Zimbabwe designates critical minerals for export, shareholding controls


By GretinahYe Ting

HARARE, May 22 (Xinhua) -- The Zimbabwean government on Friday designated lithium and other high-value minerals, particularly those underpinning the green energy transition, as critical minerals subject to shareholding and export controls.

Addressing a press conference in the Zimbabwean capital of Harare, Mines and Mining Development Minister Polite Kambamura announced that the newly classified categories include critical minerals such as nickel, cobalt, graphite, copper, rare earth elements, chrome, platinum group metals, manganese, antimony, uranium, ruthenium, tungsten, and niobium.

Additionally, metallurgical coal has been designated as a special critical mineral, while limestone, potash, phosphorus, iron ore, pyrites, oil, gas, coal, gold, and diamonds are now classified as strategic minerals.

Kambamura noted that the classification is based on supply chain vulnerability, international demand, local reserves, dominance in production, and the mineral's capacity to generate substantial local employment and downstream beneficiation.

Kambamura said the Zimbabwean government shall, through designated special-purpose vehicles, exercise a mandatory minimum shareholding in the exploitation of these classified minerals.

Furthermore, strict export controls will be enforced. No person shall export any of the classified minerals in their raw or unbeneficiated form unless authorized under a conditional transitional plan approved by the minister, featuring a specific timeline for local beneficiation beyond the concentrate stage.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In World

Argentina starting lineup for World Cup final against Spain
"The Odyssey" tops North American box office in opening weekend
Egypt discovers 3 ancient rock-cut tombs
Man injured in shooting in Ireland's Limerick
5 killed, over 20 injured after quake hits central Peru
At least six dead and 21 injured after 2 earthquakes in Peru
Chinese state-owned capital operation firms announce share purchase plans amid confidence in China's capital market
India bans march on parliament by 'Cockroach' activists, standoff looms
ICE officers to wear body cameras during vehicle stops, border czar says
Dozens missing after passenger ferry sinks off coast of Guyana

Others Also Read