ZIMBABWE is grappling with a severe gold smuggling crisis that could be depriving the economy of as much as US$1.5 billion in potential annual revenue.
The illicit trade threatens national anti-money laundering efforts.
Zimbabwe’s national gold deliveries fell 7.9% month-on-month to 4,715.46 kilograms in September 2026, down from the 5,119.20 kilograms recorded in August, according to the latest data from sole buyer Fidelity Gold Refinery.
A legislator has called for urgent ministerial accountability over mining operations at Christmas Pass and Penhalonga Valley in Mutare District, alleging that operators are defying government stop orders while exposing communities to.
A young girl in a Mukwasi Primary School uniform turns away from the road, covering her face with a pink cloth as a passing truck sends a cloud of dust into the.
Who truly benefits from the country’s mineral wealth?
Across Bikita, Buhera, Penhalonga and the emerging Cabora Bassa petroleum frontier, the same tension is visible. Investment is advancing, production is expanding and new infrastructure.
Ethiopia has launched its first gold refinery, a $50-million joint venture aimed at turning the East African nation into a regional processing hub for precious metals, Prime Minister Abiy Ahmed said over.
China’s lithium carbonate futures prices slid to a nearly 10-month low on Monday, as a deal with the European Union to cut hybrid cars exports exacerbated concerns over demand prospects for the.
Loucas Pouroulis, the founder of Johannesburg- and London-listed mining and metals group Tharisa will, from October 1, become founding chairperson emeritus of the company, while Carol Bell will succeed him as chairperson.
Tharisa.
Zimbabwe’s State-owned railway company is negotiating a $115-million facility with the African Export-Import Bank (Afreximbank) to buy locomotives and wagons and expand haulage capacity, an official said on Thursday.
The National Railways of.
Police arrested a 20-year-old man last week in connection with the theft of armoured copper cables from Zimplats Smelting Company in Selous.
Jairosi James Moyo, together with three accomplices who remain at large,.
