News

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 […]

Zimbabwe sold more minerals in the first half of the year through the state marketing agency, but earned less for the exports, reflecting the impact of lower metal prices on world markets. The Minerals Marketing Corporation of Zimbabwe (MMCZ), which markets all minerals except for gold and silver, reports that it sold 1.9 million tonnes […]

The Zimbabwe Mining Law Masterclass emerges as a response to the regulatory landscape of Zimbabwe’s mining sector, which stands as a pivotal pillar of the nation’s economy. With abundant mineral resources ranging from gold and platinum to diamonds and coal, Zimbabwe holds immense potential for both local and international investors. However, harnessing this potential requires […]

Cabinet has approved the proposed partnership between the Mining Promotion Corporation (MPC) and Prospect Brooke Resources (PVT)Ltd to carry out exploration and mine development in Goromonzi, Mashonaland East Province. MPC is a state owned enterprise that conducts mineral exploration and development for national strategic minerals. Prospect Brooke Resources is a Zimbabwean based private company. Speaking […]