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THE Chamber of Mines of Zimbabwe (CoMZ) says investors must not be dissuaded by fears of a grave crisis looming ahead, as authorities struggle to find viable solutions to prolonged turbulences. In an interview earlier this week at Mine Entra, CoMZ president Colin Chibafa said while the southern African country was far from perfect, investors […]

Chengxin, the Shenzhen-listed company that has acquired lithium prospects in Zimbabwe, expects to spend US$130 million to develop the new Sabi Star mine in Buhera. The company, listed on the Shenzhen stock exchange, spent US$76.5 million last September to buy 51% of MaxMind, which held claims. The acquisition was the first of a series of […]

Caledonia Mining has agreed to buy Bilboes gold mine for US$53 million worth of stock, a deal that could increase Caledonia’s gold output by four times. Caledonia currently owns Blanket Mine and has stated its ambitions to buy more mines to increase the number of its assets. The new deal involves Bilboes getting 5,123,044 Caledonia […]

THE mining industry has called on President Emmerson Mnangagwa’s government to transform promises for major policy reforms into a binding legal commitment in order to reactivate investor interest into the sector. A four-page document, which was dispatched to Finance and Economic Development minister Mthuli Ncube by the Chamber of Mines of Zimbabwe (CoMZ) last week […]

Mine workers want another salary increment as their recent salary hike has since been eroded by runaway inflation and the rising cost of living. In May this year, the Associated Mine Workers Union of Zimbabwe (AMWUZ), the National Employment Council (NEC) of the mining industry and the Chamber of Mines of Zimbabwe agreed on a […]

The Zimbabwean government instituted Statutory Instrument 127 of 2022 which effectively bans the export of raw granite unless authorised by the Minister of Mines. However, the law exempts exports to continue indefinitely for pre-existing valid contracts. Granite is a metamorphic rock that is typically used in construction as a hard surface. It is cut into […]

INTERNAL squabbles within the government have reportedly pushed out Mines and Mining Development permanent secretary Onesmo Mazai Moyo who announced his departure last week. In a management meeting held on Tuesday, Moyo announced his departure from the ministry after serving for four years since his appointment in 2018. Before he became a permanent secretary, Moyo […]

Government of Zimbabwe has identified land to resettle communities living around swathes of platinum fields in Mhondoro district which will soon be exploited by Karo Resources. In an interview, Mines and Mining Development deputy minister, Polite Kambamura could not disclose how many villagers would be resettled. But he said along with progress in relocation plans, […]

GOLD production at Victoria Falls Stock-Exchange (VFEX)-listed Caledonia Mining Corporation Plc increased by 29% to 38 606 ounces in the first half of this year compared to the same period last year. Last year in the first half, gold production stood at 29 907 ounces. Caledonia, which is also listed on the New York Stock […]

POWER utility Zesa Holdings is in discussions with its Zambian counterpart, Zesco for importation of 100 megawatts of electricity to supplement local production. According to Zesco board chairman Vickson Ncube, for Zesa to enjoy the facility, it has to pay monthly deposits of US$6,3 million. “As Zesco, we have been on the path of strategic […]