News

Zimbabwe should brace for a dry year as the coronavirus pandemic enters its deadliest phase yet, hitting the mining sector, one of the country’s leading forex earners, players in the mining sector warned this week. They project gold’s export receipts to fall further this year. Last year, earnings fell 16% to US$891.5m from US$1.064.5bn recorded […]

A NUMBER of investors from Israel have expressed interest in investing in Zimbabwe’s diamond sector, with some of them keen on setting up a massive cutting and polishing plant in the country. Under Government’s Economic Diplomacy thrust, President Mnangagwa appointed Mr Ronny Levi Musan as Honorary Consul to Israel and the envoy has already hit […]

CALEDONIA Mining Corporation Plc has secured exclusive rights to explore and acquire the mining claims in the gold-rich Connemara North area in Gweru as part of efforts to expand its operations. This comes after the company announced a similar arrangement at Glen Hume in the same district where airborne geophysics indicate attractive exploration targets. In […]

IGHT illegal diamond panners, among them two soldiers, reportedly fatally assaulted their colleague for allegedly swallowing the syndicate’s diamonds. The two soldiers are stationed in Chipinge. The suspects — Gift Gamunorwa (25), Samson Sazwe (29), Kudzanai Lazarus (30), Howard Tongai (32), Gift Mutowo (25), RegaiMukumbiri (25), Melusi Maseko (40) and Langton Ndlovu (27) — were […]

GOVERNMENT has banned the issuance of special mining grants in reserved areas, effectively shutting the door on prospecting in contentious areas. The announcement was made last week in an internal circular to provincial offices by the Mines ministry secretary Onesimo Moyo. He said the reserved areas are part of exclusive prospecting orders (EPOs) which are […]

International buyers and local players have established a cartel which is conniving to bleed the government of millions of dollars amid revelations there is rampant theft and illegal export of the country’s semi-precious metals, the Minerals Marketing Corporation of Zimbabwe (MMCZ) has said. The smuggling has jolted the government into action and there are now […]

Gold agent and Better Brands Jewellery (BBJ) founder Mr Scott Sakupwanya was named the most influential and innovative mining director by the Institute of Corporate Directors Zimbabwe (ICDZ) last week, while the Chartered Institute of Project Managers Zimbabwe (CIPMZ) recognised him as one of the top executives under 40. BBJ has delivered 850 kilogrammes of […]

A new mining venture, Kuvimba Mining House, which is majority-owned by the Government, will employ 20 000 workers in the short to medium term, as it ramps up investments in the mining sector in line with the renewed thrust to leverage on the sector to grow the economy. The Government holds 65 percent shareholding, while […]

New York Stock Exchange-listed resources firm, Caledonia Mining Corporation, is planning to expand its gold mining operations in Zimbabwe, undeterred by teething problems currently bedevilling the yellow metal sub-sector in the southern African country.  The total consideration is an initial payment of US$2.5m in cash, followed by a further payment of US$2.5m (payable in cash […]