201 views
FEATURED
Mining Index Zimbabwe
- August 23, 2021
201 views 4 mins

Imara: Padenga’s VFEX listing was the wrong call, and it may ‘cannibalise’ ZSE

Padenga’s decision to list on the Victoria Falls Stock Exchange (VFEX) was a win for the new bourse and Finance Minister Mthuli Ncube’s incentive scheme, but the country’s biggest broker says it deprived local investors of a good stock and may lead an exodus from the Zimbabwe Stock Exchange (ZSE). The company became only the […]

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411 views
FEATURED
Mining Index Zimbabwe
- August 23, 2021
411 views 4 mins

Volvo buys world’s first fossil-free steel

The first fossil-free steel in the world has been delivered by Swedish steelmaker SSAB Oxelösund to its first customer, Volvo Group. The product was manufactured in northern Sweden, using the Hybrit technology, which was developed by SSAB in partnership with iron-ore miner LKAB and utility Vattenfall. The technology uses 100% fossil-free hydrogen instead of coal and […]

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241 views
FEATURED
Mining Index Zimbabwe
- August 23, 2021
241 views 2 mins

Chinese employer strangles worker

A CHINESE employer, He Chisheng Mike of Yakuts Investment in Matopo, Matabeleland South province, is accused of strangling his employee before dismissing him from work. Some of the workers told Southern Eye that they were terrified by the incident. They said Mike ran amok vandalising property before strangling Charles Muswaka. Muswaka said he reported the […]

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163 views
FEATURED
Mining Index Zimbabwe
- August 23, 2021
163 views 6 mins

Mavuradonha turf war rages on

A MAJOR turf war has erupted between more than 50 miners and the Muzarabani Rural District Council (MRDC) over access to rich chrome mining claims inside the Mavuradonha Wilderness. The miners, who include locals and foreign investors, accuse the local authority of denying them access to the claims even though they possess valid special mining […]

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244 views
FEATURED
Mining Index Zimbabwe
- August 22, 2021
244 views 4 mins

The US$12 billion mining sector curse

SHOCKING developments have rocked Zimbabwe’s mining sector lately. Swathes of mineral fields have been controversially parceled out to Chinese investors at a scale never seen before, even in colonial times. Chinese firms are scouring for minerals across the country, including in wildlife sanctuaries, over ancestral graveyards and on land reserved for rural settlements. Defenseless rural […]

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391 views
FEATURED
Mining Index Zimbabwe
- August 22, 2021
391 views 3 mins

Tanzania, Zimbabwe are main sources of Uganda’s gold – BoU

Unrefined gold imports from both Tanzania and Zimbabwe have pushed the two countries into becoming some of Uganda’s largest trade partners, according to data from Bank of Uganda. It is the first time trade between Uganda and Zimbabwe has stood out after decades of lukewarm postings, while the recent surge has elevated Tanzania as the […]

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427 views
FEATURED
Mining Index Zimbabwe
- August 22, 2021
427 views 4 mins

Zimbabwean Africa’s biggest steel plant ready for take off

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 […]

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298 views
FEATURED
Mining Index Zimbabwe
- August 22, 2021
298 views 2 mins

New Zambian Leader Could Unlock $2 Billion Mining Investment

Copper producers are ready to start expansion projects worth $2 billion in Zambia next year, if the industry can reach an agreement on royalties with president-elect Hakainde Hichilema’s new administration. Companies including First Quantum Minerals and EMR Capital are ready to raise funding for the projects, while other producers need to spend “hundreds of millions […]

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607 views
FEATURED
Mining Index Zimbabwe
- August 22, 2021
607 views 2 mins

Baldmin diversifies into gold mining

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 […]

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320 views
FEATURED
Mining Index Zimbabwe
- August 20, 2021
320 views 6 mins

Kuvimba Seizes Significant Stake In Fidelity Printers

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 […]

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