News

The Zimbabwe government says mining is booming, but the industry says it is under growing pressure from the threat of weak global metal prices and rising costs at home. According to the Chamber of Mines, prices of key minerals have fallen sharply. Rhodium, part of the platinum group minerals, is down 74% over the past […]

THE Chamber of Mines of Zimbabwe (CoMZ) has said the softening international mineral prices is threatening the viability of the sector, in a major setback to the US$12 billion mining revenue target by year end. In 2019, President Emmerson Mnangagwa’s administration set a US$12 billion revenue mining target for the sector by the end of […]

The remains of the six people, including four foreigners, who died on 29 September when their light aircraft crashed in the Zvemahande area about 6km northwest of Mashava have been released for burial or cremation. DNA tests and forensic examinations of the remains were conducted on Thursday last week. Police identified the victims as Indian […]

LISTED miner RioZim has commended monetary authorities for increasing the quantum of foreign currency that miners can retain, saying such a bold policy stance cushioned the group’s output growth. The policy directive is in line with the Reserve Bank of Zimbabwe (RBZ) policy directive which allowed exporters, including miners, to keep 75% of their export […]

Falcon Gold has won an appeal against a High Court ruling barring it from carrying out mining operations at its 11 gold claims. This follows a successful appeal filed at the Supreme Court after the lower Court barred it from carrying out mining activities at its claims. Falcon Gold was barred after the then Mines […]

GOLD deliveries to Fidelity Gold Refinery (FGR) were up 26,24% last month on August’s figures, latest data shows, as the yellow metal recovers with Zimbabwe chasing a targeted output of 40 tonnes this year. The September data was an increase from August’s 2 479,7759kg in gold deliveries. However, comparing September’s gold deliveries to the comparative […]