News

Zimbabwe’s largest lithium miner, Bikita Minerals has upgraded its plant which will now be able to beneficiate its own lithium ore and that of other players in the country. The development comes at a time when Zimbabwe is being touted as a future major source of lithium. “The entire plant at Bikita is now dedicated […]

ZIMBABWE’S largest platinum miner, Zimplats became one of the earliest beneficiaries of the forex auction system introduced by the central bank last year after reducing exchange losses by US$5,5 million during the half year ended December 31, 2020. Zimplats’ financial statements showed the group recorded net foreign currency exchange losses of US$0,1 million compared to […]

ZIMBABWE is ripe for Middle Eastern investment in mining, agritech and financial technology, according to the chairman of CBZ Holdings, Zimbabwe’s biggest bank. Marc Holtzman, who is also chairman at the Bank of Kigali, says Middle Eastern investors are already present in Zimbabwe and Rwanda, with Dubai Ports having a strong presence in both countries. […]

The Chamber of Mines of Zimbabwe (CoMZ) is engaging the Reserve Bank of Zimbabwe (RBZ) with a view to finding a solution to challenges caused by the new foreign currency regulations announced by the central bank in the Monetary Policy Statement. Under the new foreign currency regulations, the exporters are no longer required to exhaust […]

Zimbabwe’s diamond sector is poised to “shine brighter” on the back of private capital coming on board to augment State operations. Government, through the Zimbabwe Consolidated Diamond Company (Pvt) Limited, is currently playing a near monopoly role in the production of diamonds in country. But with President Mnangagwa’s Zimbabwe’s open for business mantra, which seeks […]

Mine workers on Friday accepted a wage deal with mining firms, putting to rest what some industry players had feared negotiations could reach a deadlock. Union leaders told The Herald Finance & Business they accepted a 22,2 percent pay increase to be backdated to January this year. This will see the lowest paid worker earning […]

PLATINUM mining group, Implats, says it is undertaking feasibility studies to set up a fourth concentrator at Zimplats ahead of envisaged increased output from Bimha Mupani mine expansion projects. The Johannesburg Stock Exchange-listed group owns Zimbabwe’s largest platinum miner, Zimplats, which is based in Mashonaland West province. Implats chief operating officer, Mr Gerhard Potgieter, said […]

The Chamber of Mines of Zimbabwe (CoMZ) has acceded to mine workers’ request for an upward review of workers’ remuneration and awarded a 22 percent increment backdated to January. The increment will see the lowest paid mine worker earning $22 000 and will be effective from the first quarter of the year. The Associated Mine Workers […]