News

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 […]

Daring armed robbers forced security guards at a mine in Mberengwa to load stolen gold ore into their getaway vehicle. The ten-member gang pounced on five security guards at Overt Mine Ziyanda, in Mberengwa armed with machetes, knives and logs before stealing two tonnes of gold ore. While no arrests have been made, investigations are […]

Platinum group metals (PGM) producer Zimplats says the ongoing surface diamond drilling programme at Ngezi mining lease 37 (ML 37) is on schedule as the group aims to upgrade its mineral resource base. In an operational update for the quarter under review, the company said a total of 8,024 meters were drilled as part of […]

The mining industry recorded an increase in mining accidents during the period January to July 2023, compared to the same period last year. According to the latest State of Mining Industry Survey Report for 2024 released by the Chamber of Mines last week, the mining industry reported 110 fatal accidents during the period January to […]

Workers at Murowa Diamonds in Zvishavane have reportedly downed tools following a standoff with management over poor remuneration. While productivity at Murowa Diamonds has been at full capacity this has not been translating to improved wages and other benefits for the workers. The Zimbabwe Diamond and Allied Mineral Workers Union (ZDAMWU) and the Centre for […]

The majority of the work undertaken by the Ministry of Mines and Minerals stalled in 2023 owing to inadequate budget allocation and the general volatile macroeconomic milieu, the Parliamentary portfolio committee has said. The Ministry of Mines was originally allocated ZWL12 billion as of September 2023 the revised budget now stands at ZWL27 billion. For […]

Impala Platinum is reducing its planned spending across its business, including at Zimplats, due to the decline in global platinum prices. This will negatively impact local suppliers and the economy, according to newZWire. Platinum prices have fallen by 15% in 2023 due to concerns about global economic growth and a projected decrease in demand from vehicle manufacturers. […]

CHINESE companies were awarded licenses in the third quarter that could see $2.79 billion of investment flow into Zimbabwe, mostly in mining and energy as the government pushes to develop some of Africa’s biggest lithium deposits and end power outages. Chinese applications “were the most by number and investment value with mining being their most […]