News

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 […]

CIVIL society groups have expressed concern over Chinese business operations, saying they were causing unnecessary displacements and damaging the country’s ecologically sensitive sites. In a statement yesterday, the groups under the Centre for Natural Resources Governance banner, said: “We seek to register our deep concern with the behaviour of Chinese business operations in Zimbabwe. Zimbabwe […]

The Zimbabwean unit of Impala Platinum has been granted licences to generate its own power.  This is as companies are trying to cushion their operations from the country’s power supply woes. Zimbabwe does not generate enough power to meet demand and has often relied on imports from neighbouring South Africa and Mozambique. Zimplats, the Zimbabwean unit […]