News

DARING illegal diamond miners operating in cahoots with senior security personnel are allegedly finding their way into the Chiadzwa diamond fields resplendent in Zimbabwe Consolidated Diamond Company (ZCDC) uniforms. This is usually being done during the ore blasting process and the panners make off with various amounts of ore as well as pieces of real […]

Government is in a fresh hunt for strategic partner to resuscitate operations at the defunct State-owned Zimbabwe Iron and Steel Company (Zisco). Over the years, the Redcliff-based steel manufacturing plant has been a subject of foreign investor interest with companies such as Essar Africa Holdings, a unit of India’s Essar Group having agreed to invest […]

OUTPUT at RioZim’s gem extraction associate Murowa Diamonds slipped to 579 000 carats during the year ended December 31, 2020 after Zimbabwe’s oldest operating diamond mining asset depleted high grade gems in 2019, the listed giant said on Friday, spelling out an exploration strategy to sustain production. RioZim, the multi-resource operation quoted on the Zimbabwe […]

THE Zimbabwe Diamond Allied Workers Union (Zidawu) has encouraged young miners to continue advocating for laws and policies that promote transparency and accountability, resource mobilisation and good governance as they work towards contributing to the targeted US$12 billion mining economy and an upper middle-class economy by 2030. Speaking at the Young Miners Foundation (YMF) minerals […]

Diversified mining group, RioZim has announced a 27 percent decline in gold production as some constraints at its linchpin Cam & Motor Mine affected 2020 output. The group’s gold production declined from 1,66 tonnes achieved in the prior year to 1,21 tonnes.   Of RioZim’s three gold mines, only Renco posted positive production numbers in FY2020. “Throughout […]

THE Victoria Falls Stock Exchange (VFEX) says it is working on a framework that will guide listing by small-scale mining companies at the foreign currency denominated bourse. The VFEX, which was officially launched last year, has said it expects more listings this year and is rolling out investment campaigns targeted at potential investors. SeedCo International […]

Justice Legal and Parliamentary Affairs Minister Ziyambi Ziyambi says he acted within the confines of the law when he removed Bekithemba Moyo from running the affairs of resources firm, Hwange Colliery Company Limited (HCCL). Moyo’s contract as administrator was terminated in October last year after a 2-year stint despite steering the resources firm into profitability […]

A sharp increase in the price of chrome ore in international markets, especially in China, has sparked a huge demand for chrome mining concessions in Zimbabwe, the Zimbabwe Miners Federation (ZMF) said this week. Chrome is an important base metal mainly used in the stainless-steel industry. China is the world’s biggest consumer of chrome. The […]