News

Gold deliveries to Fidelity Printers and Refiners (FPR) surged 45% to 25.36 tonnes in the 11 months to November 30 2021 from 17.44 tonnes delivered in the prior comparative period due to improved mining conditions and incentives. The current gold output of above 25 tonnes is the third highest national production level with a month […]

Weeks after Zimbabwe’s independence in 1980, British mining tycoon Algy Cluff hopped on a plane to Harare, keen to invest in the new economy. Soon after, his company Cluff Resources opened Freda Rebecca, which became the country’s biggest gold mine. Cluff Resources, in 1996, then sold the mine to Ashanti Goldfields, marking Cluff’s exit from […]

MINE workers unions are pushing for a US$600 salary per month similar to what their peers in neighbouring countries earn. Workers in the sector were recently awarded a 24,5% salary hike following collective bargaining negotiations. The increase will see the least paid employee earning $30 500. After statutory deductions such as the National Social Security […]

A LEADING resources watchdog has piled pressure on government to disclose the value of potential revenues it forfeits due to special tax incentives offered to attract investment. The Zimbabwe Environmental Law Association (Zela) said in a note analysing Caledonia Mining Corporation’s listing on the Victoria Falls Stock Exchange (VFEX) that it was concerned about the […]

BULAWAYO residents’ associations have called on government to deploy armed police to stop sand poaching activities in most residential areas. The residents’ associations said sand poachers were leaving pits that posed a danger to children. Bulawayo Progressive Residents Association chairperson Ambrose Sibindi said sand poachers were posing a serious environmental damage. “Government should deploy armed […]

The Zimbabwe Energy Regulatory Authority (ZERA) this week reviewed the price of liquefied petroleum gas (LPG), with the new retail price now set at US$2.14 or RTGS$222.95 in local currency per kilogram.