The Minerals Marketing Corporation of Zimbabwe (MMCZ) has found new buyers for the country's minerals. It has started selling to Australia, China, Colombia, Burundi, and India, in addition to its usual markets in Europe and the Middle East.
MMCZ is the only company allowed to market and sell Zimbabwe's minerals, except for gold and silver. Minerals make up most of what Zimbabwe sells to other countries. They bring in about 83% of the nation's foreign cash.
From January to November 2024, Zimbabwe sold 21% more minerals than the same time the year before. It made $2.6 billion from selling 3.9 million tons of minerals.
Platinum made up half of those sales, lithium brought in $457 million, and a special type of chromium used to make steel earned $311.5 million.
MMCZ is also working to stop illegal mineral sales. It wants to help add value to the gemstones found in Zimbabwe.
As part of this, MMCZ opened a gemstone cutting and polishing school and invested in better mineral testing equipment for government labs.
MMCZ worked with a university to learn more about Zimbabwe's lithium, which will help the country make more money from it.
The company just chose a new general manager. Her name is Dr. Nomusa Moyo. She has worked at MMCZ for many years. The company thinks she will be a good leader.
Dr. Moyo has extensive education and experience. She has worked in government and business and knows a lot about running a company well.
MMCZ's chairman is confident about the future. He believes Dr. Moyo will help the company keep growing. She will work to create value for everyone involved in Zimbabwe's mineral business.
MMCZ is the only company allowed to market and sell Zimbabwe's minerals, except for gold and silver. Minerals make up most of what Zimbabwe sells to other countries. They bring in about 83% of the nation's foreign cash.
From January to November 2024, Zimbabwe sold 21% more minerals than the same time the year before. It made $2.6 billion from selling 3.9 million tons of minerals.
Platinum made up half of those sales, lithium brought in $457 million, and a special type of chromium used to make steel earned $311.5 million.
MMCZ is also working to stop illegal mineral sales. It wants to help add value to the gemstones found in Zimbabwe.
As part of this, MMCZ opened a gemstone cutting and polishing school and invested in better mineral testing equipment for government labs.
MMCZ worked with a university to learn more about Zimbabwe's lithium, which will help the country make more money from it.
The company just chose a new general manager. Her name is Dr. Nomusa Moyo. She has worked at MMCZ for many years. The company thinks she will be a good leader.
Dr. Moyo has extensive education and experience. She has worked in government and business and knows a lot about running a company well.
MMCZ's chairman is confident about the future. He believes Dr. Moyo will help the company keep growing. She will work to create value for everyone involved in Zimbabwe's mineral business.
