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By Godknows Hofisi HARARE – (Mining Index) – Corporate rescue is also known by other terms such as business rescue or judicial management. According to Section 121 of the Insolvency Act (Chapter 6:07), hereinafter (“the Act”) of 2018 corporate rescue means the proceedings to facilitate the rehabilitation of a company that is financially distressed. It […]

By Eben Mabunda HARARE (Mining Index) – IN October 2020, the Zimbabwean government tabled an ambitious policy document that aims to turn the mining sector in the country into a US$12 billion industry by 2023. The blue print targets gold output of US$4 billion per year with platinum coming in second at US$3 billion. Diamond […]

THE Zimbabwe Environmental Law Association (Zela) wants government and law enforcement agents to craft a clear roadmap with specific action to tackle gender-based violence in the mining sector. In a petition launched in Bulawayo on Tuesday for women in artisanal and small-scale mining at the on-going Zimbabwe Alternative Mining Indaba (ZAMI), Zela lamented discrimination and […]

Zimbabwe’s gold output in the first nine months of the year rose 29% to 18.89 tonnes from 14.65 tonnes reported in the prior comparative period owing to favourable policy measures put in place by the central bank. The measures included the 5% incentives for deliveries of at least 20kgs by small scale miners and the […]

ZIMBABWE’S only oil and gas operator, Invictus Energy Limited incurred a net loss of US$1,3 million for the year ended June 30, 2021, down 29% compared to the same period last year. For the year ended June 30, 2020, the company incurred a US$1,8 million loss. The Australian Securities Exchange-listed firm is exploring for oil […]