News

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 […]

Lack of a full complement of cartographers at Mashonaland West’s Ministry of Mines and Mining Development office is hindering the pace of mine registration, which has at times triggered ownership disputes. The shortage of cartographers, whose work involves drawing or producing maps, has caused a huge backlog of applications for registration of mining titles. A […]

Hwange Colliery Company Limited (HCCL), Zimbabwe’s coal mining giant, has suspended underground mining for the next six months. The decision comes after the company stockpiled a significant amount of coal, with sales failing to keep pace with the recent surge in production. The surge in coal production is attributed to the acquisition of new, efficient […]

ZESA Holdings has raised serious concerns about mining activities taking place near the Marvel Substation in Bulawayo. This substation is critical for distributing electricity to the city, the country, and parts of the southern African region. The power utility warns that these mining activities could cause the substation’s building to collapse and destroy electrical equipment, […]

Gold miner Caledonia Mining notes in its operating and financial results for the year ended December 31, 2023, that its performance was in line with both market expectations and production guidance. Gross revenue was $146.3-million, 3% higher than in 2022, owing to a 7.8% increase in the average realised price of gold sold. Gross profit […]