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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 […]

Mineral output is projected to rebound in the second half of this year after production fell across the sector in the first quarter compared to the same period the prior year Mining is Zimbabwe’s single largest foreign currency earner, accounting for over 70 percent of export receipts. Major exports include gold, platinum, chrome and diamond. […]

Stainless steel manufacturer and parent company for Afrochine – Tsingshan Group’s continued investments in the country and latest project in Chivhu, will be a game changer for Mashonaland East Province and the whole country in the medium to long term. From job creation, exports and enhanced foreign currency earnings to massive infrastructure development projects, the […]

Stakeholders from across Zimbabwe’s mining industry meet in Victoria Falls starting today until Saturday, focussed on discussing issues troubling operators, strategies and policy proposals to optimise mineral production and value addition. President Mnangagwa, who declared Zimbabwe open for business since his administration took over the reins in November 2017, will headline the event and is […]

THE Zimbabwe Anti-Corruption Commission (Zacc) says it has started investigating the black granite mining industry in Mutoko following reports that local authorities were being paid peanuts in taxes by mining companies. Mutoko Rural District Council claims that it is getting a paltry US$1 per tonne of black granite mined from the area. This was revealed […]