News

ZIMBABWE’s largest resources group Kuvimba Mining House (KMH) has stockpiled 750 000 tonnes of raw lithium at a time prices of the strategic mineral are softening on the international market. Trading Economics, which tracks price trends of major commodities globally, attributes the decline in prices to a surplus of the “white gold” on the market […]

ZIMBABWE’s largest resource firm Kuvimba Mining House (KMH) is courting potential investment partners to establish platinum mining operations at its Great Dyke Investments (GDI) unit despite prices of the precious metal declining on the international market. The diversified mining group with assets ranging from gold to platinum snapped a 50% stake in GDI from Afromet […]

The mine saga involving Home Affairs and Cultural Heritage minister, who also is Zanu PF Mashonaland Central provincial chairperson, Kazembe Kazembe, has taken a new twist with former workers at Jumbo Mine in Mazowe, who are clamouring for a stake in the mine which closed almost a decade ago, approaching Vice-President Kembo Mohadi to intervene. […]

THE Chamber of Mines of Zimbabwe (CoMZ) will host a platinum group metals (PGMs) indaba during its 2024 annual mining conference, slated for Victoria Falls this month, to address the challenges affecting the sector. The PGMs industry is experiencing weak demand, low prices and increasing costs, affecting the viability of mining operations. The price decline […]

JUSTICE minister Ziyambi Ziyambi has appointed Harare lawyer Mutsa Remba as the administrator of Trojan Nickel Mine Limited which has been put under reconstruction amid lingering controversy over his mines which were state-owned ended up in private hands and now in under business rescue. Remba, of Dube, Manikai & Hwacha Legal Practitioners, will be deputised […]

VILLAGERS in the Seke area of Mashonaland East province are increasingly facing prosecution for resisting the operations of a granite rock mining company they accuse of destroying the environment. Tensions have been running high since Matscandnavia Investments (Private) Limited instituted the arrests of locals accused of trespassing areas pegged out for mine prospecting. The villagers […]

RioZim Limited, a publicly traded resource company, reported a wider loss in the 12 months ending December 31, 2023, amounting to ZWL$95.81bn from ZWL$20.04bn incurred in the previous year. Revenue for the miner stood at ZWL$216bn in the period under review from ZWL$ 20bn reported in the previous year. Board chairman, Saleem Beebeejaun, blamed worsening […]

AILING Kwekwe based ferrochrome producer, Zimbabwe Mining and Steel Company (ZIMASCO) has been issued with an ultimatum to abandon the illegal retrenchment exercise and to pay outstanding trade union dues or risk facing dire consequences. The miner reportedly compulsorily retrenched over 200 workers from its various subsidiaries around the country from the company’s operational centres […]

GOVERNMENT has deployed thirteen mobilization groups across the country in a bid to increase production of gold which is backing the recently introduced Zimbabwe Gold (ZiG) currency. Speaking at the first Gold Mobilization workshop, Minister of Mines and Mining Development, Winston Chitando said the government aims to boost the gold reserves and strengthen the ZiG’s […]