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ZimAlloys resumes chrome smelting
ZimAlloys, a ferrochrome producer based in Gweru, has restarted its chrome smelting operations after an 11-year break, thanks to a US$7 million investment from Kuvimba Mining House. The company's revi...Published: 18 Oct 2024 at 08:37hrs | 176 | by Staff reporter
Chrome ore concentrates are not minerals, rules Zimbabwe High Court
High Court Justice Siyabona Paul Musithu has issued a landmark ruling that could significantly affect the financial landscape for chrome miners in Zimbabwe. The court has determined that chrome ore co...Published: 20 Sep 2024 at 09:15hrs | 1482 | by Staff reporter
A city at risk of collapsing: The cost of the search for gold in Zimbabwe
DOROTHY Moyo says a prayer every time she walks, runs, or drives around her neighbourhood in central Zimbabwe - afraid that the earth will give away from beneath her feet, dragging her underground....Published: 07 Sep 2024 at 10:21hrs | 1882 | by Staff reporter
Zimbabwe to continue generating power from Kariba
Zimbabwe will continue generating power from the Kariba Hydro-Power Station through the end of the year, despite facing challenges due to low water levels. This assurance comes as Zambia plans to...Published: 05 Sep 2024 at 07:14hrs | 2668 | by Staff reporter
Zimbabwe, China sign 17 major deals
Zimbabwe and China have reaffirmed their Comprehensive Strategic Partnership of Cooperation by signing 17 agreements and Memorandums of Understanding (MoUs) across multiple sectors, including agricult...Published: 04 Sep 2024 at 07:50hrs | 382 | by Staff reporter
Hwange Power Station Unit 8 fault resolved
Zimbabwe's load-shedding is expected to improve following the resolution of a technical fault at Hwange Power Station Unit 8, which is now awaiting synchronization. ZESA Holdings is taking multiple st...Published: 28 Aug 2024 at 15:24hrs | 559 | by Staff reporter
Dexter Nduna outlines ambitious plan to transform Zimbabwe mining
Dexter Nduna, ZANU-PF's chairman for resource mobilisation and revenue generation, has outlined an ambitious plan to transform Zimbabwe's mining and agricultural sectors. Recently appointe...Published: 03 Aug 2024 at 12:32hrs | 148 | by Staff reporter
Zimbabwean mines given 2-year window to set up power plants
The Zimbabwean government has mandated that large-scale miners establish their own power generation plants by 2026 to meet the country's rising energy demands. This directive comes in response to proj...Published: 10 Jun 2024 at 08:40hrs | 24 | by Staff reporter
Afrochine loses US$3m tax battle with Zimra
AFROCHINE Smelting Private Limited has been ordered to pay nearly US$3 million in royalties for under-declaring its earnings. Afrochine Smelting is a company that produces and exports ferrochrome, an ...Published: 11 Mar 2024 at 11:31hrs | 1 | by Staff reporter
Manhize steel Plant to start production
THE majority of critical infrastructure at the US$1,5 billion Dinson Iron and Steel Company (Disco) steel plant in Manhize near Mvuma in the Midlands province has been successfully installed with the ...Published: 07 Mar 2024 at 05:04hrs | | by Staff reporter
Zimbabwe to benefit from AfDB's US$40m Mozambique facility
THE African Development Bank's (AfDB) US$40 million loan to Mozambique's State-owned rail and port authority, Portos e Caminhos de Ferro de Moçambique EP (CFM), will help neighbouring countries, incl...Published: 09 Feb 2024 at 06:59hrs | 1 | by Staff reporter
Chrome smelter to establish 300MW power plant
GWERU-BASED chrome smelting company, Jin Yi Enterprises is set to establish a 300MW solar and thermal duel power station to generate power for its operations and channel excess electricity to the nati...Published: 15 Jan 2024 at 05:22hrs | | by Staff reporter
Manhize production expected to start in February 2024
Production at the Dinson Iron and Steel Company plant in Manhize, Mvuma is expected to commence in February next year with the company targeting to produce three iron and steel products by October....Published: 29 Dec 2023 at 06:58hrs | 7 | by Staff reporter
Zimbabwe poised for more mega power projects
ZESA Holdings says the energy sector is poised for a turning point following proposals by some independent power producers (IPPs) to build two thermal power stations with a combined output of 1 600 me...Published: 28 Nov 2023 at 05:16hrs | 13 | by Staff reporter
Zimasco switches off 4 of its 6 furnaces
Ferrochrome producer, Zimasco has switched off four of its six furnaces at the Kwekwe plant owing to several challenges chief among them high power charges.The company is operating with two fu...Published: 27 Nov 2023 at 04:53hrs | 5 | by Staff reporter
Zimbabwe electricity generation to increase monthend
Power cuts being experienced across the country are expected to ease by the end of this month when power generation will increase on the back of two units being brought back to the national grid....Published: 16 Nov 2023 at 05:03hrs | | by Staff reporter
Zimbabwe sees surge in mining investments
Zimbabwe's mining sector has witnessed a surge in investment over the past two years, with several companies investing heavily in exploration, expansion, and plant construction.A recent survey...Published: 09 Nov 2023 at 05:53hrs | 17 | by Staff reporter
Mineral revenue slumps 29%
In the first half of this year, Zimbabwe's mineral revenue experienced a 29% decline, amounting to US$2.6 billion, owing to several challenges, including falling commodity prices, foreign currency sho...Published: 03 Nov 2023 at 05:44hrs | 8 | by Staff reporter
Dinson set to open Zimbabwe steelworks next month
Dinson Iron and Steel Company (Disco) located near Mvuma in Manhize is set to be inaugurated next month, as announced by Minister of Veterans of the Liberation Struggle Affairs, Ambassador Christopher...Published: 03 Nov 2023 at 05:35hrs | 7 | by Staff reporter
Africa's 'biggest steel plant' fires off furnace this December
A Chinese firm, responsible for constructing what has been hailed as Africa's largest steel operation near Mvuma, Zimbabwe, has announced that it will commence its furnace operations in December as th...Published: 21 Oct 2023 at 18:54hrs | 11 | by Staff reporter
ZimAlloys set to fire up new furnaces after $40m injection
ONE of the country's largest ferrochrome producers, Zimbabwe Alloys (ZimAlloys) will next month return to production after a new shareholder injected close to US$40 million to revive the company....Published: 29 Sep 2023 at 10:10hrs | | by Staff reporter
Zanu-PF thanks BRICS for standing with Zimbabwe
Zanu-PF Secretary for Information and Publicity Ambassador Christopher Mutsvangwa has thanked BRICS countries for standing with Zimbabwe to avoid chaos caused by western countries in other parts of th...Published: 19 Aug 2023 at 19:40hrs | | by Staff reporter
Zida approved 4 PPPs in Q2
THE Zimbabwe Investment and Development Agency (Zida) approved four public-private partnerships (PPPs) in the second quarter of this year, with a combined value of more than US$186 million.The...Published: 17 Jul 2023 at 06:58hrs | 7 | by Staff reporter
Mnangagwa dangles mining titles to Chiefs and war veterans
Government has granted authority for traditional leaders and war veterans to acquire mining tittles as part of efforts to broaden the participation of communities in the mining sector.In addit...Published: 05 Jul 2023 at 07:13hrs | | by Staff reporter
Dinson Iron and Steel Company project reaches 70% completion
Dinson Iron and Steel Company (Disco) is confident that the US$1,5 billion steel plant being constructed in Mvuma will be completed this year as the project has reached 70 percent completion. ...Published: 23 Jun 2023 at 06:29hrs | | by Staff reporter
Dinson Iron and Steel Company seeks partners for Manhize-Beira rail project
PLANS are at an advanced stage for the construction of a dedicated railway line to connect the US$1,5 billion Dinson Iron and Steel Company (Disco) Manhize plant to Beira in Mozambique, which will enh...Published: 22 Jun 2023 at 06:36hrs | 1 | by Staff reporter
New city for 30 000 residents on the cards in Zimbabwe
GOVERNMENT has approved a plan for the development of a new town between Mvuma-Chivhu and Manhize in the Midlands province amid growing interest from industrialists, banks, and other service providers...Published: 19 Jun 2023 at 06:45hrs | 12 | by Staff reporter
Power outages dent RioZim production
GOLD production at Cam & Motor Mine — one of RioZim Limited's flagship operations — increased 92% in the first quarter of this year on the back of the Biological Oxidation (BIOX) plant that ca...Published: 25 May 2023 at 06:27hrs | | by Staff reporter
SA chrome tycoon 'pays millions' to Zanu-PF chefs
A FIRM controlled by one of South Africa's richest tycoons suspiciously moved millions of United States dollars to politically connected Zimbabwean companies and powerful individuals, about five years...Published: 29 Apr 2023 at 19:32hrs | 9 | by Staff reporter
Mnangagwa, Chiwenga 'secret millions' exposed?
PRESIDENT Emmerson Mnangagwa and his deputy, Constantino Chiwenga or their allies and relatives allegedly received US$3 million from a controversial South African businessman, Zunaid Moti at the heigh...Published: 29 Apr 2023 at 07:53hrs | 371 | by Staff reporter
Chinese steel plant now 60% complete
THE US$1,5 billion steel plant being constructed in Mvuma, 200km south of Harare, by the Chinese giant, Dinson Iron and Steel Company (Disco), is now 60% complete, NewsDay Business heard yesterday....Published: 26 Apr 2023 at 06:31hrs | 2 | by Staff reporter
Zimbabwean minister sweats over idle platinum miner
INVESTORS in one of Zimbabwe's biggest platinum projects - Todal Mining - were this week said to have dumped the project, turning the heat on Mines minister Winston Chitando to cancel its licence....Published: 14 Apr 2023 at 19:47hrs | 1 | by Staff reporter
ZimAlloys ready to switch on its biggest furnace
ZIMBABWE Alloys (ZimAlloys), one of the country's biggest producers of ferrochrome, will restart its 50 000 tonnes per year furnace in July this year after investing more than US$13 million in it, an ...Published: 30 Mar 2023 at 06:38hrs | | by Staff reporter
No handouts to investors in Zimbabwe, says Mutsvangwa
Under President Mnangagwa, there are no handouts to investors, who are all welcome from any part of the world at own risk, Zanu-PF Secretary for Information and Publicity Cde Christopher Mutsvangwa ha...Published: 18 Mar 2023 at 06:31hrs | | by Staff reporter
Zesa mulls switch to forex-indexed power tariff
POWER utility Zesa Holdings Limited wants all of its clients, including industries, to pay their electricity bills in foreign currency to fulfil its power import commitments, Zimbabwe Independent can ...Published: 12 Feb 2023 at 07:26hrs | | by Staff reporter
Zimasco readies to commence production
KWEKWE-based ferrochrome producer, Zimasco, is in the process of switching on three of its furnaces as it seeks to resume operations.The ferrochrome producer switched off its Kwekwe plant in N...Published: 01 Feb 2023 at 07:42hrs | 6 | by Staff reporter
Chinese firm to manufacture lithium batteries in Zimbabwe
CHINESE steel manufacturer Dinson Iron and Steel Company (DISCO) says it intends to locally produce lithium-ion batteries as Zimbabwe has all the raw materials required in the production process....Published: 08 Jan 2023 at 09:30hrs | 5 | by Staff reporter
Steel firms pour US$1 billion into Zimbabwe
Major steel-processing firms developing operations in Zimbabwe have this year invested over US$1 billion into their projects, which are at various stages of implementation, official data showed yester...Published: 27 Dec 2022 at 06:40hrs | 1 | by Staff reporter
Zimbabwe's new steel plant 40% complete
Construction of a carbon steel plant in Manhize, Chivhu, by Dinson Iron and Steel Company (Disco) is 40 percent complete, it has been learnt.Addressing a post-Cabinet media briefing, acting In...Published: 04 Dec 2022 at 08:04hrs | 1 | by Staff reporter
Zesa tariff hike looms for miners
ZESA Holdings is set to review tariffs for major consumers such as miners to improve generation and boost its capacity to import electricity to meet local demand.In his 2023 national budget st...Published: 02 Dec 2022 at 05:01hrs | | by Staff reporter
Government outlines measures to stabilise electricity supply
Efforts to stabilise electricity supply are ongoing, with the Government coming up with a raft of measures such as gradually reviewing the tariff upwards so that funds are available for maintenance, i...Published: 02 Dec 2022 at 04:56hrs | | by Staff reporter
Global steel giant shows confidence in Zimbabwe
Zimbabwe stands ready to welcome more investors from across the globe for win-win outcomes such as the development of the country's rich mineral resources, and the multi-billion-dollar steel mills and...Published: 30 Nov 2022 at 04:59hrs | | by Staff reporter
Investors to get Zimbabwean citizenship
Deserving investors will be granted citizenship as part of Government efforts to increase investment, Information, Publicity and Broadcasting Services Minister Monica Mutsvangwa has said.The S...Published: 04 Nov 2022 at 05:27hrs | | by Staff reporter
Zimbabwe's US$1 billion steel project takes off
PRESIDENT Mnangagwa yesterday led the ground-breaking ceremony of the long-anticipated US$1billion integrated Dinson Iron and Steel Industrial Park being established in Manhize, Chirumhanzu District, ...Published: 07 Oct 2022 at 05:57hrs | 9 | by Staff reporter
'Mnangagwa's govt pampering looters with tax breaks'
ZIMBABWE'S civic society organisations have raised fresh concerns over elevated plunder of the country's resources by multinationals, and are pushing to close loopholes.During a crucial confer...Published: 15 Sep 2022 at 05:53hrs | | by Staff reporter
ZIMASCO starts building two new furnaces
ZIMASCO, a unit of China's Sinosteel, has started building two new furnaces at the Kwekwe complex as it targets to raise capacity by 40 percent, a spokesperson said.The US$35 million investmen...Published: 01 Sep 2022 at 06:29hrs | | by Staff reporter
'Zimbabwe economy enters growth phase'
President Mnangagwa said Zimbabwe's economy has transitioned from recovery to a growth phase, adding economic activity is projected to expand by a weighty 4,6 percent in 2022 despite the negative impa...Published: 11 Aug 2022 at 06:38hrs | | by Staff reporter
Zimbabwe mining surpasses US$5 billion
Zimbabwe's mining sector is registering unprecedented growth, for the first time in history, with earnings jumping to US$5,2 billion in 2021 from about US$2,9 billion in 2017, as positive gains contin...Published: 22 Jul 2022 at 06:39hrs | 1 | by Staff reporter
National project status speeds up steel plant
The granting of national project status to the $1 billion Manhize Steel plant near Mvuma will help speed up the setting of key infrastructure with the plant now expected to be operational as early as ...Published: 23 Jun 2022 at 06:42hrs | | by Staff reporter
Chinese firm to breathe life into Zimbabwe steel sector
THE chief executive officer (CEO) of Tsingshan Investments Zimbabwe revealed this week how his firm has located immense opportunities in Zimbabwe, where it plans to weave around a string of corporate ...Published: 06 May 2022 at 19:26hrs | 7 | by Staff reporter
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