News

Mining investment consortium, Chandiwana Mining Corporation, says it is constructing a processing plant at the Zvishavane-based Sabi Gold Mine as it moves to ramp up output. Chandiwana is the majority shareholder in Sabi Mine, holding 51% stake. It has the intention to increase its shareholding in the gold miner. Brian Chandiwana, the managing director of […]

Zimbabwe gold deliveries fell 17% to 1.668 tonnes in May 2021 from 2.015 tonnes achieved in the prior comparative period owing to unfavourable policies and smuggling. In April this year, gold deliveries declined 5% to 1.38 tonnes from 1.46 tonnes recorded in the same period in 2020. The only positive output was recorded in March […]

Revenue from Zimbabwe’s platinum sector is expected to exceed US$3bn by the end of next year, driven by new projects that are expected to take off at the end of this year and the beginning of 2022, Mines and Mining Development minister Winston Chitando has said. Revenues for the sub-sector have been hovering between US$1.5bn […]

The Reserve Bank of Zimbabwe (RBZ) has slashed small scale miners’ royalties and the cost of importing cash as part of efforts to improve gold deliveries to Fidelity Printers and Refiners (FPR) and stem the smuggling of the yellow metal. FPR is now buying gold at the prevailing international gold prices. Earlier this week, the […]

Mines and Mining Development Minister Winston Chitando says the Government’s target of building a US$12 billion mining industry was within sight, amid sustained production growth, and may be exceeded by the 2023 deadline. The mines minister said the mining industry target dovetailed into the Government’s vision, as espoused by President Mnangagwa, of transforming Zimbabwe into […]

A CAREFUL review of Bent Barber, the technical director at Invictus Energy’s presentation at the recent Chamber of Mines of Zimbabwe (CoMZ) annual general meeting (AGM) could easily send shivers down the spines of Zimbabweans expecting better fortunes should oil ooze out of the Zambezi Valley. In appealing for a bigger oilfield to explore for […]

A CHINESE coal mining company has allegedly started exploration for coal at a family cemetery in Dinde, Hwange, Matabeleland North province, in a move which has been condemned as disturbing, traumatising and unconstitutional by a local human rights advocacy group. The Beifa Investment (Pvt) Ltd coal mining project has caused an outcry among Dinde villagers […]

Mining giant, Kuvimba Mining House (KMH) has paid US$5,2 million dividend to its shareholders, including government, for the first time since its establishment a year ago. Government is the largest investor in the mining company, holding 21,5 % of the shares and it got US$1,7 million from the dividends. Other public shareholding companies include the […]

ZIMBABWE’S biggest car battery maker, Chloride Zimbabwe, says plans to draft lithium battery production technology into its operations have kicked off to prepare the firm for a future without petroleum-powered cars. General manager Kudzai Pasipanodya said for now, Chloride, a unit of the Zimbabwe Stock Exchange-listed ART Corporation, was planning for the long-term when lithium-battery-powered […]

MEMBERS of the security forces and Reserve Bank of Zimbabwe (RBZ) officials tasked to maintain order and security in the mining sector have been accused of the smuggling of the precious mineral outside the country, a new damning report shows. The revelations come at a time the government is struggling to contain gold smuggling amid […]