News

Listed platinum miner Zimplats has voiced its frustration over Zimbabwe’s volatile and complex fiscal framework, which it says is prone to conflicting interpretations and presents significant challenges for businesses. Disclosures by Zimplats, which is listed on the Australian Stock Exchange, were the latest to highlight the difficulties stemming from shifting tax policies and the uncertainty […]

THE Zambezi River Authority (ZRA) has announced that it will allocate 27 billion cubic metres of water to be shared equally between ZESCO and the Zimbabwe Power Company (ZPC) for power generation in 2025, with each utility receiving 13.5 billion cubic metres. Last year, ZRA announced that it had allocated 16 billion cubic metres of […]

THE relationship between Chinese-owned extractive companies and communities in Zimbabwe has become increasingly unfriendly, adversarial and fraught with mistrust and deep suspicion. There is overwhelming evidence of outright disdain and disregard for the cultural sensitivities of host communities by the Chinese investors. This is contained in a damning report by Centre for Natural Resource Governance […]

The High Court has spared Zimbabwe Mining and Smelting Company (ZIMASCO), the country’s largest producer of ferrochrome, from paying more than US$10m in royalties, which is a significant relief to the resources firm, Business Times can report. However, ZIMRA, which had ordered the mining company to pay that sum following its assessment of the miner’s […]

Chinese miners Zhejiang Huayou Cobalt and Tsingshan Holding Group are defying low lithium prices to develop a deposit of the battery metal with a Zimbabwean state company. The two firms already operate lithium projects in Zimbabwe and will complete a study before building a mine and processing plant at Sandawana, according to the chief executive […]

BARAK Fund SPC Limited, a firm that claims it is owed close to US$14 million by Makomo Resources has approached Zimbabwean courts demanding the expulsion of the coal miner’s corporate rescue practitioners, claiming they have defied court orders to carry out a forensic investigation. Makomo, one of Zimbabwe’s biggest coal miners exploiting the resource in […]

A BLANKET Mine employee has died after a rock fell on him while drilling in a development area on Saturday. In a statement, Caledonia Mining Corporation, which runs the gold mine, said the “employee was hit by a fall of rock while drilling in a development area and as a result has sadly died”. The […]