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Zanu-PF grabs gold-rich mine
ZANU-PF officials, led by Dambudzo Mnangagwa who claims to represent the First Family, are reportedly involved in a targeted attempt to illegally seize control of gold-rich Vubachikwe Mine in Gwanda, ...Published: 11 Jan 2025 at 08:41hrs | 768 | by Staff reporter
Ingwebu appoints new board members
THE Bulawayo Municipal Commercial Undertaking-owned Ingwebu Breweries recently had two members added to its eight-member board.Mr Kalani Ndlovu who owns Umjayeli Security and Mavuna Lodge and ...Published: 05 Mar 2023 at 06:19hrs | 17 | by Staff reporter
Quailed-off Vumbachikwe Mine Spouse demo brews possible spontaneous strike
Tuesday the 8th of November 2022 saw more than five hundred disgruntled Vumbachikwe (known as Forbes and Thompson Duration Gold Mine) spouses of mine work...Published: 09 Nov 2022 at 13:30hrs | 5 | by Maxwell Teedzai
Duration Gold launches Zimbabwe 'second biggest' exploration
AMBITIOUS resources outfit Duration Gold said this week it had launched a ground breaking multi-commodity exploration campaign, which could help it achieve a long-cherished ambition to become a large-...Published: 17 Jun 2022 at 08:56hrs | 94 | by Staff reporter
Vumbachikwe Gold Mine hit by mass exodus of workers
A TOTAL of 23 senior and junior managers plus 140 general workers have quit Vumbachikwe Gold Mine in Gwanda, Matabeleland South, within the past two months.According to an internal memo seen b...Published: 07 Apr 2022 at 06:36hrs | 6 | by Staff reporter
Mine in Mashurugwi deal to end violence
DURATION Gold, proprietors of infamous Gaika Mine in Kwekwe have gone into a win-win partnership with artisanal miners at part of their Athens Mine in Mvuma in a bid to permanently end bloody battles ...Published: 15 Dec 2020 at 07:56hrs | | by Staff reporter
Police, soldiers join Gaika looting spree
GOVERNMENT is facing fresh headaches over Gaika Mine invasion after soldiers and police officers deployed to seal it off started to fraternise with the trespassers and joined the gold looting spree, i...Published: 26 Apr 2019 at 17:29hrs | 1 | by Staff reporter
Minister fouls Mnangagwa's plans fouled by Owen Ncube
ZIMBABWE's efforts to attract much-needed investment are being undermined by a fatal combination of executive folly and policy inconsistencies - that have seen international investors being warned aga...Published: 22 Apr 2019 at 17:14hrs | 3 | by Staff reporter
RBZ accused of buying stolen gold
Fidelity Printers and Refiners (FPR), a subsidiary of the Reserve Bank of Zimbabwe responsible for the purchasing, refining and exporting of gold, is under fire for buying "stolen gold" from illegal a...Published: 15 Mar 2019 at 06:00hrs | | by Staff reporter
AMWZ fight Vhumbachikwe workers’ dismissal after strike
Associated Mine Workers Union of Zimbabwe has engaged its lawyers after Vhumbachikwe Mine unilaterally dismissed 50 employees for engaging in a strike in December 2016.The employees were...Published: 30 Jan 2017 at 04:59hrs | | by Staff Reporter
Deputy Minister, MP in Gwanda mine wrangle
A Gwanda-based gold mine, Vumbachikwe trading as Duration Gold Limited, has alleged that Mines and Mining Development Deputy Minister Fred Moyo and Gwanda Central legislator Edson Gumbo are frustratin...Published: 11 Mar 2016 at 05:52hrs | 2 | by Lloyd Gumbo
Gwanda mine continues to defy indigenisation laws
Duration Gold, the company that took over operations at Vumba Chigwe Mine in Gwanda has continued to defy government on ceding 51% share ownership to locals in line with the indigenisation laws....Published: 26 Dec 2014 at 20:33hrs | 4 | by Staff Reporter
19 foreign-owned companies defy Zanu PF's indigenisation policy
ZANU PF has turned the heat on 19 foreign-owned companies that have allegedly defied government policy to indigenise and called on its government side of the administration to penalise the firms....Published: 16 Dec 2013 at 05:35hrs | 1 | by Staff Reporter
Vumbachikwe Mine given 21-day ultimatum
THE National Indigenisation and Economic Empowerment Board (NIEEB) has issued a 21-day ultimatum to Vumbachikwe Mine to comply with the Indigenisation Act.Vumbachikwe Mine, located 16km fr...Published: 04 Oct 2013 at 15:32hrs | 1 | by Mafu Sithabile
Zim empowerment board threatens to shut down Stanchart Bank
THE Economic empowerment board has threatened to shut down British-owned Standard Chartered bank and three mining companies until they comply with the country's indigenisation laws.According ...Published: 08 Apr 2013 at 06:49hrs | 2 | by Staff reporter
Duration Gold gives in to indigenisation
Gwanda-based Vumbachikwe Gold Mine's foreign shareholder, Duration Gold, has capitulated to government demands and pressure from the local community to cede controlling shareholding to locals....Published: 24 Jan 2013 at 06:51hrs | | by Staff reporter
Zimbabwe gold output up 13%
ZIMBABWE'S gold output rose 13,4 percent last year to 14 742kg from 12 992kg a year earlier, but fell short of the targeted 15 000kg, latest figures from the Chamber of Mines show. Gold revenues...Published: 24 Jan 2013 at 04:27hrs | 2 | by Business Reporter
Old Mutual gets 7 days to submit acceptable empowerment plan
OLD Mutual has come under fire for failing to fulfil the indigenisation plan it tabled last year amid revelations that the country's largest insurer's major shareholders are now opposed to the initial...Published: 07 Sep 2011 at 04:30hrs | | by Staff reporter
Blanket Mine taking legal advise after Kasukuwere letter
BLANKET gold mine's says it is taking legal advice after Empowerment Minister Saviour Kasukuwere recommended the cancellation of its operating licence. In a statement issued ...Published: 19 Aug 2011 at 14:58hrs | | by Moyo Roy
Zim govt gives Barclays bank, Standard Chartered 2-weeks ultimatum
Barclays Bank, Standard Chartered, six mining companies and five other firms have been given a two-week ultimatum to submit acceptable indigenisation plans or risk losing their licences with t...Published: 19 Aug 2011 at 04:36hrs | | by Moyo Roy
List of companies that have submitted Zimbabwe empowerment forms
MINISTRY OF YOUTH DEVELOPMENT INDIGENISATION AND EMPOWERMENTThe following mining businesses have submitted their IDG 01 forms in response to the requirements of the General Notice 114 of 2011...Published: 11 Jul 2011 at 07:38hrs | 49 | by Ndou Paul
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