News

ZIMBABWE’S refined platinum output fell to 480 000 ounces (oz) in 2022, according to the World Platinum Investment Council (WPIC)’s fourth quarter global report for 2022. The WPIC said Zimbabwe’s refined platinum production for 2021 was 485 000oz. It said output will rise to 502 000oz this year, driven by expansion projects across most of […]

A MINING firm that has fought a bitter legal battle against the Industrial Development Corporation of Zimbabwe (IDCZ) over a dolomite claim in Rushinga says it is ramping up output following a recent court victory. The state-run IDCZ holds full control in agricultural chemicals maker, Chemplex Corporation, which in turn controls 100% stock in G&W […]

THE Zimbabwe Energy Regulatory Authority (ZERA) has hiked the price of liquefied petroleum gas (LPG) from US$1.77 ($1 499.85) per kg to US$2.06 ($1 861.35) per kg with immediate effect. Zera confirmed the new gas price in a statement this morning. The latest increase came at a time when most families in urban areas had […]

THERE was jubilation in certain quarters this week following news reports that the power generation units that were being refurbished at Hwange Thermal Power Station were now back on stream to boost national power generation capacity, which had dwindled to low levels thereby seriously threatening the country’s economic growth prospects. As of yesterday, national generation […]

THE Mines and Minerals Amendment Bill currently before Parliament has been criticised for failing to include clauses that will effectively regulate mining activities. In a statement yesterday, the Zimbabwe Environmental Law Association (Zela) said there is need for inclusion of the property rights regime in the Bill and to ensure that the country implements development-centred […]

A Chinese national was arrested recently for allegedly trying to smuggle 30 tonnes of lithium out of the country. Lu Minghui (45) of Msasa Harare was found in possession of fake documents to facilitate the transportation of the lithium from Bikita Minerals to Mozambique. He appeared before Marondera magistrate, Esther Mabika, on Thursday last week […]

Pedzisai Scott Sakupwanya, who owns Better Brands, is reportedly engaged in secret mining at Redwing Mine in Penhalonga, Manicaland province, despite closure of the mine by the Environmental Management Agency (EMA) in January following reports of fatal accidents involving artisanal miners. Since Friday last week, two deaths have been reported in Penhalonga, one of them […]

The breakdown of five out of six units at the Hwange Thermal Power Plant has compounded existing electricity challenges Zimbabwe is facing with some customers enduring power cuts lasting more than 24 hours. The country’s power utility, ZESA Holdings, is expected to bring online two new units at the Hwange Thermal Power Plant in the […]

TRUSTEES of the Ziscosteel pension fund have slammed a pension rights campaigner that has been pushing for an immediate settlement of up to US$1 billion in outstanding pensions to its members. The Zimbabwe Pensions and Insurance Rights Trust (ZimPIRT) last month filed a petition with parliament, telling legislators to take action over the predicament of […]