https://newsletter.mw.creamermedia.com
Gold|Mining
Gold|Mining
gold|mining

Zimbabwe to hike royalties on gold producers to cash in on recent record prices

28th November 2025

By: Reuters

  

Font size: - +

Zimbabwe will hike royalties on gold producers as it moves to take advantage of recent record high bullion prices, a 2026 national budget speech showed on Thursday.

As part of a raft of revenue measures aimed at boosting state income and supporting local industry, gold miners will pay a 10% royalty if prices exceed $2,501 per ounce, according to the document.

Bullion has fallen 5% since hitting a record high of $4,381.21 on October 20, but has broadly traded above $4,000 an ounce.

"In order to ensure the mining sector contributes a fair share of revenue to the Fiscus during periods of commodity price boom, as well as eliminate arbitrage between categories of miners, I propose to harmonise and review the royalty structure for all gold producers," Finance Minister Mthuli Ncube was quoted as saying in the speech.

Zimbabwe largely relies on gold and tobacco exports for foreign exchange.

Its biggest gold producers include Kuvimba Mining House, Padenga, Caledonia Mining Corporation and Rio Zim.

Edited by Reuters

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

 

Latest News

The Novo Tlamino project site in Serbia
MinRex, Electrum to merge
6th January 2026 By: Tasneem Bulbulia

Showroom

ESAB showroom image
ESAB South Africa

ESAB South Arica, the leading supplier of high-end welding and cutting products to the Southern African industrial market is based in...

VISIT SHOWROOM 
Monitor Distributors
Monitor Distributors

We at Hawk High Pressure Pumps specialise in industrial pumps and pumping systems. Our high pressure washing equipment is locally manufactured and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 10 December 2025
Magazine round up | 12 December 2025
12th December 2025

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.248 0.331s - 145pq - 2rq
Subscribe Now