing PGM mines —Unki Mine — last year launched a US$62 million smelter which has a 61 000 tonnes annual capacity and can meet the miner ...
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Beneficiation involves the transformation of extracted minerals and metals into higher value products that can be consumed locally or exported. This process plays a crucial role in maximising the economic potential of southern …
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Free Online Library: EDITORIAL COMMENT : Mineral beneficiation critical for economic growth. by "The Herald"; Economic growth Mineral industry International economic relations Mining industry. Printer Friendly. 36,444,539 articles and books. Periodicals Literature. Keyword Title Author Topic.
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Mining is currently considered as the key sector driving economic growth in Zimbabwe. Despite the volatility in prices of most mineral …
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position that mineral beneficiation is a panacea to Africa's economic challenges. The study explored arguments by scholars and policymakers as to why African countries fail to pursue mineral beneficiation which has subsequently relegated their economies to the bottom end of economic development. The research explored how International
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development of a framework on mineral beneficiation and value addition for sustainable socio-economic development of Zimbabwe is therefore necessary. The framework is intended to guide the ...
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However, the country has been facing challenges in fully leveraging its mineral resources endowment for economic growth. This paper aims to address this issue by presenting a comprehensive...
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economic activities including global competitiveness, and thereby resul t in the enhancement of the quality . of lif e for the citizen ry (Che n & Bartl e, 2017). Gi ven .
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Different occupational phases of Great Zimbabwe and their spatial and temporal distribution (based on data from Chirikure et al. 2017b, c; Sinclair et al. 1993; Sinclair and Petrén 2010).
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The country is faced with challenges of achieving sustained economic growth, economic transformation, which is human development oriented. Zimbabwe's minerals present the potential for economic stimulation to growth, and with sound policies and good governance may lead to economic recovery, economic transformation and human development (Mahonye …
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The main challenges confronting the economy include high levels of foreign and domestic debt, poor infrastructure, policy inconsistencies, political uncertainty, corruption, and low capacity utilization. As a result of the economic woes, Zimbabwe's economy has undergone a rapid process of deindustrialization and informalization.
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countries. Were (2001) investigated the impact of Kenya‟s external debt on its‟ economic growth and found that economic growth was negatively affected by high external debt. In the case of Malawi, Tchereni et al. (2013) found a statistically insignificant negative relationship between foreign debt and economic growth.
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And the region may be in a position to make "beneficiation" demands of investors. Minerals "super region" Research group Wood Mackenzie recently produced a white paper exploring the idea of creating a "minerals …
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What is mineral beneficiation? Beneficiation, or value-added processing, involves the transformation of a primary material (produced by mining and extraction processes) to a more finished product, which has a higher export sales value. ... promote creation of decent employment and diversification of the economy, including promotion of the green ...
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The same African Business publication states that a 2020 US Geological Service summary indicates that Africa accounts for more than 5% of the world's lithium resources, but is under-explored.
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economic landscape across the developing economies of Africa, while, Blunch et al. (2001) argue that informal sector may contribute to the growth and development of the economy. In contrast to these views, Klapper et al. (2010) state that the relationship between the informal sector and economic growth is mixed. In Zimbabwe the activities of
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Mining plays a key role in Zimbabwe's economy, contributing 5% and 23% to the country's gross domestic (GDP) and total exports, respectively. It also generates foreign currency and supplies raw materials to some industries. As a 'robber' industry, it extracts minerals from the earth without replacing them. It also creates deep shafts ...
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It is thus vital to r estate the var ious r esear ch objectives in or der to put t he conclusions into per spective. To establish w hether community shar e ow ner ship tr usts exist in the var ious mining host communities in Zimbabw e and to examine CSR pr ojects since their launch after capitalisation by mining companies in Zimbabw e to 2018 ...
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Addressing the Chamber of Mines of Zimbabwe annual general meeting (AGM) in Victoria Falls, the President said realising the full potential in mining could materially transform the economy and create the much-needed …
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We will also ensure that there is beneficiation of these minerals which are under our portfolio. We need to ensure that the export proceeds come back into the economy and play a significant role in providing foreign currency that secures the economy. Those natural resources are never consumed locally. Most of them are for export.
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Through beneficiation and value addition, the Zimbabwean government intended to improve the contribution of the manufacturing sector (inclusive of smelter and refinery products) to exports from 16% to 50%, create employment, minimize the trade deficit and increase fiscal incomes (Baissac et al., 2015; Zimbabwe Ministry of Industry and Commerce, 2012).
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A study by economic think tank the Zimbabwe Economic Policy Analysis and Research Unit (ZEPARU) showed that while a number of mines have responded, many others are still far behind. Government's policy position on mineral beneficiation and value addition, ZEPARU added, is aligned with the regional and continental initiatives.
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In light of the above, different studies have established that there are few examples where mineral beneficiation oriented policies have yielded positive results in mineral-rich countries. The reasons for failure include lack of comparative advantage and …
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The mining sector in Zimbabwe is pivotal to the nation's economic growth, contributing 70 percentage to the GDP and providing employment for thousands. However, …
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The journey has been long but worthwhile. From a series of consultations held in the late 70s by representative of the Frontline States to forge closer alliance, southern Africa was finally able to form a vibrant regional organization, the Southern African Development Coordination Conference (SADCC) in 1980, which was later transformed to the Southern …
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Mining plays a key role in Zimbabwe's economy, contributing 5% and 23% to the country's gross domestic (GDP) and total exports, respectively. It also generates foreign currency and supplies raw materials to some industries. As a 'robber' industry, it extracts minerals from the earth without replacing them. It also creates deep shafts ...
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Tapiwanashe Mangwiro, Harare Bureau. FINANCE, Economic Development and Investment Promotion Minister Professor Mthuli Ncube will present the 2025 National Budget Statement this afternoon, amid ...
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A mineral economic analysis of South Africa's mineral beneficiation industry, comprising both economic theory and case studies, suggests that the domestic market has proved to be a more effective ...
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The economic and commercial interests of China are thus central to this burgeoning relationship. China's economic growth over a number of years has been very significant. In 2020, it experienced an estimated gross domestic product (GDP) growth of 10%, with the GDP per capita exceeding US$1,000 (World Bank 2020, p. 4). In order to ensure ...
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