243 views
FEATURED
Mining Index Zimbabwe
- November 21, 2023
243 views 4 mins

MINERS have been encouraged to invest in digital mining to streamline processes, a move that will boost efficiency, productivity, safety and sustainability, NewsDay Business can report. Digital mining involves leveraging on digital technologies such as automation, artificial intelligence and the internet of things (IoT), to improve efficiency, productivity, safety and sustainability, a move that is […]

193 views
FEATURED
Mining Index Zimbabwe
- November 20, 2023
193 views 5 mins

THE government’s gold mobilisation unit has been unable to function due to funding constraints and this is crippling its operations. The gold mobilisation unit, headed by Major-General Chris Mupande, comprises officials from the army, police, Central Intelligence Organisation (CIO) and Ministry of Mines and Mining Development. The unit was set up to boost gold production, […]

225 views
FEATURED
Mining Index Zimbabwe
- November 20, 2023
225 views 4 mins

A SAFETY, health and environment (SHE) committee of the Chamber of Mines of Zimbabwe has indicated that more audits will be done at mining firms to reduce accidents in the sector. According to the chamber, the mining industry reported 110 fatal accidents from January to July 2023, compared to 106 fatal accidents during the same […]

206 views
FEATURED
Mining Index Zimbabwe
- November 16, 2023
206 views 4 mins

ZIMBABWE’S current power crisis is crippling industries, as it emerged this week that some companies have scaled down operations, while others are considering job layoffs. There is a severe electricity shortage, with consumers and industry enduring 16-hour power outages per day. Energy minister Edgar Moyo on Wednesday told Parliament that the electricity cuts would continue […]

229 views
FEATURED
Mining Index Zimbabwe
- November 16, 2023
229 views 4 mins

GOLD miner Caledonia Mining Corporation Plc (CMC) had a 95% drop in profit after tax to US$1,69 million in the nine months ended September 30, 2023, owing to increased production costs and expenses. The drop was from a 2022 comparative profit after tax of US$31,19 million. In a statement accompanying its third quarter and nine […]

184 views
FEATURED
Mining Index Zimbabwe
- November 16, 2023
184 views 2 mins

ZIMBABWE Miners Federation (ZMF) president, Henrietta Rushwaya has escaped jail after she was fined and given a wholly suspended sentence following her conviction for attempting to smuggle gold worth US$330 000 to Dubai. High Court judge, Justice Pisirayi Kwenda fined her US$5 000 and gave a wholly suspended 18 months jail term. In addition, the […]

350 views
FEATURED
Mining Index Zimbabwe
- November 16, 2023
350 views 4 mins

PLATINUM miner, Mimosa Mining Company (MMC) has almost completed construction of a new US$75 million tailings storage facility (TSF), which comes with a water dam. The project is now 90% complete, with commissioning set for April 2024. After ore has been processed to remove mineral concentrates, the leftover waste known as tailings is normally held […]

111 views
FEATURED
Mining Index Zimbabwe
- November 15, 2023
111 views 2 mins

THE State yesterday said Zimbabwe Miners Federation president, Henrietta Rushwaya, deserves a harsh custodial sentence following her conviction on charges of attempting to smuggle 6 kilogrammes of gold to Dubai. Rushwaya was convicted two weeks ago. The State, represented by Whisper Mabhaudhi, urged the court to give Rushwaya a custodial sentence stating that the offence […]

295 views
FEATURED
Mining Index Zimbabwe
- November 14, 2023
295 views 2 mins

BULAWAYO municipal police have arrested 140 illegal miners since January for gold panning near the city’s water bodies, causing massive siltation. This is revealed in the council’s environmental issues report that includes degradation of the Greater Bulawayo and its water catchment areas. “Routine patrols were conducted by the rangers in the water catchment areas. There […]

267 views
FEATURED
Mining Index Zimbabwe
- November 14, 2023
267 views 4 mins

GOVERNMENT is pushing for the use of modern technologies such as artificial intelligence (AI) and drones in securing and producing minerals. This comes as the mining sector, the country’s top foreign currency earner, is facing declining foreign currency receipts, power cuts and high operational costs that will see the industry miss its US$12 billion revenue […]