Finance Minister Mthuli Ncube says he is willing to adjust proposed gold royalty changes after miners warned that doubling the tax could hurt the industry and fuel smuggling.
Ncube’s budget proposed a new.
President Emmerson Mnangagwa yesterday sacked Winston Chitando from his Cabinet post and appointed Polite Kambamura as the new Minister of Mines and Mining Development, chief secretary Martin Rushwaya has said.
The removal was.
The Zimbabwe Miners Federation (ZMF) says Finance Minister Mthuli Ncube’s plan to double gold royalties will scare off new investment and promote gold smuggling.
ZMF represents small-scale miners, who produce over 75% of.
The mining sector is urging government and regulators to slash electricity tariffs, warning that soaring power costs and persistent outages are eroding production capacity and undermining profitability.
According to the State of the.
JERSEY-DOMICILED miner, Caledonia Mining Corporation, has warned that Zimbabwe’s proposed 2026 gold royalty reforms will squeeze profitability and cash generation at Blanket Mine while also weakening returns from its Bilboes project, which.
Africa will only capture meaningful economic value from rising global demand for critical minerals if it strengthens partnerships, improves infrastructure, ensures regulatory certainty and expands value-added industrial capacity.
This was the central message.
It’s a familiar Zimbabwean story: a big investment plan lands on the table, and then policy shifts force the investor back to the calculator.
Last week, Caledonia Mining announced plans to raise up.
London-listed Caledonia Minerals Corporation’s operating Blanket gold mine, in Zimbabwe, is expecting a lower level of profitability and cash generation relative to current market expectations, if a change in royalty in the.
AUSTRALIAN miner, Prospect Resources Limited, has completed the US$2,2 million sale of its Step Aside Lithium Project, formally ending the company’s operations in Zimbabwe.
Earlier this month, Prospect announced it had entered into.
Aim-listed Caledonia Mining has announced that it will proceed with the development of the Bilboes gold project, in Zimbabwe, following completion and publication of a feasibility study.
The project covers 2 731.6 ha.
