The Reserve Bank of Zimbabwe (RBZ) has said an additional 2 000 Mosi-oa-Tuya gold coins will be released into the market this week. The central bank released the first batch of 2 000.
SOUTH African mining magnate Mzi Khumalo is under pressure to dispose of Redwing Mine in Penhalonga, Manicaland province and Mazowe Gold Mine in Mashonaland Central as the mines have become hotbeds for.
Zimbabwe will double the royalty rate it charges mining companies on the platinum group metals (PGMs).
Zimbabwe is facing an unpreecedented energy crisis after power utility indicated that it had no solutions to deal with rising demand.
Existing mines and new smelters have lodged applications for an additional 2.
Government has set aside resources amounting to US$10 million for the establishment of 10 gold centres, one for each province in support of the small-scale miners.
In his 2023 budget strategy document, the.
Zimbabwe’s power utility ZESA Holdings Ltd. will no longer charge mining houses tariffs below cost of production as it is struggling to service “ballooning power import debt.”
Exporters, such as mining companies, will.
BLANKET Mine, a 64% subsidiary of Caledonia Mining Corporation, has injected US$360 000 dividend payment to Gwanda Community Share Ownership Trust (GCST), becoming one of the most lucrative community payback gestures in.
Finance Minister Mthuli Ncube has announced a $929 billion supplementary budget of which 53% ($492.8 billion) will be gobbled by employment costs.
AUSTRALIA Stock Exchange-listed resources giant Zimplats has spent about US$326 million on various projects in the country, as the miner moves forward with its plans to ramp up production.
According to its quarterly.
Caledonia Mining says it plans to invest US$250 million over three years to develop Bilboes Mine, once it completes the takeover of one of Zimbabwe’s most prized mining assets.
Last week, Caledonia announced.
