News

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

A SURGE in fatal mine accidents in Zimbabwe has ignited concern among stakeholders, highlighting the need for enhanced safety measures within the mining industry. According to a survey by the Chamber of Mines of Zimbabwe (CoMZ), 110 fatalities have been recorded in the country’s mines between January and September 2023, an increase from 106 accidents […]

ZIMBABWE’S mineral revenues are set to decline by approximately 20% this year and further 10% next year due to softening commodity prices among other constraints, according to the latest report released by the Chamber of Mines of Zimbabwe (CoMZ). The mining sector plays a very significant role in the development of the country as it […]