News

Zimbabwe is set to resume copper production next year more than 20 years after Mhangura Mine closed on falling international copper prices, Mines and Mining Development minister Winston Chitando has said. The government through its investment arm, Zimbabwe Mining Development Corporation (ZMDC), which controls Mhangura Copper Mines, Sanyati and Lomagundi Smelting and Mining, has been […]

VILLAGERS in the diamond-rich Chiadzwa area have embarked on fishery and irrigation projects to sustain their families after realising that diamonds revenue was eluding them. Over 250 families are participating in the projects in Mukwada village. The villagers are keeping tilapia fish and growing beans among other crops on a five-hectare piece of land under […]

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 […]