News

A Chinese company, Prestige Massive (Pvt) Limited, is in the process of constructing a 1,200 MW coal-fired power and chrome smelting plant in Beitbridge. According to Newsday, the project is progressing, with abnormal load haulage delivery trucks bringing in equipment from various seaports to the plant site. At least 300 local villagers are currently employed […]

The Chinese-run Dinson Iron and Steel Company has dismissed claims that 19 workers were involved in fatal workplace-related accidents on the back of threats to institute legal proceedings against those peddling falsehoods. This follows viral news stories published by some platforms Monday alleging that a devastating industrial accident had occurred at the Chinese-owned plant in […]

The Zimbabwe Revenue Authority (Zimra) has seized three South African registered trucks after 91 tonnes of copper disguised as in transit goods were stolen at Chirundu Border Post. The company, Nashfreight and Transport Services, unsuccessfully approached the High Court seeking the release of the trucks. The company cited Zimra Commissioner and the Officer in Charge […]

Zimbabwe’s new central bank Governor John Mushayavanhu is building up the nation’s gold reserves to help support the ZiG currency, taking steps that have so far helped curb exchange-rate volatility and an inflation spiral. “In the 100 days that I have been in office we have increased those reserves by about 30%. We are now […]

THE Zimbabwe National Organisation of Associations and Residents Trust (ZNOART) has petitioned the government to reconsider the construction of a proposed cement plant by a Chinese firm in Hurungwe district, Mashonaland West, amid environmental and health concern fears. The proposed US$1 billion plant will be situated in Magunje. In a petition dated July 19 addressed […]

RESOURCES firm Kuvimba Mining House (KMH) is set to inject US$40 million into its gold operations, covering Freda Rebecca Gold Mine, Shamva Mine, and Jena Mines, in a strategic bid to ramp up production and optimise efficiency. The investment will bolster the gold cluster’s performance, according to Patrick Maseva-Shayawabaya, head of KMH’s gold cluster. “(In […]

AUSTRALIAN energy firm Invictus Energy Limited’s gas and oil exploration licence has been extended for three years, with the firm planning to apply for a production licence soon. Invictus launched its operations locally in 2018 to explore oil and gas after obtaining Special Grant (SG) 4571 and exclusive prospecting orders 1848/49 in the Muzarabani district, […]

Kuvimba Mining House says it has signed an agreement with a Chinese consortium to build a US$310 million lithium plant at Sandawana Mine, but the company is yet to name the new investors. A statement released Thursday by the company, which is owned by the sovereign wealth fund Mutapa, said it had signed “investment agreements […]

TWO Chinese nationals, who were recorded abusing locals suspected of stealing fuel from Makanga Mine in Bindura where one of them is a manager have been deported. A video of the two’s heinous act was widely circulated online leading to Zimbabwe Republic Police (ZRP) officers arresting them. In the video, the two unnamed Chinese nationals […]

THE Zimbabwe Republic Police (ZRP) has confirmed the impending arrest of two suspects, including a Chinese national, recorded torturing locals in Bindura over claims they had stolen some diesel. In an unqualified statement Wednesday, police hinted on the arrest of the pair. “Reference is made to a video which went viral on social media platforms […]