News

Cabinet yesterday approved three joint venture agreements (JVAs) that were recommended by the Zimbabwe Investment and Development Agency (ZIDA), as more private firms partner Government in mutually beneficial investment projects. The three proposed joint ventures were presented to Cabinet yesterday by the Minister of Finance and Economic Development, Professor Mthuli Ncube. They are the proposed […]

The Hwange Thermal Power Station expansion project closed the first quarter at 62,54 percent from 58,29 completion at the beginning of the year after being negatively affected by interim payment certificate delays and the Covid-19 pandemic. The expansion programme entails the addition of Units 7 and 8 with each unit expected to generate 300MW. In […]

Zimbabwe’s ambitious value addition got a boost yesterday after Dinson Colliery Company had its successful first production of coking coal at its Hwange plant. The company, which is a subsidiary of Chinese global investor, Tsingshan Holding Group, plans to produce about 400 tonnes of coke per day in the near future to meet both local […]

Gold production declined over the past two years but miners remain optimistic of Zimbabwe’s potential to achieve its target of producing 100 tonnes yearly as challenges experienced by the sector can be overcome. Zimbabwe Chamber of Mines chief executive officer Mr Isaac Kwesu told the Portfolio Committee on Mines and Mining Development recently that gold […]

THE Zimbabwe Chamber of Mines Annual Mining Conference kicks off in Victoria Falls this week with President Mnangagwa expected to officiate at the event on Friday. According to the programme, the annual Indaba will effectively start on Thursday under the theme: “Navigating turbulent times — Sustaining growth of the mining industry beyond Covid-19.” A number of topics […]

The multimillion-dollar investment by Tsingshan Group — the largest steel manufacturer in the world — in an integrated steel project in Chivhu, Mashonaland East, is likely to be hugely transformative to the local economy in the medium to long term. From job creation, exports, enhanced foreign currency earnings to massive infrastructure development, the project is […]

Mineral output is forecast to rebound in the July to December period after production fell in the first quarter compared to the same period prior year. Mining is Zimbabwe’s largest foreign currency earner, accounting for over 70 percent of export receipts. Major exports include gold, platinum, chrome and diamond. Chamber of Mines of Zimbabwe (CoMZ) […]

ZANU-PF legislator for Silobela constituency, Mtokozisi Manoki Mpofu,  has engaged gold producer, Jena Mines over concerns raised by  the community. Some of the issues discussed at the meeting between Mpofu and Jena Mine  manager, Denton Chabayadzara, included the need for the mine to retain the current workers,  offer redundant claims to local community, provision of […]