News

EMBATTLED state arms manufacturer, the Zimbabwe Defence Industries (ZDI) has been controversially granted a special permit to export raw lithium by the government, a decision expected to inject life into the firm’s struggling operations, emerging details reveal. ZDI, which has a vast investment portfolio in mining and is reeling under a Western-imposed embargo that crippled […]

THE Southern Africa Resource Watch (SARW) says government should implement other measures to support its decision to ban lithium ore exports to lessen the detrimental effects the ban has had on artisanal miners. In an effort to boost investment in domestic processing facilities, the government recently outlawed the export of raw lithium. This will help […]

BEITBRIDGE border police have reportedly bust a smuggling syndicate involving officials at major government enterprises (names supplied) and some Chinese companies. Police allegedly intercepted three haulage trucks carrying chrome ore estimated to be worth millions of dollars being smuggled as chrome concentrate in what could just be a tip of the iceberg. The trucks carrying […]

STATE- owned Kuvimba Mining House (Kuvimba) is banking on its mining proceeds to revive the defunct steelmaker, Ziscosteel. Ziscosteel, once a leading steel manufacturer, has been idle for over over a decade with its demise attributed to the pressures of Zimbabwe’s shattered economy, gross mismanagement and corruption. Kuvimba, in a statement, said it was turning […]

Zimbabwe’s gold output reached a new record high of 35.38 tonnes in 2022, spurred by new mining projects, timely payments and incentives to miners. The output was 19.5 percent up from the previous year’s output, the state-owned Herald newspaper reported Tuesday, citing statistics from the country’s sole gold buyer, Fidelity Gold Refineries. “The incentives are […]

THE Zimbabwe Diamond and Allied Minerals Workers Union (ZDAMWU) has given Vumbachikwe Mine a seven-day ultimatum to pay workers outstanding salaries and recapitalise the business, or face corporate rescue management. The Gwanda-based Vumbachikwe Mine, which is owned by Duration Gold, shut down around the end of last year after workers went on strike over unpaid […]

Chinese steel manufacturer Dinson Iron and Steel Company (DISCO) has announced plans to produce lithium-ion batteries in Zimbabwe saying the southern African country has all the raw materials required in the production process. The company expects to produce two million tonnes of lithium concentrate per year to support the battery manufacturing plant, according to The […]

THE Competition and Tariff Commission (CTC) received seven merger applications for approval during the third quarter of last year from the manufacturing, finance, insurance, agriculture and mining sectors. These transactions, contained in the latest CTC report, include Lafarge Cement Zimbabwe’s purchase by Fossil Mines, the acquisition of Ndoro Microbank Bank by InnBucks, the purchase of […]