News

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 […]

Government wants Zimbabwe’s ferrochrome producers, the heaviest consumers of energy, to produce their own power within the next two years and relieve pressure on the grid. Energy Minister Edgar Moyo says power demand from the mining sector has now risen to 2,600MW as the industry expands and new projects come on stream. This is more […]

NATURAL resources watchdog, Centre for Natural Resource Governance (CNRG) has called for risk management in mining as accidents continue to be a “scourge” in the sector. This comes as the beginning of the year saw 15 artisanal miners getting trapped at the Redwing Mine in Penhalonga, near Mutare, after a shaft collapsed during underground mining […]

ZIMBABWE and South Africa could be headed for another diplomatic showdown over approximately 1,7 million hectares of mining claims jointly owned by the National Railways of Zimbabwe (NRZ) and sister companies in the neighbouring country and Zambia. Appearing before the joint parliamentary committees on Foreign Affairs and International Trade and Transport and Infrastructural Development yesterday, […]