News

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, […]