Zim's Mining Sector Undergoes Transformation with ESG Standards: Chitando

Zimbabwe is revamping its regulatory framework to attract competitive investments and align its mining practices with international Environmental, Social, and Governance (ESG) standards.

This shift is driven by tightening global market expectations, particularly in the EU and US, where rules on conflict minerals and ethical sourcing are becoming more stringent.

Responding to questions during the ongoing Mine Entra Conference in Bulawayo, Mines and Mining Development Minister Winston Chitando said there is a surge in investment appetite.

"Zimbabwe is reforming its regulatory framework to ensure a competitive investment environment. The country is aligning its mining practices with Environmental, Social, and Governance (ESG) standards to meet international expectations, especially for exports of minerals such as gold and lithium," Chitando said.

"This is crucial as global markets - particularly the EU and US - tighten rules on conflict minerals and ethical sourcing. The newly gazetted Mines and Minerals Bill replaces the outdated 1961 Act and introduces reforms that directly support local content and community development."

On community rights and benefit-sharing, Chitando said the Bill defines and protects community rights, including protocols for land access and benefit-sharing agreements.

"There is also mandatory community investment where mining companies are required to contribute to local infrastructure, education, and health services, aligning with ESG standards. There is inclusive governance which involves a reconstituted Mining Affairs Board including representatives from small-scale miners, farmers, and professional bodies, ensuring regional and gender balance."

He added that the Bill also introduces a digital mining cadastre - a centralised digital registry that improves transparency and ensures mining rights are traceable to their beneficial owner.

Under this year's theme Beyond Extraction: Sustaining the Future of Mining, Chitando said Mine Entra 2025 should focus on integrating sustainability and innovation across the mining value chain.

"The event should move the industry forward through practical solutions and partnerships. This involves a critical shift towards integrating robust ESG principles, adopting green technologies and digital transformation for efficiency, and promoting economic diversification through local beneficiation and value addition."

"Ultimately, the conference will champion the development of a more sustainable, innovative, and collaborative mining sector that secures its social license to operate and creates lasting value for communities and the economy."

Chitando also encouraged exhibitors at Mine Entra 2025 to maximise the presence of regional and international investors and suppliers by leveraging networking platforms, showcasing innovation, and aligning with Zimbabwe’s mining priorities.

"Critically, success is sealed through diligent post-event follow-up, where prompt, personalised communication is essential to transform initial contacts into concrete deals and long-term relationships, ensuring the brief meetings at the exhibition yield tangible business outcomes," he said.

By embracing ESG standards and sustainable practices, Zimbabwe's mining sector aims to attract foreign investment, improve community relations, and contribute meaningfully to national economic development.