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The ZANU PF-led Government has made considerable progress in delivering on developmental projects and other election promises outlined in its manifesto despite disruptions caused by the coronavirus pandemic, President Mnangagwa has said. In his keynote address to the first session of the 115th ZANU PF Central Committee in Harare yesterday, the President said one of […]

A 13-kilometre power line linking Zimbabwe Zhongxin Electrical Energy (Private) Limited’s new plant in Hwange and Zimbabwe Power Company (ZPC) is being installed in readiness to start feeding the initial 25MW of electricity into the national grid in the next two months. The imminent commencement of coal-fired power generation will be done under the 50MW […]

BETTER Brands Jewellery (BBJ) chief executive officer Mr Scott Sakupwanya has been elected as interim chairperson of the National Gold Buyers Association (NGBA) — a lobby group formed to champion the interests of gold agents and improve deliveries to Fidelity Printers and Refiners (FPR). Small-scale miners are expected to play a significant role in FPR. […]

By Business Reporter – Thursday 25 March 2021 HARARE (Mining Index) – THE National Gold Buyers Association (NGBA) has been formed. The National Gold Buyers Association is said to comprise of an eight member committee whose members are drawn from the provinces. The meeting to create NGBA was attended by licensed gold buyer across the […]

Zimbabwe miners say the increase in the export surrender requirement to 40% is hurting production, resulting in serious shortfalls as they battle to sustain operations in the capital intensive sector. The mining sector generates more than 60% of Zimbabwe’s foreign currency revenue. On January 7 this year, the central bank’s Monetary Policy Committee (MPC) increased […]

The Minerals Marketing Corporation of Zimbabwe (MMCZ) is offering a venture capital partnership to bidders willing to set up a diamond processing company. MMCZ plans to invest in a company that offers a return on investment within five years, according to a notice. Bids close on April 13. “In line with the corporation’s strategic initiatives […]

Invictus Energy, which is exploring for oil and gas in Muzarabani, has received firm commitments from investors to raise US$10,48 million (A$8 million), which the firm requires to fund exploration. The oil and gas exploration junior said the resources will be raised through a share placement to new and existing institutional as well as sophisticated […]