News

PRESIDENT Emmerson Mnangagwa has ordered the return of a Chinese company, Afrochine, to prospect for coal in the Hwange National Park, barely eight months after the company was booted out after wildlife campaigners protested over “ecological degradation” of the park. According to a Government Gazette published on April 16, “the Mines and Mining Development minister, with the […]

EMPLOYEES of SMM Holdings, the parent company of Shabani and Gaths asbestos mines have made an application to Government seeking the removal of administrator Mr Afaras Gwaradzimba whom they claim continues to hold the office illegally. SMM, formerly owned by businessman Mutumwa Mawere was placed under reconstruction in terms of Presidential Powers (Temporary Measures) (Reconstruction […]

Anglo American Platinum’s local unit Unki Mine’s platinum group metals (PGM) production for the first quarter to March 31, 2021 rose 4 percent to 50 900 ounces compared to same period in the prior year despite Covid-19 related disruptions. Platinum output increased by 4 percent to 22 600 ounces while palladium rose by 2 percent to […]

SMM Holdings administrator Afaras Gwaradzimba allegedly sold land under the company’s mining leases, with the land set to be converted into residential stands. SMM, formerly owned by businessman Mr Mutumwa Mawere owns asbestos mines—Shabanie in Zvisvavane and Gaths in Mashava. Both mines ceased operations one and half decades ago due to lack of funding and […]

Zimbabwe’s multi-billion dollar mining sector has been granted the nod to pay part of their royalties, taxes and rural district council levies in local currency in a major boost for the capital intensive sector, Business Times can report. The sector contributes over 60% of the country’s export receipts which is used to oil the economy through the […]

Zimbabwe’s gold export receipts have spiked 15% to US$147.3m in February and March this year from US$128m recorded during the comparative period last year on the back of firming international gold prices, latest data has shown. The importation of United States dollars and raw materials have been much easier this year compared to same period […]

INVICTUS Energy has awarded Canadian firm Polaris Natural Resources a contract to undertake seismic survey (gathering earth vibrations) on its special grant in Muzarabani where it is exploring for oil and gas. The Australia-Stock-Exchange (ASX) listed firm will use the data gathered from the seismic survey programme to select sites on which oil and gas […]

ZIMBABWE’S gold deliveries declined to 3,97 tonnes during the first three months of 2021 from  5,72 tonnes during the comparable period last year after heavy rains swamped shafts and kept artisanal miners from work for prolonged periods. Following years of protracted droughts, Zimbabwe has just had a good rainfall which has resulted in a bumper […]

The Zimbabwe Stock Exchange listed firm wants to build a 2 800 megawatt (MW) power plant in Sengwa, Gokwe North, and has provisionally agreed a construction contract with Power China. But progress on the long-standing project is facing delays due to persistent demands by Chinese funders for a sovereign guarantee that ensures the loan is […]

A gold rush spawned by discovery of ore by a woman in Gokwe North District has seen more than 8 000 people descending on Tongogara community a fortnight ago to illegally extract the mineral.  Law enforcement agencies have since been deployed to maintain law and order after it emerged that the place had become not […]