News

Zimbabwe Electricity Supply Authority (ZESA) has disconnected the power supply from the defunct giant steel manufacturer, Ziscosteel, over a ZW$40 million debt. This comes only 2 weeks after Zesa threatened to switch off mining houses over a US$37 million legacy debt, which it blames for crippling the power utility’s operational efficiency. Yesterday, ZISCO group chief […]

THIS week, the government expressed confidence that it is on track to meet the US$12-billion mining sector economy target announced about two years ago. The announcements by both Mines and Mining Development minister, Winston Chitando and his deputy, Polite Kambamura gives confidence that recovery for the industry is in sight and investors are likely to […]

he Kimberley Process (KP) has elected Zimbabwe as the organization’s future leader — and the Civil Society Coalition has said it’s okay with that. The country, which has faced criticism for alleged human-rights abuses at mines, will take over as vice chair next year, the KP announced in a communiqué following last week’s annual plenary. […]

CHINESE granite miner Heijin, which is being accused of putting up a mining operation in Uzumba that is likely to displace villagers, has claimed that only six villagers will be displaced by its activities. This comes after government last month issued a notice to shut down its operations in Kaseke Village in Uzumba after villagers […]

KARO Resources, the firm that is establishing one of Zimbabwe’s biggest mines, has opened fresh talks with the government to ink a fair deal after reporting “very encouraging” exploration results, Deputy Minister of Mines and Mining Development Polite Kambamura revealed. Karo, which has links to mining tycoon Loucas Pouroulis, signed the US$4,2 billion transaction with […]

The Parliamentary Portfolio Committee on Mines and Mining Development on Monday said the current gold payment model threatens miners viability. Local miners are getting 60% foreign currency retention and are paid 40% in local currency for their gold deliveries to Fidelity Printers and Refiners (FPR). This payment model, the Portfolio Committee on Mines and Mining […]