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CALEDONIA Mining Corporation Plc first quarter of 2023 gold output recorded a slight slump at its two mines owing to mechanical breakdowns and inconsistent grades among other factors. In an update this week, the top miner said production at Blanket Mine was 16,036 ounces, 13% lower than the quantity produced in the first quarter of […]

Minerals Marketing Corporation of Zimbabwe (MMCZ) general manager, Tongai Muzenda has died. He was 57. Muzenda, who was a son of the late Vice President Simon Muzenda, was involved in a car accident on Wednesday evening. His death was confirmed by Ministry of Mines and Mining Development Permanent Secretary Pfungwa Kunaka. I’m really saddened. The […]

THE Reserve Bank of Zimbabwe (RBZ) is making a huge loss by selling gold coins in local currency using the official rate as the Zimbabwean dollar continues on a free fall, a local think tank has said. The gold coins, weighing one troy ounce with a purity of 22 carats, sold at US$1,823.83 at launch […]

THE US$1,5 billion steel plant under construction in Mvuma, 200km south of Harare, by Chinese giant, Dinson Iron and Steel Company (Disco) is now 60% complete, it has emerged. Construction of the steel plant, which is touted as Africa’s biggest integrated steelworks, began last year. Project manager Wilfred Motsi said construction work was at an […]

MINE workers have expressed grave concern over the rampant casualization of labour within the sector. In an interview, Zimbabwe Diamond and Allied Minerals Workers Union (ZDAMWU) secretary general Justice Chinhema said his organisation is pushing for the review of the outdated collective bargaining agreement (CBA). “As we are pushing for the amendment of the current […]

The Zimbabwe Electricity Supply Authority (ZESA) said it has been allowed to increase generation at Kariba South Power Station for limited periods. In a statement, the power utility said power cuts have decreased in most parts of Zimbabwe and they expect the situation to improve further as they also increase electricity generation at the Hwange […]

ZESA Holdings‘ acting managing director Norbert Mataruse has said it needs at least US$5 million to resuscitate the Harare Power Station. He made the remarks during the Parliamentary Portfolio Committee on Energy tour to assess the state of affairs at the power plant. NewsDay cites Mataruse as saying: We need about US$5 million for this plant to […]

Zimbabwe needs $100-million of gold to kick-start its proposed bullion-backed digital currency, as the southern African nation makes another attempt to stabilize its floundering dollar. The central bank will rely on gold reserves, which it has been accumulating, to support the initiative and stem the local currency’s volatility, according to Persistence Gwanyanya, a member of […]

PROSPECT Lithium Zimbabwe (PLZ) said on Thursday it was due to begin exports from Arcadia, its new Zimbabwean operation near Harare, following the completion of a US$275 million processing facility. In an address to staff to mark the first year of Prospect’s Chinese controlling shareholders at the mine, the firm said while lithium prices had […]