News

THERE is a need to come up with urgent lasting solutions towards addressing the problem of gold leakages, which continues to prejudice the economy of millions of dollars. The Parliamentary Portfolio Committee on Mines and Mineral Development has expressed this concern, as it called upon the Government and relevant stakeholders to harmonise strategies to curb […]

AT least 200 people are expected to be fully employed through the Alaska Copper and Smelting Mine which resumes operations this October. The mine closed down operations in 2000 which affected more than 700 workers and their families. The mine is set to be opened under the name Grand Sanyuan Copper Resources by a Chinese […]

Government says the establishment of the Victoria Falls Stock Exchange (VFEX), which the Treasury has sugar-coated with a coterie of attractive incentives, will help draw increased foreign direct investment (FDI) into the country.  Finance and Economic Development Minister Professor Mthuli Ncube said apart from the range of peculiar incentives for investors listed on the VFEX, […]

THE discovery of oil could pose a security threat to the country, which requires State security agencies to be always on high alert, President Emmerson Mnangagwa has said. Mnangagwa made the call during the Chamber of Mines of Zimbabwe annual general meeting in Victoria Falls on Friday, as Australia Stock Exchange-listed oil and gas exploration […]

Zimbabwe’s mining companies have started work on developing local content guidelines for the mining industry, which should boost industrial production and grow the economy through forward and backward linkages and cut imports. The move dovetails into the ongoing push by the Government to drive local procurement and production, which forms part of efforts to rebuild […]

Australia Stock Exchange listed  resources firm Prospect Resources says  construction works of its pilot plant at the Arcadia lithium project near Harare is now 92%  complete. President Emmerson Mnangagwa is expected to officially commission the first production run at the pilot plant in June this year, according to Prospect Resources. The company’s managing director, Sam […]

THE Chamber of Mines of Zimbabwe has elected new leadership to lead the organisation until next year amid calls for all mining stakeholders to embrace inclusiveness for the industry to realise the US$12 billion target by 2023. Mimosa Mines executive, Ms Elizabeth Nerwande, becomes the immediate past president of the Chamber of Mines and the […]

Mining companies expect an 11 percent growth output in the second half this year, after seeing production fall across key minerals in the first quarter, the Chamber of Mines of Zimbabwe (CoMZ) has said. Outgoing CoMZ president Elizabeth Nerwande told the miners Annual General Meeting (AGM) and conference in Victoria Falls last Friday that production […]

DIVERSIFIED mining group, Premier African Minerals, has made a placement of £1 million for the ongoing definitive feasibility study at the company’s Zulu Lithium project in Matabeleland South province. The lithium mine is one of the 25 projects that the Government  through general notice 328 of 2021, has granted Exclusive Prospecting Orders for a period […]

THE battle for control of a rich gold mine in Odzi near Mutare turned nasty last weekend after Zanu PF councillor Luxon Mawanga reportedly fired three gunshots as he tried to scare away his rival’s security guards. Mawanga, who leads Paari Mining Syndicate, is embroiled in a bitter ownership wrangle for the mine with Twin […]