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The Mines and Minerals Act (Chapter 21:05) (the Act) is the principal Act regulating the mining industry in Zimbabwe.  There are several regulations and other Acts that apply. In this article an overview is given of the Act. Space permitting specific issues or parts of the Act will be dealt with in future. Arrangement of […]

As global copper prices continue firming and demand of the commodity likely to surge on massive capital expenditure on the green projects, Zimbabwe has set sights on resuming copper production by 2023, a Cabinet minister said. While oil remain a key energy sector, analysts believe the use of copper will play a critical role in […]

VICTORIA Falls Stock Exchange (VFEX) listed company, Padenga Holdings Limited, has invested US$50 million in Eureka Gold Mine with the Guruve-based mining project set for opening this month. Eureka was forced to shut operations after running into viability problems two decades ago with capital shortages at the centre of the mine’s troubles. Through its gold […]

THE country’s gold output last month increased by 75 percent to 2,924 tonnes from 1,668 tonnes in May on the back of incentives availed by the Reserve Bank of Zimbabwe (RBZ). Latest statistics released by Fidelity Printers and Refiners (FPR), which is the country’s sole gold buyer, indicate that last month’s output was 107 percent […]

PLATINUM producer, Unki Mines, has invested US$48 million towards increasing its concentrator capacity, which is expected to boost output by 30 percent. General manager, Mr Walter Nemasasi, said the new concentrator was set for commissioning sometime in September. He was briefing the Minister of State for Presidential Affairs responsible for monitoring implementation of Government programmes, […]

The Zimbabwe Consolidated Diamond Company posted a profit of US$26,35 million on production of 151,3kg of diamonds for the first half of this year, with profits being just over 40 percent of the diamonds sold. According to a report to Parliament, the company made a profit of US$26 356 890 and states that it is […]

LEADING crocodilian skins and meat producer Padenga Holdings Limited has listed on the Victoria Falls Stock Exchange (VFEX) making it the second company to trade on the off-shore biased financial services centre. Finance and Economic Development Minister Professor Mthuli Ncube officially launched the VFEX in October last year, and Seed Co International became the first […]

LEADING diversified natural resources producer, Eurasian Resources Group Africa has started mobilising additional contractors and staff to undertake work on its Bokai platinum project in the lower region of the Great Dyke near Shurugwi. The developments come after the Ministry of Mines and Mining Development last month informed the company that its platinum mining concessions […]