News

THE Minerals Marketing Corporation of Zimbabwe (MMCZ) is set to regulate domestic chrome ore sales following price distortions in the sector. According to Statutory Instrument (SI) 111 of 1983 — Minerals Marketing Corporation of Zimbabwe (Exemption) Regulation 1983 section 3, local chrome sales are exempt from regulation by the MMCZ. “However, in light of the […]

The Government has signed an MoU with Eagle Canyon International of Hong Kong and Pacific Goal Investment to develop an industrial park to process battery minerals such as lithium and nickel. The ambitious plan would cost at least US$2.8 billion. The park, to be located at Mapinga in Mashonaland West, would be home to lithium-salt […]

ZIMBABWE’S civic society organisations have raised fresh concerns over elevated plunder of the country’s resources by multinationals, and are pushing to close loopholes. During a crucial conference on resources last week, leading resource campaigners said they were also concerned that as clear pillage and plunder was taking place, government was pampering the same corporations with […]

NANOTECHNOLOGY Company, Sixth Innovations Inc. has entered into an agreement, which will see it deploying its IXOS® molecular imprinted polymer for extraction and purification of gold and silver at Penhalonga gold mine. Magnus Mineral Resources is a Zimbabwe-based company focused on acquisition, exploration, development, mining, processing, refining, metallurgy, trading and consultancy with extensive experience in […]

Anglo American Platinum’s unit in Zimbabwe has asked the high court to intervene in a bid by the nation’s tax authority to seize $24m in a dispute over royalties. Unki Mines, owned by Anglo American Platinum, lodged an urgent court application against the Zimbabwe Revenue Authority (Zimra), which has sought to garnish funds from the […]

THE Industrial Development Corporation (IDC) says it is targeting to produce 300 000 tonnes of lime to meet national and export requirements. IDC chairperson Winston Makamure said the country had enough deposits, adding that Rushinga district in Mashonaland Central province now has a fully-fledged plant. “We are producing 80 000 tonnes, but our current capacity […]

THE Zimbabwe Electricity Transmission and Distribution Company (ZETDC) says the current increased load shedding is due to depressed generation capacity at its power stations. According to generation statistics as of Wednesday, the Zimbabwe Power Company was producing 934 megawatts of electricity from its five power stations. Kariba had the highest output at 751 Megawatts, followed […]

Lafarge has completed the construction of a new mill that will double its cement manufacturing capacity – but it cannot use the new plant because it owes the supplier US$5.2 million. The new Vertical Cement Mill is part of a US$25 million investment in expansion by Lafarge, and will increase capacity from 450 000 tonnes […]

PPC Africa got a US$4.4 million dividend from its Zimbabwe operations in June, and says cement demand in the country remains solid despite three price increases this year. The country’s biggest cement company says 70% of its sales are now in US dollars. PPC raised its prices in US dollars by 5% in March, 2% […]