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Zimbabwe's gold output surges 33%
Zimbabwe's gold production surged by 33 percent in the third quarter of 2024, with output rising to 10.3 tonnes, compared to 7.7 tonnes in the previous quarter, according to official data from Fidelit...Published: 30 Oct 2024 at 07:53hrs | 144 | by Staff reporter
Zanu-PF gold baron refutes owing US$3m in gold deliveries, threatens
Zanu-PF's Insiza North Member of Parliament, Farai Taruvinga, a well-known gold magnate in Matabeleland South, is embroiled in a legal battle with gold buyer Shasha Richard Gomez over an unpaid gold d...Published: 17 Oct 2024 at 17:12hrs | 3884 | by Staff reporter
Zimbabwe US$4 million heist suspects named
Police have enlisted the assistance of Interpol to help track down six armed robbers involved in a daring bank heist in Bulawayo last week, in which the gang made off with over US$4.4 million. Authori...Published: 10 Oct 2024 at 12:59hrs | 5276 | by Staff reporter
Zimbabwe police to fish out US$4m heist criminals from South Africa
Police have enlisted the help of Interpol to track down six armed robbers who made off with over US$4.4 million in a daring bank heist in Bulawayo last week. The robbers, believed to be local criminal...Published: 10 Oct 2024 at 07:42hrs | 3363 | by Staff reporter
Zanu-PF MP ordered to pay US$3 million
Zanu-PF's Insiza North Member of Parliament, Farai Taruvinga, a prominent gold baron in Matabeleland South province, is facing legal action from gold buyer Shasha Richard Gomez over an unpaid gold del...Published: 07 Oct 2024 at 12:18hrs | 1720 | by Staff reporter
Pro-Mnangagwa war veterans faction to host congress
A faction of the Zimbabwe National Liberation War Veterans Association (ZNLWVA) is scheduled to hold an elective congress in President Emmerson Mnangagwa's Midlands province on Sunday, with plans to e...Published: 06 Oct 2024 at 10:15hrs | 840 | by Staff reporter
7 big global companies dump South Africa
Many large global companies, including Shell, HSBC, PNB Paribas, Rolex, AngloGold Ashanti, TotalEnergies, and BP's Aviation Fuel Business, are dumping South Africa.Last week, HSBC announced th...Published: 02 Oct 2024 at 12:35hrs | 1185 | by Staff reporter
Chinese company to build lithium refinery plant in Zimbabwe
Sinomine Resource Group Co.'s Zimbabwean unit plans to build a $500 million lithium refinery in the next 3-5 years, even as the company currently loses money due to weak metal prices."We have ...Published: 01 Oct 2024 at 15:34hrs | 1890 | by Staff reporter
China mining firms partner with Zimbabwe on lithium mine
Chinese miners Zhejiang Huayou Cobalt Co. and Tsingshan Holding Group Co. are defying low lithium prices to develop a deposit of the battery metal with a Zimbabwean state company.The two firms...Published: 26 Sep 2024 at 13:56hrs | 242 | by Staff reporter
Zimbabwe aims to maximize gold revenue amid global demand surge
The Ministry of Mines has officially launched the 2024 Second Gold Mobilisation exercise, a strategic initiative designed to ensure compliance and optimize revenue from Zimbabwe's gold mining sector. ...Published: 17 Sep 2024 at 06:49hrs | 160 | by Staff reporter
Zimbabwe deploys gold mobilisation taskforce
Authorities have deployed a national gold mobilisation taskforce to Zimbabwe's eight mining provinces in a strategic move to increase gold deliveries to Fidelity Printers and Refineries (FPR). This in...Published: 17 Sep 2024 at 06:35hrs | 450 | by Staff reporter
Boost for ZiG as gold deliveries soar
Zimbabwe saw a significant increase in gold deliveries in July, driven mainly by contributions from artisanal and small-scale miners. Deliveries surged by 33% to 3,495 kg from 2,618 kg in June...Published: 11 Aug 2024 at 18:33hrs | 345 | 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
Willowton to unveil US$7m margarine plant
Willowton, a Mutare-based producer of edible oils and soaps, is about to launch a new margarine plant. The facility, currently in test runs, will begin full production in September with a monthly capa...Published: 24 Jul 2024 at 09:16hrs | 306 | by Staff reporter
Zimbabwe's lithium gambit: Navigating China-US rivalry
Lithium is Zimbabwe's third-largest mineral export after gold and platinum group of metals, bringing in US$2,46 billion and US$2,27 billion, respectively, in 2023.AS the world is going through...Published: 15 Jul 2024 at 08:17hrs | 239 | by Samir Bhattacharya
Reserves backing Zimbabwe's ZiG shoot to US$370 million
Prices of goods and services in Zimbabwe are expected to remain stable, thanks to increased cash and mineral reserves backing the new currency, Zimbabwe Gold (ZiG). These reserves have risen from US$2...Published: 07 Jul 2024 at 10:34hrs | 75 | by Staff reporter
Gold output rebounds after Govt intervention
Gold deliveries by small-scale miners to Fidelity Gold Refinery have rebounded to January 2024 levels after the reversal of a 15 percent value-added tax (VAT) on gold deliveries. In the second quarter...Published: 07 Jul 2024 at 10:21hrs | | by Staff reporter
Shareholders cream off US$1,6b from Mutapa
Zimbabwe's debt restructuring talks are at risk following revelations that the country's liabilities may have increased due to a secretive US$1.6 billion payment to unknown shareholders under the sove...Published: 04 Jul 2024 at 09:33hrs | 5 | by Staff reporter
Fidelity Gold Refinery gold supply zero-rating policy shows promise
The zero-rating of gold deliveries to Fidelity Gold Refinery (FGR) has started bearing fruits as the local currency, the Zimbabwe Gold (ZiG) continues to strengthen while gold miners have been allevia...Published: 18 Jun 2024 at 17:17hrs | 28 | by Tonderai Ndoro
Farewell Chairman VK: Reflections of a dear friend
The late Vimbai Kamoyo (VK) was quite a character.They buried him last week in Chiunye village, Mt Darwin, Mashonaland Central. Between him and I, the title of "Chairman" took tu...Published: 18 Jun 2024 at 14:54hrs | 33 | by Josiah Mucharowana in Pretoria
Zimbabwe govt scraps VAT on gold deliveries
Finance, Economic Development and Investment Promotion Minister, Professor Mthuli Ncube, has abolished the 15 percent Value Added Tax (VAT) on gold deliveries to Fidelity Gold Refiners, as stipulated ...Published: 14 Jun 2024 at 07:05hrs | 187 | by Staff reporter
Zimbabwe is hardly undiscovered ground for the world's miners
Zimbabwe has huge amounts of unexplored and underexploited mineral resource potential and the world's resource companies could be lining up to rebuild Zimbabwe's once-mighty gold mines and metal refin...Published: 11 Jun 2024 at 09:59hrs | 7 | by Staff reporter
Mimosa to use Zimplats' Base Metal Refinery
Mimosa Mining Company has entered into an agreement with Zimplats, the country's largest platinum group metal (PGM) producer, to use Zimplats' Base Metal Refinery (BMR) to maximize the nation's PGM be...Published: 03 Jun 2024 at 13:12hrs | 8 | by Staff reporter
Zimbabwe mulls probe into drop in gold output
The government is considering investigating the small-scale gold mining sector to determine the factors behind the recent decline in deliveries, amid fears of increased smuggling. Gold production from...Published: 02 Jun 2024 at 09:04hrs | 1 | by Staff reporter
Zimbabwe to start gold-tracing system in bid to curb smuggling
Zimbabwe's sole authorized buyer of gold will introduce a system that traces supply of the metal from mines to the market in a bid to stop smuggling.Fidelity Gold Refinery's initiative will st...Published: 21 May 2024 at 08:29hrs | | by Staff reporter
Zimbabwe lithium miners table refinery plans
Four lithium mining companies have tabled plans to produce battery-grade lithium in Zimbabwe, a government official said on Monday.Zimbabwe, Africa's top producer of lithium, which is used in ...Published: 21 May 2024 at 08:27hrs | 1 | by Staff reporter
Zapu's Sandi Moyo denied hero status, to be buried on Wednesday
THE burial for the late former Bulawayo Provincial Affairs Minister, Eunice Sandi Moyo, who died at Mater Dei Hospital last Thursday, has been set for Wednesday.Her daughter, Phoebe, confirmed...Published: 20 May 2024 at 08:23hrs | 7 | by Staff reporter
Sakunda challenge Bosso, Dembare
SAKUNDA Holdings has challenged Dynamos and Highlanders to win titles after the energy giant yesterday presented the two teams with their 2024 season kit.The country's two most supported clubs...Published: 12 Apr 2024 at 09:50hrs | | by Staff reporter
Mnangagwa government's game of darkness
NOW, if you put President Emmerson Mnangagwa, Mthuli Ncube and Kuda David Mnangagwa-the Finance minister and deputy minister, respectively—what will you get?Correct. Darkness. Lots of darkne...Published: 31 Mar 2024 at 16:30hrs | | by Tawanda Majoni
Tagwirei-linked firm in Zisco 'asset stripping orgy'
The much-hyped takeover of the Zimbabwe Iron and Steel Company (Zisco) by Kuvimba Mining House has failed to change the fortunes of the steelmaker amid allegations that the firm linked to businessman ...Published: 31 Mar 2024 at 15:20hrs | 1 | by Staff reporter
Zimplats shields US$1,8 billion expansion plan
PLATINUM giant Zimplats says the current cost-cutting initiatives aim to lessen the effect of budget cuts on its growth strategy, which includes a US$1,8 billion expansion programme.The compan...Published: 21 Mar 2024 at 08:46hrs | | by Staff reporter
Zimbabwe gold deliveries to Fidelity continue to decline
According to the latest official data, there has been a significant decrease in GOLD deliveries to Fidelity Printers and Refineries (FPR).Statistics from FPR indicate a 22% drop in gold delive...Published: 10 Mar 2024 at 06:28hrs | | by Staff reporter
Gold set to anchor Zimbabwe dollar
GOLD has emerged as the most ideal instrument likely to be used to anchor the structured currency the Government is pursuing to stabilise the exchange rate and curtail persistent inflation.The...Published: 10 Mar 2024 at 06:23hrs | 8 | by Staff reporter
Mpilo gets new dental, X-ray equipment
MPILO Central Hospital's Dental and X-ray departments have undergone a significant transformation with the installation of new state-of-the-art equipment.The upgrade enables the hospital to ef...Published: 03 Mar 2024 at 08:47hrs | 1 | by Staff reporter
Barbourfields or Heart Stadium for Dynamos 'home' games?
BARRING last minute improvements on stadia condemned as unfit to host Premier Soccer League games, giants Dynamos have the option to taking trips to Bulawayo, again, to play "home" games at Barbourfie...Published: 02 Mar 2024 at 07:48hrs | | by Staff reporter
Gold Mafia exposes Mnangagwa's US$240m election war chest
SELF-STYLED prophet and President Emmerson Mnangagwa's ambassador-at-large Uebert Madzanire, aka Uebert Angel, has claimed that Mnangagwa will spend US$240 million for his re-election bid.Appe...Published: 26 Feb 2024 at 04:55hrs | | by Staff reporter
Sangoma's US$30 000 wedding brings Harare to a standstill
SEKURU Tasvu's nuptials with his sweetheart Talent Qeliwe Mpofu last weekend were rare in more ways than one.Not only was it a spectacle to have a traditional healer opting to have a white wed...Published: 25 Feb 2024 at 07:08hrs | 10 | by Staff reporter
Mnangagwa must not exempt state entities from scrutiny
GOVERNANCE watchdogs has demanded that President Emmerson Mnangagwa discard his gazetted General Notice 164B of 2024 which exempts 21 key state entities from complying with the Public Procurement and ...Published: 21 Feb 2024 at 20:03hrs | 25 | by Staff reporter
Manica Diamond offers US$20,000 for Billiat
Manica Diamonds have sneaked in front of Dynamos and other competitors in the race to sign former Warriors talisman Khama Billiat, with the Mutare-based side said to have offered him a "deal that is d...Published: 18 Feb 2024 at 09:20hrs | | by Staff reporter
Mnangagwa govt is getting crazier
IF you are a Zimbabwean citizen or resident and still want to live on, you need super strong shock absorbers because the Mnangagwa administration is capable of crazy things that can easily kill you....Published: 11 Feb 2024 at 21:07hrs | | by Staff reporter
Mnangagwa exempts 21 entities from scrutiny
President Emmerson Mnangagwa has exempted 21 public entities from scrutiny in procurement and disposal of assets.The Reserve Bank of Zimbabwe, AFC Commercial Bank, Infrastructure Develop...Published: 09 Feb 2024 at 06:58hrs | | by Staff reporter
Lake Gwayi-Shangani completion date unknown, might take decades
THE completion of Lake Gwayi-Shangani which might take ages will see Matabeleland South also benefiting from the project through increased land under irrigation as dams which are currently supplying B...Published: 02 Feb 2024 at 04:54hrs | 1 | by Staff reporter
Nkulumane, Nketa and Emganwini will go without water from 2 - 4 February
The suburbs of Nkulumane, Nketa and Emganwini in Bulawayo will go without water due to planned maintenance work on the 675m pipe line from Criterion Reservoir to Magwegwe Reservoir at United Refinerie...Published: 01 Feb 2024 at 18:32hrs | | by Staff reporter
Completion of Lake Gwayi-Shangani to benefit Matebeleland South
THE completion of Lake Gwayi-Shangani will see Matebeleland South also benefiting from the project through increased land under irrigation as dams which are currently supplying Bulawayo with water wil...Published: 29 Jan 2024 at 05:52hrs | | by Staff reporter
Zimbabwe looks for investment spark in EV market
AN "open for business" initiative launched by the Zimbabwean government in 2018 is being supported by the growing demand for electric vehicles (EVs).The Zimbabwe Investment and Development Agency was ...Published: 24 Jan 2024 at 04:51hrs | 1 | by Staff reporter
SA court hears how diesel consignment from British oil company to Zimbabwe 'disappeared'
British oil company BP claimed to have exported a consignment of diesel to Zimbabwe in 2019 - but the fuel never arrived.A case brought by the South African Revenue Service (Sars) in a South A...Published: 17 Jan 2024 at 05:09hrs | 15 | by Staff reporter
Zimplats imports power directly from Zambia
Zimplats, the country's largest platinum producer, now directly imports up to 70 megawatts from Zambia, ensuring stable operations and potentially boosting production.Last year, Zimplats signe...Published: 12 Jan 2024 at 04:59hrs | 2 | by Staff reporter
Zimbabwe gold output declines 15%
Zimbabwe produced 30 metric tons of gold in 2023, 15% less than the previous year, official data showed on Monday, as electricity cuts and currency volatility impacted output.The southern Afri...Published: 10 Jan 2024 at 17:47hrs | 7 | by Staff reporter
How a Zimbabwean business coach went from artisinal miner to CEO
"I am always busy from Monday to Friday working for the Youth Miners Foundation, and on other days I will be at my own gold mine…" Payne Farai Kupfuwa, the 36-year-old CEO of the Young Miners Founda...Published: 31 Dec 2023 at 08:57hrs | 10 | by Staff reporter
9 robbers shot as cops name 20 most wanted criminals
NINE suspected robbers sustained injuries after they were shot by police in Harare on Thursday in a crackdown, while the hunt is on for 20 suspects whom detectives have named as Zimbabwe's most wanted...Published: 17 Dec 2023 at 09:42hrs | 4 | by Staff reporter
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