THE Minerals Marketing Corporation of Zimbabwe (MMCZ) has projected mineral revenues of US$3,3 billion this year — a 3,1% rise from US$3,2 billion in 2025.
The increase will be driven by improved export performance and price recovery in key commodities.
According to the World Bank, global commodity prices are expected to decline by 7% in 2026 amid geopolitical tensions, subdued economic activity, persistent trade frictions, and policy uncertainty.
However, gold prices are forecast to soar to over US$5 000 per ounce this year amid this volatility, as central banks and financial institutions turn to the metal, a more stable store of value.
Gold is one of Zimbabwe’s key commodities.
“The mineral revenue projection for the year is US$3,3 billion. This (will be) underpinned by improved export performance, price recovery in key commodities and strengthened compliance and value-realisation measures across the sector,” MMCZ general manager Nomusa Moyo told businessdigest.
In 2025, MMCZ sold more than three million tonnes of minerals, exceeding its target of 2,6 million tonnes by about 15%.
The corporation is working closely with other agencies to build on this performance.
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“MMCZ is strengthening transparency and efficiency through enhanced production monitoring, independent verification of quality and quantities, benchmark pricing, robust laboratory testing, regular audits, border controls, inter-agency systems integration, and collaborative enforcement frameworks,” Moyo said.
“These measures collectively improve traceability, accountability, and value realisation across the mineral value chain.”
However, Moyo raised concern over persistent mineral leakages, which are estimated to cost over US$1 billion annually.
“There is no single solution to mineral leakages. An effective response requires a coordinated, multi-faceted approach,” she said.
Consequently, MMCZ is rolling out advanced technologies, including drone surveillance, as part of a broader strategy to curb leakages and safeguard national mineral revenues.
“Once fully operational, this technology will provide real-time monitoring, strengthen enforcement, and complement existing anti-leakage measures, significantly reducing mineral losses,” she said.
MMCZ continues to enforce strict due diligence measures across the sector. These include continuous monitoring of production, verification of mineral quality and quantities, inspection of exports, and research to ensure all minerals produced are fully accounted for.
“We benchmark pricing systems to curb under-declaration and under-invoicing, and we have strengthened laboratory capacity to ensure accurate mineral testing and accountability,” Moyo said.
She noted that MMCZ has funded the procurement of high-end laboratory equipment worth more than US$3 million over the past two years at Metlab and the Zimbabwe School of Mines.
Additional measures include funding the construction and installation of weighbridges for accurate quantification of export cargo, conducting regular mine audits to reconcile production with declared output, and enhanced monitoring at border posts.
“This border monitoring programme is expected to be extended to other border posts within the year,” Moyo said.
The corporation has also intensified periodic inspection blitzes and permanently deployed monitoring personnel at all platinum group metals mines.
To strengthen enforcement, MMCZ collaborates with several state agencies, including the Zimbabwe Republic Police.
She said the MMCZ’s key operational challenges remain mineral leakages, pricing distortions, market volatility, and limited sector-wide systems integration and compliance enforcement.
