News

BARELY a year after the airing of a gold smuggling documentary, Zimbabwe finds itself in the spotlight for the wrong reasons again after it was ranked among the top five countries smuggling gold to the United Arab Emirates. A new report by SWISSAID alleged that 12 African countries are involved in smuggling more than 20 […]

PRESIDENT Emmerson Mnangagwa offered investors the vast minerals opportunities in Zimbabwe as he ups the ante in attracting the much-needed investment to spur the ailing economy. He was speaking at the inaugural 2024 Korea-Africa Summit which kicked off in Seoul on Tuesday to “expand economic ties and cooperation in supply chain and development with the […]

Gold miner Caledonia Mining Corporation has confirmed that it will develop the Bilboes sulphide gold project, in Zimbabwe, in a single phase instead of multiple phases as initially planned, and with a revised approach to the tailings storage facility (TSF). In a preliminary economic assessment (PEA) published on May 30, Caledonia and consultancy DRA Projects […]

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 […]