News

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 […]

MINING companies in Zimbabwe have spent over US$1,5 billion on capital projects and exploration activities in the past three years, a survey report by the Chamber of Mines of Zimbabwe (CoMZ) shows. The report also revealed that in the next 12 months, mining firms require around US$2 billion to ramp up and sustain their operations. […]

ZIMBABWE’S mineral revenue declined by 29% to US$2,6 billion in the first half of this year due to a number of challenges including softening commodity prices, foreign currency shortfalls, high-cost structure and capital constraints. This was revealed by Chamber of Mines of Zimbabwe (CoMZ) president Thomas Gono at the Mining Industry Suppliers Forum held in […]

PROSPECT Resources Limited has commenced Phase 3 drilling programme at Step Aside Lithium Project near Harare, targeting significant strike and depth extensions of high-grade lithium mineralisation. In a quarterly activities report for the quarter ended September 30, 2023, Prospect managing director and chief executive officer, Sam Hosack said the quarter concluded with substantial advancements in […]