News

LONDON-LISTED resources outfit Premier African Minerals will relocate part of its RHA Tungsten plant in 2024 due to an ownership dispute, which has hampered operations. Premier holds 49% interest in the Zimbabwe-based RHA Tungsten Mine, while the government of Zimbabwe, through the National Indigenisation and Economic Empowerment Fund (NIEEF), controls the remaining 51%. In May […]

CHEGUTU district is set to restore its citrus hub status underpinned by an out-grower programme for both commercial and communal farmers producing oranges, nartjies, grapefruit, lemons mandarins and other citrus produce. The envisaged project is expected to resuscitate citrus production in the district once famous for citrus produce before the agrarian reform programme, which saw […]

Mining revenues are expected to drop by 10% this year due to a global fall in commodity prices and persistent power cuts, according to a report by IH Securities. The sector generated US$5,2 billion last year. In its outlook for the sector, IH noted that the market was likely to experience continued volatility, persistent power […]

The Zimbabwe International Trade Fair Company (ZITF) wishes to inform exhibitors, visitors, buyers, delegates and all other stakeholders that the 27th edition of the mining, engineering and transport exhibition, Mine Entra, originally scheduled for July 17-19, 2024, in Bulawayo, has been postponed to a date yet to be confirmed. Consultations regarding suitable dates are underway […]

As Finance Minister Mthuli Ncube prepares his mid-term budget statement, miners are sounding alarm on the impact of government policy on an industry already bleeding from low metal prices. In an appeal to Ncube, the Chamber of Mines warns that large-scale miners may scale back production due to high costs and taxes, pleading for lower […]

AN Australia Stock Exchange (ASX)-listed company, MetalsGrove, whose initial exploration bid for Zimbabwe’s lithium came up short, announced that it will continue to pursue assets at the Beatrice and Arcturus sites, which are located near some of the region’s largest finds. In an update to shareholders, MetalsGrove shared results from its exploration efforts, stating that […]

CANADIAN-listed miners Pambili Natural Resources Corporation and Zephyr Minerals Limited are intensifying efforts to secure approvals from Zimbabwe for their gold and lithium operations. Last week, Pambili announced it had received approval to convert a 50-hectare milling site at Golden Valley Mine in Mashonaland West to five 10-hectare bullion claims. This follows Zephyr’s recent successful […]

Hwange Colliery Company Limited (HCCL) has been accused of cutting off electricity supplies to houses being occupied by over 300 of its former employees in a bid to force them to vacate the properties. HCCL started pushing for the evictions of its ex-workers in 2022 following a court order, but the former workers have been […]

THE Zimplats Mhondoro-Ngezi, Chegutu, Zvimba Community Share Ownership Trust (CSOT) has pumped US$100 000 this year alone into three rural development projects to transform marginalised communities. These include a piped water initiative at Neuso business centre, Gavhunga Primary School classroom block rehabilitation and the establishment of a clinic in Zvimba district. Minister of State for […]

The Zimbabwe Revenue Authority (Zimra) has just released its 2023 report, which shows how the decimation of the formal sector is hurting the government in the pocket. Here are some of the key takeaways from the report. VAT is Govt’s biggest source of income VAT is the single largest source of government income, accounting for […]