Zimbabwe Enforces New Regulations on Foreign Miners to Boost Local Gold Sector
Zimbabwe has introduced stringent regulations for foreign miners in its gold sector, reserving small-scale gold mining exclusively for Zimbabwean citizens. This policy, announced by Polite Kambamura in Harare, aims to protect local jobs, empower indigenous miners, and retain more mining income within the country. The regulation applies to entities with monthly production not exceeding 20 kilograms and total capital investment under $15 million. Small-scale operations account for 65% of Zimbabwe's gold production. The government has set a deadline for foreign players to either significantly increase investment and production or cease operations by January. This move is part of Zimbabwe's broader strategy to transition from a raw-material exporter to a minerals-processing and manufacturing hub. 
