News

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 […]

MINERS have been urged to utilise mining opportunities present in the Matabeleland region and complement the country’s target to turn the mining sector into a US$12 billion industry by 2030. In an interview, Tandem Mining Consultants director and head of information and publicity department, Mr Leeroy Ncube said as an organisation that seeks to empower […]

ZIMCOKE Private Limited, whose deal with former steel giant, Ziscosteel, was terminated by the Government last year, is reportedly seeking compensation from the State for resources ‘wasted’ during their three-year stay at the plant. The company was set to take over a coke oven within the defunct Ziscosteel under a $255 million deal, which was […]

More than 3 500 jobs have been created since the establishment of Kuvimba Mining House last year. Government has a controlling stake in the mining company, which has assets in many parts of the country. Local contractors are benefiting through opportunities created by increased activity. Kuvimba has three operating gold mines — Freda Rebecca, Shamva […]

Two miners who are part of a gang of 40 that recently attacked neighbouring miners in Fort Rixon in a territorial dispute appeared in court on Tuesday facing charges of assault and attempted murder. Gibson Mansaka (47) owner of Cakewalk 8 mine at Pioneer Village in Fort Rixon and his employee, Confidence Sibelo (19) are […]

Kuvimba Mining House’s gold mining asset, Freda Rebecca Mine, has broken a 20-year production record after it churned out 300kg of the yellow metal in May this year alone, it has been learnt. This is the second time in the history of the firm that such a milestone has been scored as Government ramps up […]

The Government is crafting a strategy to improve gemstones production in the country as Zimbabwe seeks to benefit more from its mineral resources, a Cabinet minister has said. “In July, we will be laying out a gemstones development plan expected to improve gemstones production in Zimbabwe,” Mines and Mining Development Minister, Winston Chitando, said. Mines […]

Government has issued a six-month ultimatum to all granite mining companies to come up with a beneficiation plan or risk losing their trading licences. There are several mining companies extracting granite in Mutoko district in Mashonaland East and Mt Darwin district in Mashonaland Central Province. The mining companies, however, are exporting granite in its raw […]