News

Government says the legal clarity needed to clear the misconception created as a result of an amendment to the Indigenisation and Economic Empowerment Act (Chapter 14:33) (IEE Act), will be effected when treasury issues the midterm budget review statement later in the year. The misconception, which led some quarters into concluding that Government was reneging […]

FIDELITY Printers and Refineries has been granted an interim order by the High Court, blocking hooligans that had invaded a gold mine it owned in the Midlands and reversing the forfeiture and reallocation of the mining claims as due process had not been followed. Fidelity, a subsidiary of the Reserve Bank of Zimbabwe, made an […]

The Zimbabwe Environmental Lawyers Association (Zela) has implored government to make a downward review of the recently hiked mining fees as most small-scale miners cannot afford them. In a statement, Zela said some small-scale miners were finding it difficult to afford the previous fees and the new fees would just increase their woes.Zela said the […]

Redwing Mine workers have lost confidence in the mine’s corporate rescue practitioner Dr Cecil Madondo, who is facing criminal charges, and want him immediately replaced. The workers have lost faith in Dr Madondo’s suitability to turnaround the company and protect their interests following his arrest just over two weeks ago on allegations of fraudulent conduct. […]

New mining laws and policies are needed to ensure communities benefit from their resources and to improve transparency in the sector, a Parliamentary committee has recommended. The report was presented to Parliament by the Portfolio Committee on Mines and Mining Development following a petition by the Zimbabwe Environmental Lawyers Association calling for the speedy review […]

A LOCAL company Zimvest Mining yesterday unveiled a new online marketplace connecting extractive industry players with investors and suppliers in a move seen transforming the mining industry. The website, which has already garnered views from around the world, provides a platform where assets can be advertised for potential investors to view and make first contact. […]

The Minister of Mines and Mining Development Hon Winston Chitando has in terms of section 403 of the Mines and Minerals Act [Chapter 21:05] raised mining fees by over 800 percent pegging the fees against the United States Dollar. An Ordinary prospecting licence that was previously pegged at RTGS$1000,00 has been raised to US$100,00 about […]

Chinese company, Tutu, will invest US$80 million in building a coke oven battery in Hwange as it targets export markets for coke products, it’s director Mr David Zou said yesterday. Tutu is a member of a group of Chinese companies, which also includes Chilota Collieries already mining fossil fuel in Hwange. Chilota produces coal for […]

Using his political muscle, the councillor had allegedly hired thugs to grab the mine from Twin Castle Resources last year, forcing the company to approach the Mines ministry for redress.GOVERNMENT has ordered a Zanu PF councillor in Mutare North constituency, Luckson Mawangato vacate a gold mine in Odzi that he had grabbed from Twin Castle […]