News

THE Chamber of Mines of Zimbabwe (CoMZ) says the mining sector will generate US$7 billion next year, against a US$12 billion government target. In a report, CoMZ said the industry would be held back by high operational costs, rolling power cuts and a projected global recession. In 2019, government launched an ambitious plan to create […]

Zimbabwe has passed regulations allowing the state to collect mining royalties partly in the form of minerals, according to a government notice, as the country seeks to build a reserve of precious metals. The southern African country has struggled to capitalise on its significant mineral reserves and a resource boom due to policy uncertainty, a […]

VILLAGERS in Marange are demanding relocation in protest against being put in a restriction camp under the Protected Places and Areas Act (PPAA). The villagers, who said PPAA had subjected the area to underdevelopment, triggering increased human rights violations, made the call through community-based organisations (CBOs) and civic society organisations (CSOs) operating in Marange. They […]

Caledonia Mining Corporation has announced an upgrade to the mineral resources at its Maligreen site in the Midlands province following a year of reviewing geological work conducted at the property. The Jersey-based but largely Zimbabwe-focused miner operates the highly successful Blanket gold mine which is located in Gwanda. Since acquiring Maligreen in November last year, […]

DURATION Gold Investment (DGI) Private Limited, which owns Queens Mine in Nyathi, Matabeleland North province, has warned its workers against talking to the media about working conditions at its Little Mviga section. The workers recently expressed their displeasure over poor working conditions. A memo signed by the mine manager John Mlazi dated November 4 stated: […]

ZIMBABWE’S gold deliveries have surged 34,1% in the first 10 months of the year to reach 29,5 tonnes as industry restores normalcy from COVID-19 restrictions. The deliveries, according to latest Fidelity Printers and Refiners (FPR) figures, puts the county just 5,5t shy of the set 35t delivery target in the current year. On average, deliveries […]

VICTORIA Falls Stock Exchange (VFEX)-listed resources outfit, Bindura Nickel Corporation (BNC) says it plans to exploit energy minerals in its first major diversification strategy since its formation in 1966. The firm, which has been the subject of shareholder changes throughout its six decades in operation, had confined its interests in nickel. Under the new plan,  […]