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Gold miners want financial support through gold loans to boost Production of the yellow metal as the government targets an output of 100 tonnes by 2023. This comes after government has set an ambitious gold production target of 100 tonnes by 2023. Mines and Mining Development Minister Winston Chitando told the Chamber of Mines annual […]

THE Zimbabwe Coalition on Debt and Development (Zimcodd) has said government should expeditiously come up with a clear gold policy to curb illicit trade of the precious mineral. Finance minister Mthuli Ncube recently revealed that about US$1,5 billion worth of gold was smuggled in 2020. Zimcodd executive director Janet Zhou said government should come up […]

A CHIEF of the Mambo dynasty, Bekezela Nyathi is embroiled in a bitter wrangle over mineral claims for gold in Fort Rixon with a miner Blessed Ndiweni. The claims in question are at Car Rhom North 20 mine, which is located at Mount Royal Fort Farm, Fort Rixon in Matabelaland South. Ndiweni (the miner) at […]

THE Chamber of Mines of Zimbabwe (CoMZ) incoming president, Colin Chibafa said he was determined to work with authorities to tackle problems undermining growth in the sector. Chibafa, the Unki Mine chief finance officer, outlined his game plan as he took over the presidency from Mimosa Mining Company corporate affairs executive Elizabeth Nerwande in Victoria […]

PRESIDENT Emmerson Mnangagwa said time was running out for the mining sector, which has undertaken to ramp up output and increase annual forex revenues to US$12 billion. The industry currently generates about US$2 billion annually. Under a roadmap announced by Mines minister Winston Chitando about two years ago, most mineral volumes will rise after the […]

Gold mining companies have asked Government to facilitate access to loans needed to increase production and ensure the country achieves its targeted 100-tonne output by 2030. The metal is Zimbabwe’s second-biggest export earner after platinum. Both gold and platinum generate more than half the country’s exports. Mines and Mining Development Minister Winston Chitando told the […]

Government has placed priority on increased exploration of hydrocarbons (oil and gas), as part of strategies to drive progress towards US$12 billion industry target by 2023, Mines and Mining Development Minister Winston Chitando has said. But a mining legal expert, Mr Nicolas Bonnefoy, said the Government needed to expedite the process of completing an attractive […]

AUSTRALIA Stock Exchange-listed oil and gas explorer, Invictus Energy yesterday requested government to expand its exploration claims in Muzarabani by 10 times, marking another phase in the firm’s hunt for its first find in Zimbabwe. Invictus, which has already reported major milestones at the potentially lucrative project, said increasing its exploration fields would be key […]