Treasury chief professor Mthuli Ncube announced to Parliament that the government has found 10 gold companies that will have a majority shareholding in the country’s sole gold refinery, Fidelity Printers and Refiners (FPR). The sale of a 60% stake is valued at US$49 million, while the Reserve Bank of Zimbabwe (RBZ) will retain 40% ownership […]
By Business Reporter – Sunday 15 August 2021 ANALYSIS (Mining Index) – THE diamond industry is projected to contribute US$1 billion towards the targeted US$12 billion mining revenues annually by 2023. While Fidelity Printers and Refiners (FPR) has constantly made available gold production statistics both by Artisanal and Small-scale Miners (ASM) and primary producers, it […]
Zimbabwe has banned the export of raw chrome ore and concentrates to push for local refining. It’s not the first time, and the question is whether this old play will bring new results. Chrome producers are banned immediately from exporting raw chrome, while producers of chrome concentrates have a year to set up local refinery […]
By Lucy Tandi – Monday 14 June 2021 ANALYSIS – HARARE (Mining Index) – GENDER disparity in the mining sector is a legacy issue that has evolved for decades, continue today, potentially leading to an increase in women’s economic vulnerability. Challenges faced by women in extractives are neither unique nor new to the regional context, […]
African countries, Zimbabwe included, continue to be haunted by the “resource curse” over failure to use their mineral wealth to transform their economies. They are among resource-rich countries that have seemingly failed to leverage on mining through beneficiation and value addition. Value adding mineral resources involves processing them into semi-processed and processed form. Despite having […]
Mining is an important sector in the country. It is the biggest foreign currency earner and is one of the biggest employers. It also contributes a lot to community development as many towns have developed around mines while some companies are building roads, dams and other public infrastructure. Experts say most of the minerals that […]
By Business Reporter – Thursday 1 October 2020 ANALYSIS (Mining Index) – BUSINESS tycoon, Kudakwashe Tagwirei has in the past year acquired several mines, in gold and nickel, intensifying his footprint in Zimbabwe’s mining sector. The business mogul, through his company, Landela Mining Ventures, is listed among over 20 individuals and companies awarded with a […]
By Features Reporter – Monday 28 September 2020 ANALYSIS – HARARE (Mining Index) – HOW is the Zimbabwean mining sector operating with the absence of, and or with out-dated systems and policies? Below are some of the policies and systems the Ministry of Mines and Mining Development needs to urgently look into for efficiency and […]
ANALYSIS – By Simiso Mlevu – Wednesday 15 June 2020 HARARE (Mining Index) – THE Coronavirus has been described as one of the worst world pandemics of the 21st century. As of mid-June 2020, the pandemic has infected about 8.6 million people causing the death of 456k people around the globe. The pandemic has caused […]
By Features Reporter – Friday 3 July 2020 ANALYSIS – HARARE (Mining Index) – THE raging battle for gold mining claims amongst Artisanal and Small-scale Miners (ASM) and foreign small-scale miners has got miners and analysts querying, whether local miners should continue pursuing ownership of mining claims, amid accusations of corruption at the allocating authorities. […]
