News

CHINESE authorities have aggressively waded into the standoff between Beijing’s companies operating in Zimbabwe and the “superfluous” non-governmental organisations, boasting that without the world power’s investments, Harare would be “candle lit” and struggling without internet. China has emerged as the biggest source of investment into Zimbabwe since Harare’s diplomatic tiff with Western powers two decades […]

CHINESE mining company, Edsabri (Private) Limited, has been fined $520 000 by the Environmental Management Agency (Ema) for conducting gold mining activities at the Inyorka ranch in Matobo district, Matabeleland South province without an environmental impact assessment certificate. Ema provincial manager Decent Ndlovu confirmed the development yesterday, adding that the miner had been ordered to […]

Zimbabwe’s mining companies need over US$5bn to recapitalise their operation in 2022 to ramp up production and reach optimum levels, the Chamber of Mines of Zimbabwe has said. It is expected that when fully capitalised, Zimbabwe will reach the US$12bn mining industry target by next year. Zimbabwe has over 60 recognised mineral occurrences, which when […]

Zimbabwe’s gold exports rose 42% last year raking in US$1.7bn compared to US$1.2bn earned in the previous year on the back of increased output and firming prices, the central bank has said. “The country’s gold export receipts have gone up 42% to US$1.7bn during 2021 from US$1.2bn earned during 2020 due to improved gold output […]

INVICTUS Energy, the Australian firm that is exploring for oil and gas in north-eastern Zimbabwe, says it has made significant headway in the data processing phase of the project. The firm said it was expecting final data next month from Canadian firm, Earth Signal Processing (ESP), whose results would be crucial in determining the next […]

COAL company, Dinson Colliery in Hwange has embarked on a massive expansion drive that will see it producing more that 200 000 tonnes of coke, becoming the biggest coke producer in Africa. The company located in Hwange District has since established a 26 oven coke battery producing 150 000 tonnes per annum under its three […]