Mining is the biggest source of foreign exchange for Zimbabwe, which has the world’s largest platinum reserves after South Africa and also has chrome, and iron ore.
The government in this year raised or imposed taxes on everything from mines to water over the past 18 months to finance its budget, just as producers grapple with a plunge in metals prices. Gold and platinum account for over half of Zimbabwe's total mineral exports. Last year the country earned $2 billion from minerals. Government has designated mining, which accounts for 11 percent of the gross domestic product, to anchor growth in the medium term.
