News

ZIMBABWE Miners Federation president, Henrietta Rushwaya has been freed on US$500 bail following her arrest on allegations of defrauding Indian investors of more than US$1 million in a botched mining deal. Harare magistrate, Stanford Mambanje said there were no compelling reasons to deny Rushwaya bail before remanding her to April 10 for her routine remand. […]

PLATINUM giant Zimplats says the current cost-cutting initiatives aim to lessen the effect of budget cuts on its growth strategy, which includes a US$1,8 billion expansion programme. The company on Tuesday initiated a voluntary layoff exercise for all employees to keep the company afloat in the low-price metal market. Platinum group metals (PGM) metal prices […]

Exclusive Prospecting Orders (EPOs), which were issued in 2021 expired this month, sparking fierce national debate between various interested stakeholders. For instance, small-scale miners and prospectors are arguing that the government should allow them to prospect and peg claims in areas once held by EPOs. On the other hand, large scale producers—some of them holding […]

ENDOWED with vast natural resources, including minerals and wildlife, Hurungwe district has immense potential to contribute to the realisation of the Second Republic’s Vision 2030 of an upper-middle-class economy, a top council official has said. Hurungwe Rural District Council (HRDC) chairman, Mary Mliswa-Chikoka underscored the huge role played by traditional leaders in the protection of […]

Mines and Mining Development Permanent Secretary Pfungwa Kunaka has come under fire from prospectors following his directive of barring mining officials from accepting application for registration of mining titles on areas with expired Exclusive Prospecting Orders (EPOS). In a letter dated 8 March 2024 Kunaka directed all provincial mining directors not to grant applications on […]

OIL and gas exploration firm Invictus Energy, which recently made a gas discovery in Zimbabwe, has expressed ambitions to expand regionally. The firm recently revealed that preliminary compositional analysis confirmed high quality natural gas containing minimal impurities, which will require minimal processing before sale to downstream customers. The energy company declared two material discoveries after […]

Impala Platinum’s Zimbabwean unit is offering staff voluntary redundancy packages to cut costs because of anemic metal prices. Weak platinum group metal prices are projected to last for the next 12 to 18 months, Zimplats Chief Executive Officer Alex Mhembere said in a staff circular dated March 18 that was confirmed by the company. The […]