Mineral revenues seen falling 4% to US$5 billion

ZIMBABWE’S mineral revenues are likely to drop by 4% to US$5 billion this year due to weak commodity prices among other challenges, Chamber of Mines Zimbabwe (CoMZ) president Thomas Gono said Thursday.

The sector generated US$5,2 billion last year.

“In the outlook for 2024, mineral output is expected to grow by a weighted average of around 7,6%, as mining companies ramp up production to compensate for revenue losses arising from low commodity prices,” he said while delivering his opening remarks at the CoMZ 2024 annual conference in Victoria Falls on Thursday.

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