News

THE mining sector has been hit hard by the COVID-19 pandemic, which resulted in 2 000 workers being laid off in 2021, Zimbabwe Diamonds and Allied Mines Workers Union (ZDAMWU) secretary-general Justice Chinhema has said. ‘‘This is a very critical time for the working class as we are battling serious challenges afflicting our economy including […]

The country’s sole buyer and exporter of gold, Fidelity Printers and Refiners (FPR) says it will “soon” engage the Zimbabwe Revenue Authority (Zimra) over taxes charged on miners in a bid to attract small scale miners to sell on the formal market. Zimbabwe’s mining sector has high tax burden which discourages small scale miners to […]

Recent media reports of farm evictions and land ownership wrangles have alerted us once again to unresolved issues post-land reform. The crux of the matter is security of tenure. Security of tenure must play an important role in agricultural renewal. However, what constitutes “secure” tenure is contested. This is expected, not least because of differences […]

INVICTUS Energy has said it has opened fresh talks to beef up its war chest ahead of the planned drilling of its first test well at the Cahora Bassa operation in Zimbabwe. The announcement came through as the Australia Stock Exchange (ASX)-listed oil explorer requested the bourse’s permission to halt trading in its stock until […]

The growth of renewable energy capacity is forecast to accelerate in the next five years, accounting for about 95% of the increase in global power capacity through 2026, the most recent stats released by the International Energy Agency (IEA) predict. A global perspective Named Renewables 2021, the report released this December by the IEA is […]

HUAYOU, one of the world’s biggest companies in the battery metals business, last week announced a deal to buy Prospect Resources, which is developing a lithium mine in Zimbabwe. The deal will see the Chinese giant paying US$422 million for Prospect shares. Huayou is the world’s biggest producer of cobalt, a metal used in EV […]

By Lucy Tandi HARARE (Mining Index) – CHINA has in the past decade emerged as a key external investor in Zimbabwe’s mining sector. Under the Second Republic, Zimbabwe has embarked on a policy drive to attract Foreign Direct Investment (FDI) to power its economic recovery, stabilization, and growth with a view to becoming a Middle-Income […]

By Business Reporter MINERS’ representative body, the Chamber of Mines of Zimbabwe (CoMZ), has asked the government to charge taxes, royalties and for electricity bills among other statutory obligations in the Zimbabwean dollar (ZWL), saying paying in United States dollars (US$) is piling pressure on mining players’ operations. Economist Pardon Chitsuro told stakeholders attending the […]