FINANCE Minister, Mthuli Ncube has ordered mining companies to pay 50% royalties through physical submission of the commodities in a move envisaged to strengthen exchange rate stability.
Delivering the 2023 National Budget, Ncube.
ZIMBABWE is on the verge of shattering a 30-year annual gold deliveries record of 35,1 tonnes set in 2018 after cumulative deliveries of 29,5 tonnes were recorded in the 10 months to.
A Bulawayo gold dealer Monday lost US$350,000 to two armed robbers who also took away his CCTV server and a gate remote.
Zimbabwe Republic Police (ZRP) spokesperson Paul Nyathi confirmed the incident.
“The ZRP.
INDEPENDENT oil and gas exploration company Invictus Energy has successfully deepened its Mukuyu-1 test well in Muzarabani to 3 923 metres, according to a statement released on Thursday.
It said it had encountered.
MINING house RioZim Limited (RioZim) says power supply challenges remain a key risk to the sustainability of its operations.
Despite the company putting in place diesel generators to lessen production stoppages, in its.
THE Chamber of Mines of Zimbabwe says it is engaging authorities to come up with mechanisms that can accommodate the foreign currency requirements for the sector as shortages are weighing down the.
Solar, wind, and other renewable energy sources (including biomass, geothermal, and hydropower) added more than 2,250 MW of new generating capacity each month during 2021.
That was according to the SUN DAY Campaign,.
THE Zimbabwe Electricity Transmission and Distribution Company (ZETDC) yesterday said electricity generation was depressed due to technical faults at Hwange and Kariba power stations.
The country of late has been experiencing rolling power.
ZAMBEZI Gas and Coal Mine says it requires more than US$2 billion to fund its capital expenditure (capex) requirements and expansion plans for 2023 and beyond.
Capital expenditures are funds used by a.
GOLD output at the Victoria Falls Stock Exchange listed outfit, Padenga Holdings Limited increased by 195% during the quarter to September, after throughput from Eureka mine started coming through, the firm said.
