News

When the Chamber of Mines asked its members to list their biggest worries this year, most of them had one major gripe at the top of their lists – power supply. The Chamber’s survey of members, which include some of Zimbabwe’s major miners, found that some 60% of respondents had faced power cuts of up […]

UK-listed Contango, which is developing a new coal mine in Zimbabwe, says it is in talks with a “multinational company” for a possible coking coal mining deal. Contango says it has signed an MoU for “collaboration” on coking coal and the manufacture of coke at its Muchesu coal project, in Hwange’s Lubu area. The site […]

GOVERNMENT’s decision to set the chromium prices through the Minerals Marketing Corporation of Zimbabwe (MMCZ) will likely turn away investors and companies willing to venture into, top economist has said. In a post-Cabinet briefing Tuesday, information minister, Monica Mutsvangwa, said the government had agreed to a policy change whereby all chrome ores will be traded […]

DIVERSIFIED resources group RioZim says it has suffered a 7% gold output decline owing to delays in the completion of the BIOX Plant Project nevertheless, the group managed to record revenue increases. In a recent update, RioZim chairman Saleem- Beebeejaun said completion delays did not impinge revenue flows in the just ended financial year. “Gold […]

THE government has structured a deal that will see the Reserve Bank of Zimbabwe (RBZ) buying excess diamonds as it moves to shut out unscrupulous dealers that have been dribbling authorities. Trading in diamonds has been embroiled in scandals where dubious buyers have been outwitting Zimbabwean authorities, triggering massive leakages. Sources said this week the […]

MINE fatalities have risen 37% in the year to date with 67 people having perished in mine-related accidents as mining firms, facing funding challenges, are bypassing protocols. On the other hand, the lack of economic opportunities in other sectors has also triggered an invasion by artisanal miners of abandoned gold mines where working conditions are […]

OBEY Chimuka’s Fossil Mining has taken over control of Lafarge Cement after successfully buying the 76.45% stake which had been put up for sale by Swiss headquartered Holcim Group. The sale will be concluded by transfer of shares from Holcim’s Associated International Cement Limited to Fossil Mines according to a statement by Lafarge acting Company […]

UK-BASED Galileo Resources PLC (AIM:GLR) said it has identified three priority gold and nickel exploration targets originally generated from an airborne geophysical survey over the Bulawayo gold project in Zimbabwe. The three targets that have been prioritised are at Queens West, Bembeshi Nickel and Bembeshi Gold. Galileo has a 29% interest in Bulawayo, held through […]