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By Eben Mabunda Gold prices declined on Tuesday January 18, pulled by a firming dollar and higher US Treasury yields, as investors braced for indications on interest rate hike timelines meant to tame inflation, ahead of next week’s Federal Reserve policy meeting (Jan 25-26). This saw spot gold weakening 0,1% to $1 816,93 per ounce […]

ZIMBABWE’S mining industry is projecting a significant increase in production this year despite battling Covid-19 related challenges that have been afflicting the sector for the past two years. According to the Chamber of Mines of Zimbabwe (CMZ), major increases in production this year are expected in diamonds, coal, gold and chrome. The latest CMZ report […]

Former Wenela workers have continued to engage South Africa over terminal benefits and called for a memorandum of understanding between the South African government and Zimbabwe. The former Wenela workers were exposed to harmful substances, which resulted in some of them contracting silicosis of their liver or tuberculosis during the time they worked at South […]

THE Zimbabwe Miners Federation (ZMF) has engaged the Zimbabwe Energy and Regulatory Authority over increased power cuts which are affecting their operations. ZMF chief executive officer Wellington Takavafira told NewsDay Weekender that the power cuts lasting several hours were affecting their day-to-day operations. “The power cuts, blackouts and load-shedding have greatly impacted negatively in terms […]

CHINA’S usually quiet multinationals, controlling substantial interests in Zimbabwe’s economy, threw away courtesy and diplomacy on Sunday, standing up to rebuff “deplorable and groundless accusations” made by the civil society. Twenty-seven Zimbabwean civic society organisations courted the Chinese firms’ ire after piling a raft of accusations, such as fuelling extensive economic inequalities in the southern […]

YET another Chinese miner, Monalof, is embroiled in a bitter wrangle with villagers in Binga who are resisting is bid to evict them from their ancestral lands. The villagers were recently given a three months’ notice to vacate their homes and pave way for the establishment of a coal mine by Monalof. This was revealed […]

Gold producer RioZim could join the Victoria Falls Stock Exchange (VFEX), where miners are attracted by tax breaks offered for listing on the USD-denominated market. A VFEX listing could ease part of RioZim’s problems, but not all of them. RioZim is “seriously considering all options available to it under the legal framework of the country […]

Gold producer RioZim could join the Victoria Falls Stock Exchange (VFEX), where miners are attracted by tax breaks offered for listing on the USD-denominated market. But a VFEX listing could ease part of RioZim’s problems, but not all of them. RioZim is “seriously considering all options available to it under the legal framework of the […]