HARARE – Namib Minerals has reaffirmed its commitment to a massive US$300 million investment in Zimbabwe’s gold mining sector, with its Chief Executive Officer, Mr Ibrahima Sory Tall, visiting the company’s assets in Mazowe, Redwing, and How Mines.
The visit comes as groundwork is being laid to restore and expand operations, with the company determined to reposition Zimbabwean gold on the global mining map.
“Being on the ground in Zimbabwe reinforces our commitment to this landmark investment,” said Mr Tall in a press statement. “By implementing our strategy, we will be developing world-class assets that directly support the Government of Zimbabwe’s Vision 2030, while also generating lasting value for our stakeholders.”
Preliminary redevelopment has already begun at Mazowe and Redwing Mines, while plans to scale up production at How Mine are underway as part of Namib Minerals’ five-year investment programme.
According to the company, the multi-million-dollar plan will prioritise environmental rehabilitation, reopening closed operations, expanding production capacity, and undertaking extensive exploration aimed at doubling current resources.
Mr Tall also stressed the importance of addressing rampant illegal mining activities, particularly around Mazowe and Redwing, noting that coordinated action was essential to ensure safe operations, protect communities, and deliver sustainable national value.
The announcement follows Namib Minerals’ symbolic ringing of the closing bell at Nasdaq earlier this year, which the company said marked its intention to channel “world-class investment” into Zimbabwe’s mining industry.
Namib Minerals, listed on Nasdaq in June 2025 under the ticker NAMM, holds gold assets in Zimbabwe and copper and cobalt exploration projects in the Democratic Republic of Congo.
