News

The value of Zimbabwe’s gold export receipts jumped by more than half to US$97.06m in April 2021 from US$63.42m reported in the same period last year due to improved bullion deliveries and firming prices on the international market. The relaxation of the Covid-19-induced lockdown and the end of the rainy season also contributed to an […]

ZESA’s debt to Hidroeléctrica de Cahora Bassa (HCB) rose to US$97 million last year, up from just over US$45 million in 2019, the Mozambican power supplier HCB says. Zimbabwe was the second largest debtor to HCB in 2020, after EDM, Mozambique’s power utility, according to HCB’s financial statements for 2020. HCB operates the Cabora Bassa […]

Government has set an ambitious target in which the mining sector will generate US$12bn annually by 2023. Mines and Mining Development minister Winston Chitando highlights the teething problems facing the sector and his plans to grow the multi-billion dollar industry. Below are excerpts of the interview: I know that you’ve been working in the private […]

Zimbabwe’s largest platinum miner, Zimplats, reported low output in the quarter to March 31, 2021  owing to the closure of operations at its Ngwarati Mine early this year. The mine was shut down after a portion of the high wall subsided, fatally injuring an employee. “As a result, tonnes mined, milled grade and process recoveries […]

CHINESE company Beifa Investments (Pvt) Ltd has broken its silence on the Dinde project in Hwange and absolved itself of wrongdoing after it was accused of pushing to displace villagers and desecrating graves. Recently, members of the Dinde community and local Zanu PF leadership staged a protest against the firm’s operations as villagers feared that […]

Invictus Energy says it is on course to begin a seismic campaign in Muzarabani this quarter, after the Australia Stock Exchange listed firm successfully raised requisite capital funding.  The company said in an update this week it had recently raised A$8 million (US$6,2 million) for the seismic campaign and mobilisation of long haul equipment ahead […]

IDELITY Printers and Refiners (FPR), a gold buying subsidiary of the Reserve Bank of Zimbabwe, is leaving no stone unturned in its battle to block the forfeiture of its Kwekwe gold mining claim over non-payment of statutory fees.  It has now turned to the Supreme Court seeking to overturn the recent High Court decision to […]

POLICE in Kwekwe last week arrested a notorious leader of a machete gang in connection with attempted murder and murder in the Midlands city. Cripwell Marandure (26), alias Tafadzwa of Mbizo in Kwekwe, allegedly leads a machete gang called Magrigamba, which is reportedly notorious for terrorising miners in Kadoma and Kwekwe. According to a police […]

Zimbabwe’s biggest platinum miner,  Zimplats said on Monday it recorded 24 Covid-19 cases among its  workforce in the first quarter of the year. In a quarterly update, the miner said another seven had been earlier infected, bringing the total to 31 since the onset of the pandemic in March last year. All the workers had […]

By Business Reporter – Monday 3 May 2021 HWANGE (Mining Index) – A LOCAL Hwange villager was last week allegedly burned by gas at South Mines, a Chinese mine situated in Hwange. More details to follow …..