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2025-12-17 21:54:07
[Zimbabwe Reverses Plan to Raise Gold Royalties to Stabilize Mining Investment Environment] ⑴ The Zimbabwean government, in its new budget released Wednesday, withdrew its plan to double gold royalties to 10%, a plan that had previously drawn strong protests from miners and industry groups. ⑵ Under the revised budget, gold royalties will remain unchanged at 5% when gold prices are between $1,200 and $5,000 per ounce. ⑶ This budget, after lengthy debate, was approved by the lower house of the Zimbabwean parliament early Wednesday morning. ⑷ The country's gold production continues to grow, producing a record 42 tons of gold in the 11 months ending November 2025, surpassing last year's total. ⑸ Industry groups had previously warned that raising royalties would damage its ability to attract investment and hinder its goal of becoming Africa's top gold producer; this policy adjustment aims to stabilize the mining investment environment and maintain growth momentum.
