News

ZIMBABWE’S repayment of a US$400 million loan borrowed from the African Export and Import Bank (Afreximbank) could suffer a huge blow after the country’s major platinum miners downsized operations due to tumbling prices of the mineral also known as “white gold” on the international market. Last December, local media reported on the government’s plan to […]

THE Bulawayo High Court has authorised the eviction of 53 former employees and their families at Olympus Gold Mine after they refused to work for the new mine owner. Olympus Gold Mine (Pvt) Ltd trading as Old Nic Mine is now owned by Retinue Stars Investments (Pvt) Ltd which bought the business after it encountered […]

The Zimbabwe Miners Federation (ZMF) is gearing up to revolutionise the artisanal and small-scale mining sector with its upcoming Mining Mechanization and Symposium launch in Midlands Province on the 22nd of April 2024 at Pote Hotel in Midlands. Scheduled to take place in the heart of Zimbabwe’s mining region, the event promises to be a […]

After investing US$86 million into its mines over the past four years, Padenga Holdings is setting itself a target of 100,000 ounces of gold per year. The company’s mining arm, Dallaglio, has spent US$46 million on Guruve’s Eureka Mine, which it revived in 2021 after it had been dormant for over two decades. The company […]

Caledonia Mining Corporation has seen Blanket Mine in Zimbabwe to be a springboard for growth, according to the company’s CEO Mark Learmonth. While the mine itself achieved its 2023 production targets, Learmonth highlights Blanket’s role as a “solid foundation for growth” as Caledonia aggressively pursues its “multi-asset strategy” This strategy goes beyond Blanket Mine, with […]

Zimbabwe, boasting the largest lithium reserves in Africa, is pressuring miners to submit beneficiation plans by today’s deadline, March 31, 2024. This strategy aims to transform Zimbabwe into a major lithium player and capitalize on the global demand for electric car batteries and renewable energy storage. Finance Minister, Professor Mthuli Ncube, emphasizes the need to […]

CEMENT volumes at PPC Zimbabwe, the country’s biggest cement maker, continued to show strong growth, increasing 41% in the 10-month period ended January 31, 2024, albeit slightly lower than the comparable period. PPC Zimbabwe operates a clinker plant at Colleen Bawn in West Nicholson and milling plants in Bulawayo and Harare and is part of […]

The much-hyped takeover of the Zimbabwe Iron and Steel Company (Zisco) by Kuvimba Mining House has failed to change the fortunes of the steelmaker amid allegations that the firm linked to businessman Kudakwashe Tagwiirei is on an asset stripping orgy. Zisco workers are said to have gone for 10 months without salaries even after bold […]

AN employee at Dinson Colliery in Hwange died last week after he was reportedly electrocuted by a faulty machine he was using. The now deceased was identified as Prince Mpofu (age not given). The latest incident highlights the prevalence of mine fatalities and injuries in Zimbabwe’s extractive industry, where health and safety standards are poor. […]

AFROCHINE (Private) Limited, a Chinese-owned smelting company operating in Chegutu, has come under fire from the Zimbabwe Revenue Authority (Zimra) after it emerged that the firm has under-declared US$3 million in royalties on the sale of ferrochrome alloy (FCA). The company, Zimbabwe’s largest chrome smelting operation, is a subsidiary of Chinese conglomerate Tsingshan Holdings, which […]