News

ZAMBEZI Gas and Coal Mine is targeting to double production output to 200 000 tonnes from 100 000 tonnes per month while plans are underway to open an underground mine. The company has been awarded a licence to venture into energy generation with a 750MW power station on the cards. Zambezi Gas has grown to […]

The country’s anti-graft body, the Zimbabwe Anti-Corruption Commission (Zacc), is pushing for an extensive audit of international mining companies operating in Zimbabwe, following suspicion of tax evasion through under declaration of export receipts and looting. This, Zacc indicated, may constitute massive externalization, meaning the government could be losing millions of dollars in potential revenue. In […]

Prospect Resources Limited announcement on Friday of its plans to build a floatation pilot plant at Arcadia Mine near Harare to process bulk samples for its lithium markets globally, demonstrates more than just the progress the project is making. The lithium company is listed on the Australia stock exchange and is based in Perth but […]

By Business Reporter – Tuesday 17 November 2020 HARARE (Mining Index) – THE National Development Strategy 1 (NDS1), government’s economic blueprint running from 2021 to 2025 is set to expedite the formulation of Rare Earths Minerals Policy. Global demand for  rare earth elements (REEs) has grown significantly in recent years driven by the increased use […]

A crocodile skin and meat company investing in a gold mine drew a lot of side-eyes last year. But Padenga Holdings’ investment in Dallaglio is now looking like a case of good timing. Dallaglio, the new owners of Eureka Mine, have spent US$23 million on rehabilitating the operation. They plan to spend an additional US$26 […]

THE Government is committed to impart requisite technical skills needed in capacitating miners towards fulfilling their production obligations that will in turn spur the attainment of the US$12 billion mining sector milestone. This came up at a training workshop for miners that is being coordinated by the Minerals and Marketing Corporation of Zimbabwe (MMCZ) in […]

LISTED miner RioZim Limited has withdrawn its June and July cautionary statements in which it warned of the impact of delayed gold payments, saying engagements with the central bank over the matter have been fruitful. In June and July this year, RioZim said it was owed US$2,4 million and $65,5 million by Reserve Bank of […]

…..Payment delays cited…..Gold producers to dump Fidelity Printers Zimbabwe could have lost more than US$1.8bn in the first 10 months of the year largely due to gold smuggling triggered by payment delays for the yellow metal delivered to Fidelity Printers and Refiners (FPR) and other unfavourable mining policies, estimates show. Gold miners this week said […]