Local

Gold miner Shamva Mine is targeting to produce 3 500 kilogrammes (kg) annually once fully developed.

The Zimbabwe Mining Development Corporation (ZMDC) is planning to reduce its shareholding in mining assets across the country as part of a privatisation drive.

ZMDC operates Sabi Gold Mine in Zvishavane, Jena Gold.

INVICTUS Energy, which is developing the Cabora Bassa oil and gas project in Muzarabani, has embarked on a recruitment drive targeting to employ 100 locals ahead of the firm’s seismic acquisition campaign.

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THE Reserve Bank of Zimbabwe (RBZ) says it now allows large-scale gold miners who deliver the yellow metal above the monthly average quantities to retain 80% of their forex earnings and directly.

ENERGY firm, Invictus Energy Limited (IEL) says its seismic contractor, Polaris Natural Resources Inc, for the Cabora Bassa Project has begun hiring staff to commence operations.

The Cabora Bassa Project started in late.

AUSTRALIA-LISTED mining group, Prospect Resources, has started lithium production at its newly developed Arcadia Mine under a pilot plant project.

The Arcadia lithium project is situated in Goromonzi near Harare. Prospect Resources recently.

Government policy is vital insofar as it permeates every aspect of daily life, therefore, how successfully policies are implemented is essential to the success of the economy.

Over the past week, Kuvimba Mining.

Better Brands Jewellery (BBJ), a local gold-buying agent, has delivered 1,39 tonnes of gold to Fidelity Printers and Refiners (FPR) so far this year, which eclipses cumulative deliveries by the small-scale mining.