News

GOLD output surged by 29% during the nine months ended September 30, 2021 after robust international prices improved Zimbabwean producers’ cashflows, as fresh throughput from previously dormant assets started flowing into the market, official data showed this week. The data released by Fidelity Printers and Refiners (FPR) showed output rising to 18,9 tonnes during the […]

CHINESE miners, under pressure to end alleged human rights violations in Zimbabwe must be held to account for their transgressions, the Zimbabwe Environmental Law Association (Zela) says in a new book on Harare — Beijing economic ties. The book chronicles tear-jerking allegations of human rights violations and demands that the government immediately intervenes, failure of […]

A new cooling tower, cranes swinging above builders, and two giant boiler drums hoisted high above the construction site. These are parts of one of the crown jewels of Zimbabwe’s infrastructure projects, Hwange power station’s US$1.48 billion expansion. The 600MW project is the Zimbabwe government’s biggest coal-fired power investment in almost four decades. But now, […]

Indonesia is now overwhelmingly China’s biggest overseas supplier of coal, with shipments hitting a record last month after Beijing loosened curbs on imports to tackle its power crisis. Cargoes of coking, thermal and brown coal from the Southeast Asian nation surpassed 21 million tons in September, from just over 17-million tons in August, and now […]

President Emmerson Mnangagwa yesterday officially reopened Eureka Mine, Guruve’s biggest gold mine, disclosing that an investor, Dallaglio Investment, had poured in US$60 million to capitalise the mine which will create employment in Guruve. Eureka Mine, which employed over 400 workers at its peak, producing about 1,5 tonnes of gold per annum, had been idle for […]

ZIMBABWE’S state-owned power utility expects to complete the addition of coal-fired units next year, bucking a global trend to reduce reliance on fossil fuel. The $1.5 billion expansion by Zimbabwe Power Company and China’s Sinohydro will finish one unit next year in September and another in December, adding 600 megawatts. That’s intended to replace 920 […]