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PRESIDENT Emmerson Mnangagwa last week officially commissioned the Kamativi Mine Spodumene Processing Plant. Spodumene is an ore that contains lithium. After shutting down in 1994 due to a drop in tin prices, the mine has reopened as a lithium mine. Over 1000 people, with most drawn from the local community, are employed at the mine. […]

Zimbabwe’s extractives industry holds the highest import bill, Junior Chamber of Miners Zimbabwe (JCMZ) president Brian Samuriwo revealed during a general meeting held last week in Gweru. JMCZ is a chamber of medium scale miners with a shared vision to grow and mine professional, working in collaboration with Zimbabwe School of Mines (ZSM) on issues […]

Aim- and NYSE-listed Caledonia Mining has announced that James Mufara has agreed to join the group as COO with effect from May 1, following the departure of Dana Roets from the business on February 29. Mufara previously worked for Harmony Gold Mining Company, where, as regional GM, he headed a complex portfolio of operations consisting […]

Recently, nine graves of victims who lost their lives in a mineshaft collapse during the late 1940s in Penhalonga were exhumed. Their remains were subsequently reburied at Tsvingwe Cemetery, clearing the path for new mining operations. As reported by the Manica Post, the exhumation occurred on a Wednesday. Chief Mutasa and various government officials, including acting […]

Demand for Platinum Group of Metals (PGMs) went down owing to increased substitution in the automotive and glass industries, favouring alternative metals over palladium and rhodium. “As a result, exports of PGMs witnessed a substantial decline of 36.9%, in value terms, from US$2.2 billion in 2022 to US$1.4 billion in 2023,” said Dr John Mushayavanhu, Reserve […]

Economist Gift Mugano remains steadfast in his assertion that the gold held by the Reserve Bank of Zimbabwe (RBZ) is inadequate to support the newly introduced structured currency, ZiG, even in light of anticipated forex inflows from exports, diaspora remittances, and credit, among other sources. Governor John Mushayavanhu, on Thursday, April 4th, stated that the country possesses 2.5 tonnes of […]

ZIMBABWE’s gold deliveries FY2023 plunged 14.7 percent from 35 280.1 kg delivered in 2022 to 30 106.7 kg in 2023. Presenting the 2024 Monetary Policy Statement (MPS), Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mushayavanhu said while gold exports benefitted from higher global prices amid safe-haven demand, they were weighed down by the more significant […]

The Zimbabwean lithium industry has witnessed significant capital investments due to the global transition to clean energy. Lithium plays a crucial role in driving the energy transition and the mining industry’s significance in creating a sustainable future. Presenting the much anticipated 2024 Monetary Policy Statement (MPS), today, Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mushayavanhu noted the various projects that […]

PRESIDENT Emmerson Mnangagwa yesterday inspected the Reserve Bank of Zimbabwe (RBZ) vaults with officials informing him Zimbabwe has 1.1 tonnes of gold. The tour was part of the handover of the key assets from the outgoing governor Dr John Mangudya to the incoming Dr John Mushayavanhu. The visit was aimed at taking stock of the […]

African development banks are seen as the most likely funders of Caledonia Mining Corporation’s planned $250-million gold mine in Zimbabwe, the mining company’s CEO Mark Learmonth revealed. Caledonia, which already owns the Blanket gold mine in Zimbabwe, is updating a feasibility study ahead of the planned construction of a new mine at Bilboes to produce […]