News

METALLON Gold has invested US$33 million in the reopening of Redwing Mine and deepening of How Mine in a fresh bid to resuscitate its business empire. The decision by the Mzee Khumalo-run entity to reinvest in the two mines follows the arrest of Redwing Mine judicial manager Cecil Madondo on fraud charges after he allegedly […]

The government is contemplating setting up a task force to investigate the continued fight for the control of Redwing Mine in Penhalonga, which is currently under receivership, Business Times can report. Although the mine is controlled by Metallon Corporation, the government is concerned by the fights for the control of the mine in Manicaland province amid revelations […]

EIGHTY-four percent of small and artisanal miners are not registered, their representative body has disclosed, which calls for efforts to formalise the operations in order to reduce the incidence of leakages. Zimbabwe Miners Federation (ZMF) chief executive Wellington Takavarasha, told a webinar on the status of the gold mining sector that only 16 percent of […]

MIDLANDS-based ferrochrome producer, Zimasco, is carrying out rehabilitation works at its West Plant, as it prepares to restart operations at the furnaces. The development comes after the expiry of a five-year lease agreement between the company and Portnex, who ceased operations in 2019. Portnex and Zimasco signed a lease deal in 2015 that saw the […]

China’s Tsingshan Holding Group is set to start developing an iron ore mine and a carbon steel plant in Zimbabwe from May, the African country’s information minister said late on Tuesday, three years after the firm first announced the investment deal. Tsingshan signed a US$1-billion outline agreement with Zimbabwe in June 2018 to build a […]

NDEPENDENT power producers (IPPs) are only feeding 135,8 megawatts (MW) into the national grid, about a decade since government started granting private players licences to produce electricity. According to a report released by the Parliamentary Portfolio Committee on Energy and Power Development, government has issued IPP licences that are enough to generate 6 858,65MW. The […]