News

GOVERNMENT on Tuesday reverted to Zimbabwe dollar-denominated mining fees, only a week after Mines minister Winston Chitando made wide-ranging reviews based in United States dollars. Chitando’s move generally hiked mining fees by about 800%. But he courted a backlash from the Zimbabwe Miners Federation (ZMF), which consists of 1,5 million artisanal miners that have emerged […]

CAFCA, Zimbabwe’s sole cable manufacturer, says projects in mining, retail and utilities lifted its local sales volumes by 47% in the three months to December last year. Export volumes increased by 25% compared to the same quarter in the previous year. Cafca exports to Botswana, Mozambique, South Africa, Zambia and the Democratic Republic of Congo. […]

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. […]