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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 […]

Zimbabwe’s ferrochrome miners, the nation’s biggest electricity consumers, have agreed to build their own power plants over the next two years as the government seeks to balance energy demand. Under the agreement, ferrochrome producers will in the meantime pay electricity tariffs that are little more than half the rate charged to other mining companies, according […]

The National Railways of Zimbabwe needs US$431 million for a rail link to the new Manhize steel plant, which has just started production. The plant, built by Tsingshan’s Dinson Iron and Steel Company near Chivhu, plans to produce up to 600,000 tonnes of steel in the first phase of operations. The first output will be […]

In a significant milestone for Zimbabwe’s mining sector, Dinson Iron and Steel Company (Disco) steel plant in Manhize near Mvuma on Wednesday afternoon successfully commenced pig iron production from its blast furnace. This event marks a historic moment in Zimbabwe’s journey toward industrial revitalization and economic recovery. The initiation of pig iron production at Dinson […]