News

By Business Reporter – Saturday 4 September 2021 HARARE – HARARE (Mining Index) – MINE workers are threatening a crippling job action across the country over poor salaries they are currently receiving which they argue is not only below the poverty datum line but has also been eroded by inflation. In a statement the Zimbabwe […]

A Chinese mining company, Heijin, is pushing to evict hundreds of villagers in Murehwa, Mashonaland East province, after it was given a special mining grant to extract black granite on densely populated land covering 300 hectares, the Zimbabwe Independent can exclusively reveal. This comes at a time Chinese companies are frenziedly descending on the province, […]

HUNDREDS of Chivhu villagers are set to be evicted from their ancestral land to pave way for a 12 000-hectare iron and steel mining project by a Chinese company, Tsingshan Group Holdings. Majority of the residents who are set to lose their homes are in ward 7 in Chikomba district where Dinson Iron and Steel […]

GOVERNMENT says several mining firms have indicated plans to list on Zimbabwe’s year-old bourse, the Victoria Falls Stock Exchange (VFEX). VFEX, which exclusively trades in foreign currency, has largely disappointed, having secured only two listings since its inception. These are Seed Co International, which listed last year, and crocodiles producer, Padenga Holdings, which joined a […]

Zimplats spent US$159.1 million on capital projects over the past year, and has laid out an even bigger budget on an expansion programme to grow platinum output. In the year to June, revenue grew by 56% to US$1.4 billion, as Zimplats benefited from firmer world platinum prices. As a result, profit after tax increased to […]