News

ZIMBABWE’S mining companies have lined up capital investment projects totalling US$455,8 million to boost production capacities despite operating in a challenging environment, an industry report shows. This significant investment demonstrates the industry’s commitment to expansion and development, experts say. In addition to these future projects, mining firms have already invested more than US$1,5 billion in […]

A COALITION of mining workers unions have petitioned the Labour ministry over alleged irregularities and corruption in the selection process for union representatives to the National Employment Council (NEC) committees. The unions claimed the process, which is mandated by law, was unfairly manipulated to exclude certain legitimate trade unions, thereby denying them a seat at […]

British resources company Contango has agreed to sell a 51% interest in the Muchesu coal project to Wencai Huo, a Zimbabwe-based Chinese investor with vast interests in mining. Contango, listed in London, started building the Muchesu plant in Binga in 2022. In May last year, the company produced its first coking coal, used to make […]

Cluff Africa signed a non-binding agreement with Zimbabwe’s sovereign wealth fund to develop a lithium mine in the southern African country. Cluff will be assigned a 45% share of licenses at Sandawana, founder Algy Cluff said in an emailed statement, without disclosing financial terms. Zimbabwe is seeking to attract investors after lithium prices steadied following […]

AT least 48 African leaders were in Seoul, South Korea, for the Korea-Africa Summit, one among many other such gatherings between the continent and big powers. AT least 48 African leaders were in Seoul, South Korea, for the Korea-Africa Summit, one among many other such gatherings between the continent and big powers. When it comes […]

ZIMBABWE has been listed among countries with the highest deposits of undeclared gold from artisanal smallholder miners, while the country is featuring on a list of 12 countries that are smuggling over 20 000 tonnes of gold per year. ZIMBABWE has been listed among countries with the highest deposits of undeclared gold from artisanal smallholder […]

Zimbabwe’s dwindling gold deliveries to Fidelity Gold Refinery (FGR) are being caused by undeclared bullion from artisanal and small-scale miners (ASM), according to a recently published report. According to the report produced by SWISSAID, an estimated 80% of ASM gold produced across Africa is not declared, translating to between 321 and 474 tonnes annually. The […]

FORMER Zanu PF Chegutu Member of Parliament, Dexter Nduna and two co-accused persons have been acquitted of charges of illegally prospecting for precious minerals without a licence or permit. The 54-year-old ex-lawmaker, former police superintendent Wonder Chisikwa now aged 55, and renowned gold miner, Tawanda Marufu now aged 37, had the charge, which carries a […]

Finance, Economic Development and Investment Promotion Minister, Professor Mthuli Ncube has scrapped the requirement for gold miners to pay 15 percent Value Added Tax (VAT) on the value of deliveries to Fidelity Gold Refiners. Zero-rated goods are products that are exempt from value-added taxation (VAT). Countries designate products as zero-rated because they are leading contributors […]