ZIMBABWE is on course to achieve the 2025 mineral earnings target after selling over 2.4 million metric tonnes of minerals worth more than US$1.4 billion between January and June this year.

A half year report on the performance of mineral sales released this Monday by the country’s sole selling and marketing agent of all minerals produced locally except gold, the Minerals Marketing Corporation of Zimbabwe (MMCZ), shows resilience of the industry in light of global market trends.

MMCZ General Manager, Dr Nomsa Jane Moyo, says the trend shows commitment by the mining sector to continue producing despite subdued mineral earnings, owing to declining global commodity prices.

“Despite challenging global commodity markets, the MMCZ managed to facilitate the sale of over 2.4 million metric tonnes of minerals valued at over US$1.4 billion between January and June 2025, this represents a 27 % increase in volumes compared to the same period last year. Geopolitical tensions which have seen skyrocketing prices for gold have had a positive impact on platinum prices as platinum is used as an alternative to gold in the jewellery industry.

“This is a positive development as PGMs are a major contributor of the mineral revenues, the decline in overall sales value was mainly attributed to subdued markets for ferrochrome, lithium and rough diamonds. To increase sales the Corporation will continue seeking for potential investors in antimony which currently is fetching very good prices globally, develop new geographical markets as well as encourage producers to add value or beneficiate their products to fetch higher prices,” she said.

The parastatal is upbeat over growth prospects of the mining industry as it targets over US$3.2 billion in mineral sales by the end of the year.

“The Corporation is positive that it will achieve its target of over US$3.2 billion by year end, as we are vigorously pursuing a number of strategies to curb mineral leakages. To further enhance our oversight role we are also in the process of licensing our drones to be able to precisely measure the volume of excavated material and stockpile, enabling accurate reconciliation with declared production and identifying discrepancies indicative of illicit extraction and trade, enhance surveillance and monitoring of remote areas, and track movement of minerals and conducting volumetric analysis,” Dr Moyo said.

Zimbabwe is pinning hopes of increased mineral sales on an anticipated surge in demand for resource commodities in Asian economies.