338 views

Bikita Sinomine suspends operations

Chinese-owned lithium producer, Bikita Minerals Sinomine, has temporarily suspended operations over failure to comply with some requirements particularly the regularisation of expatriate staff and skills transfer to locals.

The mine will cease works.

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365 views

RBZ reverses Gold Mafia accounts freeze

THE Reserve Bank of Zimbabwe (RBZ)’s Financial Intelligence Unit (FIU) yesterday made a summersault by reversing its order for banks to freeze accounts of several government officials and individuals who were implicated.

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430 views

Zim eyes US$3bn PGM exports

ZIMBABWE is targeting to generate US$3 billion from Platinum Group Metals (PGMs) this year, an increase of 36% compared to last year, a government official said.

PGMs are essential and precious metals, which.

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262 views

Zisco deal gets Cabinet nod to sell iron ore

STATE-run resources firm Kuvimba Mining House (KMH) has been given a Cabinet approval to sell Ziscosteel’s vast iron ore reserves worth about US$500 million, officials said this week.

The government holds 65% shareholding.

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431 views

Mines Bill shuts out indigenous people: MPs

THE Mines and Mineral Amendment Bill expected to correct loopholes that resulted in the exploitation of the country’s minerals has been described as disadvantaging indigenous people who cannot afford the money required.

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