export revenues
Coverage of export revenues in the Nexus archive.
- Zimbabwe gold miner plans to double annual output
Zimbabwe’s state-owned gold miner Mutapa Gold Resources aims to double annual production to 220,000 ounces by 2029. The company secured $75 million from Zimbabwean banks to boost output, with additional funding expected from foreign lenders. Gold accounted for nearly half of Zimbabwe’s $9.7 billion export revenues last year, and Harare earned $1.2 billion from gold in January-April 2024, more than double the same period in 2025.
- Russia’s oil exports hit wartime high
Russia’s crude oil exports averaged 3.46 million barrels a day last month, a wartime high since the 2022 Ukraine invasion. Ukrainian drone strikes on refineries and terminals halted exports of gasoline and jet fuel, increasing crude oil sales amid rising prices, though upstream production is declining and the government faces compensation costs for refinery owners.