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The light plane which reportedly crashed in Chivhu on Monday was carrying diamonds owned by mining giant, Murowa (Private) Limited. Initial reports suggested that two people had survived the crash. Latest reports suggest that the Piper 31 Navajo aircraft which crashed on a field about 16km from Beatrice on Monday afternoon, had five people on board and they all survived […]

Finance Minister, Mthuli Ncube, has used US$10 million of the International Monetary Fund (IMF) grant extended to Zimbabwe last year to set up a gold facility. The US$10 million is from nearly US$1 billion received from the IMF under Special Drawing Rights (SDRs), an international reserve asset to supplement official reserves and boost liquidity to member countries […]

The Environmental Management Agency (EMA) has blocked plans by RZM Murowa, a diamond miner, to resume exploration for diamonds in the contentious Sese area of Chivi. The agency told Murowa to get an additional Environmental Management Plan (EMP) for the envisaged new scope of work, The Herald reported. EMA told Murowa to engage local stakeholders, […]

FIVE passengers escaped with their lives after a light aircraft transporting diamonds crashed-landed near Harare Monday afternoon, police confirmed. According to the ZRP, five passengers escaped with their lives after the Piper 31 Navajo aircraft landed on a field some 16km from Beatrice at around 2.30pm. The plane, owned by diamonds miner Murowa (Private) Limited […]

LONDON Stock Exchange-listed firm Contango Holdings has set a target to produce 200 000 tonnes of coking coal after taking delivery of a coke washing plant at its Matabeleland North-based Lubu project. Contango is the firm spearheading the development of the Lubu Coal project in the Hwange district of Matabeleland North. The construction and assembling […]

ABOUT 20 members of the Ziscosteel Pension Fund have petitioned Parliament to press for the payment of US$3 million in outstanding pensions, documents obtained by NewsDay Business yesterday showed. This figure translates to about $2,5 billion at the prevailing official foreign currency exchange rate. The petition says the firm’s ex-workers were ready to be paid […]

Caledonia Mining Corporation says its 12MW solar farm, which went live in November, is generating more power than expected, helping cut diesel consumption at Blanket Mine. The plant, designed to supply about 27% of Blanket Mine’s power needs, is one of a growing number of solar projects being installed by key mining companies, keen to […]

CALEDONIA Mining Corporation Plc says its gold resource base has increased by 52% on the back of lucrative surging gold output as the miner’s productivity profile continues to surge. The company said it has boosted the gold resource base at its 64%-owned Blanket Mine in Zimbabwe. The total measured and indicated resources estimate at Blanket, […]