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ZIMBABWE’S mineral revenues are likely to drop by 4% to US$5 billion this year due to weak commodity prices among other challenges, Chamber of Mines Zimbabwe (CoMZ) president Thomas Gono said Thursday. The sector generated US$5,2 billion last year. “In the outlook for 2024, mineral output is expected to grow by a weighted average of […]

PLATINUM group metals (PGMs) producers will utilise excess capacity at Zimplats for toll treatment in a move set to grow the sector, a Cabinet minister has said. There are three PGMs producers in Zimbabwe, namely Zimplats, Mimosa and Unki. Officiating at the PGMs indaba in Victoria Falls on Wednesday, Mines and Mining Development minister Winston […]

The Reserve Bank of Zimbabwe (RBZ) governor, Dr. John Mushayavanhu, has said that despite the miners’ lobbying efforts, the central bank will not rescind its 25% surrender component for mineral export revenues because the foreign exchange is partly needed to fund government operations. Miners have been pushing for an upward review of the foreign currency […]

PRESIDENT Emmerson Mnangagwa yesterday challenged the mining industry to harness the power of technology and innovation to optimise their operations as well as enhance productivity. Officially opening the Chamber of Mines Zimbabwe 2024 annual mining conference in Victoria Falls, President Mnangagwa, who was represented by Mines minister Winston Chitando, said the mining sector should innovate. […]

THE energy transition agenda has put the mining industry under immense pressure, as it races to meet the escalating demand for critical minerals, president of the Chamber of Mines of Zimbabwe (CoMZ), Thomas Gono has said. Critical minerals are essential for powering the world’s transition to a low-carbon future. There have been calls for countries […]

A 37-YEAR-OLD man from Zhombe in the Midlands province is fighting for his life after a four-man gang stabbed him several times with Columbia knives in a dispute over gold. Midlands provincial police spokesperson Inspector Emmanuel Mahoko said the victim, Tichaona Chiremba, was admitted to Zhombe Mission Hospital. “A 37-year-old man was severely assaulted by […]

ZIMBABWE’S mineral output performance was mixed in the first quarter of this year, with gold, diamond and coal registering a decline compared to the same period last year, latest data shows. The Chamber of Mines of Zimbabwe (CoMZ)’s quarterly review for 2024 indicated that increases were noted in platinum group metals, lithium and ferrochrome. In […]

After the toughest year on record for Zimbabwe’s platinum producers, Alex Mhembere worked overtime to lift the mood at the Chamber of Mines annual meeting on Wednesday. “We are in winter,” said Mhembere, CEO of Zimplats, the country’s biggest platinum producer. Summer, he says, is now upon the industry. “Being in winter is what is […]

GOVERNMENT owned mining powerhouse, Kuvimba Mining Holdings (KMH) has bemoaned the continued decline of platinum group metals (PGM) price on the market indicating that their lithium and nickel side has been hugely affected. KMH acting Chief Executive Officer, Trevor Barnard the mining entity prides itself for having one of the top lithium producers in the […]