News

The National Development Strategy 1 (NDS1), the Government’s newly announced economic blueprint covering the period 2021 to 2025, aims to drive the beneficiation of five key minerals during its five-year period in order to enhance socio-economic development. NDS1, which was launched by President Mnangagwa on Monday, last week, will target beneficiation of key minerals gold; […]

Listed mining company RioZim has won a Supreme Court battle with Zimbabwe’s military after one of its mines was forcibly taken over through a ministerial decree. Defence minister Oppah Muchinguri-Kashiri declared a portion of the company’s chrome mining concessions in the Darwendale area a military zone in 2018, before the military handed over the land […]

The Mining and Minerals bill is still in the drafting stage and in that process, all key stakeholders’ representatives have been involved, the Parliamentary Portfolio Committee on Mines and Mining Development is now looking forward to an all stakeholder conference that will broadly incorporate all stakeholders, the Committee chairperson Edmund Mkaratigwa has said. The Mines […]

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 […]