NAMIB Minerals is pressing ahead with groundwork for a US$300 million investment to restore and expand operations at its gold assets in Zimbabwe, the firm said on Thursday.
It is a bold plan to reposition Zimbabwean gold on the global mining map.
Namib CEO, Ibrahima Sory Tall, toured Mazowe, Redwing, and How Mines this week, the statement said.
It said he expressed renewed confidence in the company’s strategy to restart and ramp up operations.
“Being on the ground in Zimbabwe reinforces our commitment to this landmark investment,” Tall said.
“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 work has already begun at Mazowe and Redwing Mines, laying the foundation for redevelopment, the statement noted.
It said at How Mine, plans were underway to scale up production, as part of Namib’s five-year investment programme.
The investment will focus on environmental rehabilitation, reopening operations, increasing production capacity, and extensive exploration to double current resources.
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The statement said addressing the challenge of illegal mining will be critical to maximising the benefits of Mazowe and Redwing.
“Namib Minerals is calling for coordinated action to ensure safe operations, protect surrounding communities, and deliver sustainable value to the nation,” it noted.
Namib Minerals recently rang the closing bell at Nasdaq, signalling its commitment to channel world-class investment into Zimbabwe’s mining industry.
Namib is a growth-focused African mining company with gold assets in Zimbabwe and strategic copper and cobalt exploration projects in the Democratic Republic of Congo.
Listed on Nasdaq in June 2025, Namib Minerals is committed to responsible mining, community engagement, and creating value for investors while supporting the global energy transition.
