News

Delays in the proposed unbundling of Fidelity Printers and Refiners (FPR) has rattled investors who are now reluctant to fund gold projects without proper knowledge of the timelines of the privatisation processes, an executive with the company has warned. The delays have significantly contributed to the decrease in gold deliveries as investors are not happy […]

CALEDONIA Mining Corporation Plc says mineral reserves and resources have increased following a new study at Gwanda-based Blanket Gold Mine, its flagship operation. In a statement yesterday, Caledonia revealed that total proven and probable mineral reserves increased by 528 000 ounces. The report validates the company’s medium-term production profile targeting 80 000 ounces per annum […]

GOVERNMENT has successfully repossessed over 80 mining concessions under the “use-it or lose-it” policy and a formal announcement will be made in due course, Mines and Mining Development Minister Winston Chitando, has revealed. Last year, the Government announced that it was also looking forward to re-sizing some of the concessions with huge resource base and […]

THE Buy Zimbabwe Campaign is working on promoting local production of mining equipment to a minimum of 50 percent in the country and has called on players in the mining sector to join the campaign by playing their part in the economic revival and job creation drive. Buy Zimbabwe Campaign chairman Mr Munyaradzi Hwengwere said […]

MORE than 350 locals are set to be employed at a Chinese chrome smelting company that is being set up in Mashava, Masvingo while small-scale miners around the area are set to benefit from the new market. This was revealed during a tour of the US$70 million smelting company owned by Zimbabwe Zhongxin Smelting Company […]

HWANGE Colliery Company Limited (HCCL) is allegedly owing its employee housing fund nearly US$1,5 million after it failed to remit money deducted from the workers’ salaries, a development that has crippled the operations of the fund. However, company management has said the money owed is in local currency and not United States dollars. The Hwange […]

Padenga’s FY2020 numbers certainly appear to point to the group’s positive yields from its decision to diversify into gold production.  With the global crocodile skins market having been in a state of flux for a while now — a situation that has been exacerbated by the Covid-19 pandemic — the move to gold seems to be paying dividends.  According […]

GOVERNMENT expects the defunct Kamativi Tin Mine to be reopened as a lithium multi-element ore body operation by 2023. The Matabeleland North-based mine, which is wholly-owned by the Zimbabwe Mining Development Corporation (ZMDC), closed in 1994 due to the depressed international prices of tin. Speaking in an interview during a tour of Blanket Gold Mine […]