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ZIMBABWE’S mining sector growth slowed down to 4.8% in 2023 from 10% in 2023 as weakening commodity prices continued to hurt the capital-intensive sector, latest figures from the Chamber of Mines of Zimbabwe have shown. Mining is the country’s top foreign currency earner, accounting for nearly 80% of export receipts. “During the period under review, […]

ZIMBABWE is one of the top five African countries reportedly smuggling gold to the United Arab Emirates (UAE), a new report shows. The report, titled On the Trail of African Gold: Quantifying Production and Trade to Combat Illicit Flows, was released by SWISSAID last week and looks at how Africa “is the world’s main gold-producing […]

In a significant move to harness the benefits of the green revolution, the Zimbabwean government has announced that construction for Phase 1 of the Mapinga Mines to Energy Industrial Park will commence in June. This initiative aims to enhance the beneficiation and value addition of the country’s mineral resources, particularly lithium. The Mapinga Mines to […]

A Chinese miner shot and killed one man and further inflicted gunshot wounds on another after a quarrel over a mining shaft in Zhombe, Midlands. Cai Yulong, 58, from Stone Still Mine 10, Marandure Farm, Zhombe appeared before a Kwekwe magistrate facing one count of murder, one of attempted murder and one of assault. He […]

ZIMBABWE’S mining industry is grappling with a severe crisis, as measures aimed at fighting deep price shocks have proven inadequate. The Chamber of Mines of Zimbabwe (the chamber) said in a report released this week that as a result of the headwinds, mines had further been pushed deeper into the swamps. Viability remained under threat, […]

Government is working on plugging mineral leakages in order protect the vital value chain in the mining sector and guarantee a sustainable supply chain, Mines and Mining Development Minister, Winston Chitando has said. It is estimated that over US$3bn worth of minerals are smuggled out of the country every year. Speaking at the Chamber of […]

ZIMBABWE’S mineral revenues are likely to drop by 4% to US$5 billion this year due to weak commodity prices among other challenges, Chamber of Mines Zimbabwe (CoMZ) president Thomas Gono said Thursday. The sector generated US$5,2 billion last year. “In the outlook for 2024, mineral output is expected to grow by a weighted average of […]

PLATINUM group metals (PGMs) producers will utilise excess capacity at Zimplats for toll treatment in a move set to grow the sector, a Cabinet minister has said. There are three PGMs producers in Zimbabwe, namely Zimplats, Mimosa and Unki. Officiating at the PGMs indaba in Victoria Falls on Wednesday, Mines and Mining Development minister Winston […]

The Reserve Bank of Zimbabwe (RBZ) governor, Dr. John Mushayavanhu, has said that despite the miners’ lobbying efforts, the central bank will not rescind its 25% surrender component for mineral export revenues because the foreign exchange is partly needed to fund government operations. Miners have been pushing for an upward review of the foreign currency […]

PRESIDENT Emmerson Mnangagwa yesterday challenged the mining industry to harness the power of technology and innovation to optimise their operations as well as enhance productivity. Officially opening the Chamber of Mines Zimbabwe 2024 annual mining conference in Victoria Falls, President Mnangagwa, who was represented by Mines minister Winston Chitando, said the mining sector should innovate. […]