News

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 […]

ARTISANAL and small-scale miners in Umguza District, Matabeleland North have raised concern over double pegging of mining claims. Speaking on the sidelines of the Umguza Miners Association revival meeting last week, the newly appointed Umguza Miners Association chairman, Mr Themba Tshuma said there has been a growing number of mining claims that have been double […]

MINE workers who were exposed to harmful substances and ended up contracting Silicosis or Tuberculosis at South African gold mines are set to receive compensation ranging from R10 000 to R500 000. This development comes after the High Court in Johannesburg approved the settlement in the Silicosis and Tuberculosis class action reached on 26 July 2019 […]

Resources group Caledonia Mining Corporation Plc says first quarter gold production at its local unit — Blanket Gold Mine came in slightly lower than same period last year due to flooding. The quarter under review is generally synonymous with rains which result in lower production due to flooding. During the first quarter to March 31, 2021, Blanket […]

CHINESE firm, BEIFA Investment (Pvt) Limited has petitioned the ruling Zanu PF party to rein in its shadow MP Reed Dube after he allegedly visited the disputed coal mine project in Dinde, Hwange, in a marked party vehicle and incited villagers to resist the company’s site mobilisation process. The developments came a few days after […]