News

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 […]

REGIONAL mining group, Premier African Minerals has started drilling at its Zulu Lithium project in Matabeleland South province. Last month, the multi-commodity mining and natural resource development company, announced a placement of £1 million for the ongoing Definitive Feasibility Study (DFS) at Zulu. In a statement yesterday, Premier said drilling was underway at Zulu with […]

CONSTRUCTION of Afrochine Dinson Colliery’s coking coal and coke oven battery projects in Hwange under the first phase is now complete with the US$30 million investment creating 300 jobs.   In April, the company announced that it had started heating up its furnace in preparation for the start of metallurgical coke production.  The firm, a subsidiary of […]

The country’s sole buyer of gold, Fidelity Printers and Refiners (FPR) says authorities should introduce a tax moratorium on small scale miners to ramp up production as Zimbabwe eyes 100 tonnes of the yellow metal per annum by 2023. The country’s gold production has gone down to 2015 levels due to unfriendly mining policies which […]