News

Zimbabwe’s mining industry is engaged in discussions with the government over the punitive tax burden and retention levels, the Mines and Mining Development minister Winston Chitando has said. Miners have been pushing for an option to pay all taxes in local currency to enable companies to have sufficient foreign currency to meet operational and expansion […]

Rio Tinto on Thursday became the first major mining company to announce it was cutting all ties with Russian businesses, joining a raft of leading Western companies in a pullout following Moscow’s invasion of Ukraine. The global miner has previously said it has no operational assets or employees to pull out of Russia, or Ukraine, […]

A fight has erupted in the gold rich Mazowe area — 40km north of Harare where a group of farmers are reportedly disrupting operations at a mine. A long running attempt to have the alleged intruders at Zawadi Mining removed have drawn blanks as the provincial leadership in government and police are accused of failing […]

GOVERNMENT’S plans to dispose of its controlling stake in the country’s sole gold buyer Fidelity Printers and Refiners (FPR) is under scrutiny by some gold producing firms shortlisted for the US$49 million transaction, the Zimbabwe Independent can reveal. The gold buyer was offered to seven private entities that include Kuvimba Mining House. Major gold producers […]

A LEADING resources campaigner has claimed that Zimbabwe’s elite are reluctant to push through amendments to the Mines Act, a 60-year-old legislation that has outlived its usefulness. The Zimbabwe Coalition for Debt and Development (Zimcodd) added its voice to discontentment over delays in passing the 2015 Mines and Minerals Amendment Bill, saying politicians were benefiting […]