News

Zimbabwe’s platinum miners are asking the government for help in reducing electricity tariffs and fiscal charges so producers don’t have to consider closing some sites. The Chamber of Mines of Zimbabwe, representing most large and medium-scale companies, said the softening of global prices is weighing down the platinum group metals sector. At the same time, […]

ZIMBABWE and Eswatini have begun collaboration in the mining and agriculture sectors as the nations aim to strengthen bilateral relations. Eswatini’s special envoy led by King Mswati III’s son, His Royal Highness Prince Lindani is in Zimbabwe to share notes. Speaking to journalists after meeting President Emmerson Mnangagwa at the State House on Monday Lindani […]

BLACKGATE Investments, the resources junior that is battling to repossess gold claims within an area being exploited by Bindura-based Ran Mine, has demanded the closure of the asset until a legal dispute over the business is finalised in the High Court, the Zimbabwe Independent can report. Blackgate has been locked up in a fierce legal […]

BULAWAYO residents have expressed concern over low gold mine lease charges levied by the Bulawayo City Council (BCC) describing the move as a wasted opportunity to increase revenue streams for the local authority. According to the latest full council minutes, BCC announced that it will be leasing out some gold mines that fall under its […]

Prominent economist, Eddie Cross, has disclosed that billionaire Kudakwashe Tagwirei is no longer affiliated with the Kuvimba Mining House. This revelation came to light during an extensive interview with a private media outlet, where Cross shed light on Tagwirei’s investment journey, stating that Tagwirei utilized his earnings from Trafigura to venture into the mining giant. […]

SABI Star Mine, a US$130 million lithium operation commissioned by President Emmerson Mnangagwa in 2022, slipped into a racism storm two weeks ago, with workers approaching the Department of Immigration and the Central Intelligence Organisation (CIO) alleging serious racial discrimination. Documents seen by the Independent last week claimed Sabi Star’s Chinese human resources manager Zheng […]

ZIMBABWE’S major platinum producers are reeling under severe headwinds underpinned by plummeting prices, which have induced firms to embark on widespread retrenchments. Forecasts by the World Platinum Investment Council (WIPC) show that output in Zimbabwe, which is the third largest producer worldwide, will decline to 502 000 ounces (oz) this year, from 507 000oz in […]

The government should step in to support financially strapped miners and help cut costs by reviewing tax laws and electricity tariffs in order to prevent business closures that might lead to shortages of foreign exchange, a decline in government revenue, the loss of jobs, and a decline in GDP overall. The call is made at […]