News

THE Minerals Marketing Corporation of Zimbabwe (MMCZ) says export revenues from the country’s resources, excluding gold could reach US$3,2 billion this year, after surpassing 2021 targets in only eight months. MMCZ general manager Tongai Muzenda said this at the just-ended the Zimbabwe International Trade Fair that revenues from the sector, excluding gold, hit US$2,4 billion […]

CHINESE mining company, Heijin, has reportedly told villagers in Kaseke, Uzumba district, that they have no capacity to stop their eviction to pave way for granite stone mining as they have no title deeds to the disputed communal land. Chief Nyajina last Wednesday told a high-powered government delegation tasked to resolve the land dispute that […]

The judicial manager of Metallon Gold Corporation’s Mazowe Goldfields in Mashonaland Central has deferred the decision to reopen the mine due to the huge amount required to restart underground operations and destruction done by illegal miners, it has emerged. Mazowe Mine was placed under receivership in 2019 following an application by the Associated Mine Workers […]

Dual-listed Caledonia Mining has entered into an agreement to purchase the mining claims over the Maligreen project, a property situated in the Gweru mining district of Zimbabwe, from privately-owned Pan African Mining, for $4-million in cash. Caledonia notes that Maligreen is a substantial brownfield exploration opportunity with significant historical exploration and evaluation work having been […]

A fierce fight over the choice of a partner in the proposed diamond value addition project has erupted between State-owned diamond miner, the Zimbabwe Consolidated Diamond Company (ZCDC), and Minerals Marketing Corporation of Zimbabwe (MMCZ). Under the deal, which was approved by Cabinet, a venture capital agreement would be signed between the partner and MMCZ, […]

UNTAPPED natural gas and vast renewable resources present business opportunities for investors from across the world to come to Zimbabwe and do business while the country is modernising despite setbacks caused by Covid-19, natural disasters and the illegal economic sanctions. While virtually addressing the United Nations General Assembly’s second annual Sustainable Development Goals (SDGs) Moment […]

TOP government and Zanu-PF officials on Tuesday descended on Kaseke Village, Uzumba, on a fact-finding mission after a Chinese mining company reportedly took over an entire village to extract black granite. The delegation included Local Government minister July Moyo, Mashonaland East Provincial Affairs minister Aplonia Munzverengwi, Mines deputy minister Polite Kambamura, Zanu-PF acting Mashonaland East […]