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Albany, NY -- (SBWIRE) -- 09/18/2014 -- Synopsis:
The 'Precious Metals Mining in Zimbabwe to 2020' report comprehensively covers the country’s historical and forecast data on platinum and rough diamond production, reserves and exports to 2020. The report also includes drivers and restraints affecting the industry, profiles of major platinum and diamond mining companies, information on the major active, exploration and development projects and regulations governing the industry.
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Platinum reserves in the country can be found in the Great Dyke, while diamond reserves are spread across the Marange fields. Diamond production was 10.4 million carats in 2013 majorly from provinces of Manicaland, Matabeleland and Midlands. Rough diamond exports were 9.6 million carats in 2013. In the same year, platinum mine production was around 12.2 tonnes (t), mainly from its platinum producing mines located in the province of Matabeleland South.
The report contains an overview of Zimbabwe's platinum and diamond mining industry together with the key growth factors and restraints affecting the industry. Further, it provides information about reserves, production, trade, competitive landscape, major active and development projects and the mining fiscal regime of the country.
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Gain an understanding of Zimbabwe's platinum and diamond mining industry, the relevant drivers and restraining factors, reserves, historical and forecast production, trade and the fiscal regime.
While the mining industry is expected to contribute 17.8% towards the country’s GDP by 2015, it accounted for US$445 million in taxes to the government in 2012 and formally employed 45,000 people while informally employing more than 500,000.
Mineral exports contributed more than 50% of the country’s total export earnings in 2013, while PGM metals and the diamond industry contributed 27.2% and 26.1% respectively towards total mineral exports in 2012.
Although the mining industry is increasingly becoming the backbone of growth, contributing more to GDP, the lack of transparency and accountability in the exploration and exploitation of mineral resources has become one of its key challenges.
Shortages of electricity as a result of Zimbabwe’s power crisis are a major hindrance for the country’s precious metals mining industry.
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