News

By Own Correspondent GOVERNMENT-owned Sabi Gold Mine is targeting to double production by end of 2019 owing to capital injections by its investor. Chandiwana Mining Corporation is majority shareholder with 51 percent stake, made fresh capital injection to resuscitate Sabi Gold Mine which was placed under judicial management in 2011. Statistics made available during the […]

By Business Reporter PRESIDENT Emmerson Mnangagwa is expected to commission a US$100 million conglomerate diamond plant in Chiadzwa within the last quarter of the year. The Zimbabwe Consolidated Diamond Company (ZCDC) was formed following the March 2015 Government decision to consolidate all diamond mining companies in Zimbabwe to form a wholly owned Government Company. Responding […]

By Business Reporter ZIMBABWE Consolidated Diamond Company (ZCDC) has sold 423,066.43 carat diamonds via the tender process, generating about US$28.3 million for the country Addressing media on the resumption of diamond sales by ZCDC through the Minerals Marketing Corporation of Zimbabwe (MMCZ), Mines and Mining Development minister Winston Chitando was over the moon regarding success […]

By Business Reporter PRESIDENT Emmerson Mnangagwa has said the mining sector is a key component to the country’s economic recovery efforts as can be evidenced by the output that has been realised so far. Addressing the first session of the 9th parliament of Zimbabwe, President Emmerson Mnangagwa acknowledged immense contribution from the mining sector which […]

 By Business Reporter PREMIER mining trade show, Mine Entra has this year recorded a growth trajectory in exhibitors compared to last year as supplementary exhibition space has been availed to cater for the growing numbers. An additional exhibition hall has been opened with more external sites put to use as the number of bookings jostle […]

By Business Reporter ZIMPLATS says it is ahead of target towards the development of Mupani mine, with most of the surface infrastructure having been completed. Under its capital projects, Zimplats announced in 2017 that the platinum giant had approved the development a new mine at a cost of US$264 million. Zimplats Chief Executive Alexander Mhembere […]

 By Business Reporter BIMHA mine has made a comeback after reaching the intended full-load capacity within its first year of operation, after four years of closure due to a geological fault. Massive capital investments in redeveloping and redesigning the collapsed mine were made to the tune of US$101 million. Zimplats Chief Executive Officer Alexander Mhembere […]

By Business Reporter ZIMBABWEAN gold production output has potential to reach 100 tonnes per annum, a move expected to see the yellow metal making a significant contribution to government coffers through exports. An investment of $900 million is required for Zimbabwe to reach the targeted yearly output production of 100 tonnes. According to Persistence Gwanyanya, […]

Business Reporter PLATINUM giant, Zimplats has reported a US$131million contribution to national fiscus in the period ending September 2018. Presenting financial results, Zimplats Chief Finance Officer Stewart Magaso Mangoma said Zimplats’ contribution to government coffers has been on an upward trend since 2016, albeit a sharp decline in contributions in 2015 to US$47million. The upward […]