News

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 […]

FREDA Rebecca Gold Mine is seeking a High Court order to evict six families from company houses after their contracts were terminated. In the summons before the High Court, it was revealed that some of the families had been employed by the company since 2009. The affected workers are Misheck Mawema, who was engaged on […]

FIDELITY Printers and Refiners general manager Mr Fradreck Kunaka has left the country’s sole gold buyer and exporter following the expiry of his term. At present, Fidelity Printers and Refiners, which is a subsidiary of the Reserve Bank of Zimbabwe (RBZ) is undergoing restructuring to create two units whose mandates would be on gold refining […]

THE Zimbabwe Revenue Authority (Zimra) has started executing its recently added mandate of deducting mining royalties, through banking institutions, on behalf of Treasury. The tax authority said yesterday all mining entities and individuals should start complying with the new requirements for remitting mining royalties with effect from the 27th of last month. Payment of mining […]

PADENGA Holdings’ mining operation, Dallaglio will be the most immediate beneficiary of a planned listing on the underachieving Victoria Falls Stock Exchange (VFEX), Inter Horizon Securities (IHS) said at the weekend, giving the deal the thumps up. In a commentary released hours after, Padenga said it would seek a shareholder nod to de-list from the […]

Expressions of interest from potential investors in ZiscoSteel are now being adjudicated with the process due to be completed by the end of this month, Industry and Commerce Minister Dr Sekai Nzenza told Parliament last week. Two Chinese investors are now investing heavily in new steel mills and mines in other parts of the country, […]