News

SOUTH Africa’s Hawks, a specialised directorate for priority crime investigation, have arrested a Zimbabwean man for allegedly smuggling 23 pieces of gold worth R11 million into the neighbouring country. Tashinga Nyasha Masinire (33) was arrested on Saturday afternoon soon after landing at OR Tambo International Airport in Johannesburg. He appeared at the Kempton Park Regional […]

By Business Reporter – Monday 10 May 2021 HARARE (Mining Index) – ON NOVEMBER 15 2020, artisanal miners were buried alive in mine shafts by a Chinese company which was sub-contracted by a Belarusian mining company at Premier Estates on the outskirts of Mutare. Artisanal miners were suffocated to death after the pits they were […]

“I used to have several regrets, but I realised that some of the mistakes I made helped shape me to become the person I am today. If I had not made those mistakes, I would never have been in the position I am today. I leant from my mistakes and rose from them. I can […]

LITHIUM exploration underway at Fort Rixon, Matabeleland South is set to heighten Government’s measures of using the mining sector as leverage to reach its target of a US$12 billion economy in the extractive industry. The Government recently gave an Exclusive Prospecting Order (EPO) to mining giant Premier African Minerals to commence the exploration process on […]

Masvingo City’s only heavy industry,SIMBI, owned by Steelmakers is set to resume production in the ancient city mid this month in a move expected to spur economic activity in the country’s oldest town. SIMBI,an acronym for Sponge Iron Mining and Beneficiation Industries,had been mothballed since August 2019 after being choked by incessant water shortages coupled […]

A British company is ready to set up a £30 million solar plant in the country, British Ambassador to Zimbabwe Ms Melanie Robinson said yesterday. The investment by the British company is an indication that Zimbabwe has a conducive investment climate, which the Second Republic has been working on improving since 2017. Critically, the investment […]

THARISA, the Johannesburg Stock Exchange-listed platinum and chrome producer, has acquired Salene Chrome Zimbabwe for US$3 million as part of its growth strategy in the country. Salene Chrome is a low-lost property at development stage on the Great Dyke, which Tharisa believes can be brought to production quickly. Salene has special grants on the Great […]

THE Victoria Falls Stock Exchange (VFEX) recently made a call for contributions towards the crafting of a listing and trading framework for small-scale mining companies. In a bid to extend its product range, the exchange has identified the small-scale mining sector as a viable destination for investment. This is a notable development because if it […]