News

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 […]

GOVERNMENT says mineral leakages are bleeding the country after it emerged that targeted deliveries to the Fidelity Gold Refinery (FGR) were on the decline. Mines minister Zhemu Soda said the economy was losing massive potential revenues to the leakages. “Mineral leakages deprive the government of much-needed revenue from taxes and royalties. These in turn create […]

THE Zimbabwe Energy Regulatory Authority (Zera) has urged energy consumers to use generators which run on gas to improve the country’s energy efficiency. This comes after stakeholders last year confronted Zera over 120 issues that needed urgent attention. Speaking at a stakeholder consultation and feedback meeting in Harare yesterday, Zera senior engineer Samuel Zaranyika said […]

Government has appealed to mining companies in Mashonaland West Province to assist in rescuing artisanal miners trapped underground after a mine shaft collapsed at Bay Horse Mine in Chegutu on Friday. 21 of the illegal miners escaped death. Eight were rescued between Friday night and Saturday morning with four currently in hospital with varying degrees […]