News

SEVERAL arms of Government in the Midlands Province say they are ready to smoothen the way for the birth of the US$1 billion Mvuma steel plant expected to be commissioned next year. Set to be Africa’s biggest steel plant, the project will employ over 6 000 people. The ground-breaking ceremony, undertaken by a local subsidiary […]

Engineering firm, Baldmin Holdings, has diversified into gold mining following the successful acquisition of gold concessions in Chegutu and Kadoma. The company has also acquired a 30% shareholding in Chandiwana Mines which partly owns Zvishavane based gold producer, Sabi Gold Mine. Baldmin Holdings CEO Costa Takawira said the company has since splurged about US$2.8m on […]

ONE of the biggest gold producers in Zimbabwe, Kuvimba Mining House, is expected to be a key shareholder in Fidelity Printers and Refiners (FPR). FPR is a subsidiary of the Reserve Bank of Zimbabwe (RBZ). According to Finance Minister Mthuli Ncube, the government has agreed that 10 gold miners would buy 60% of FPR to […]

Zimbabwe should extend the platinum group metals (PGM) beneficiation deadline amid revelations miners are battling to sustain critical production levels, a leading research firm has warned. SFA (Oxford) Limited, which was engaged by the Platinum Producers Association to do an independent assessment, said platinum miners were scrambling to secure investments to maintain production profiles, meaning […]

Zimbabwe’s sole gold buyer, Fidelity Printers and Refiners (FPR) is cautious of reaching 27 tonnes of gold output this year due to the late interventions by the monetary authorities. Prior to the 5% incentives for those who deliver above 20 kilogrammes, removal of royalties and payment at the prevailing international gold prices rate, the gold […]