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Zimbabwe's gold sector performing exceptionally well, but
Zimbabwe's gold sector is experiencing a period of robust growth, yet mining leaders and experts are asking whether the country is fully capitalising on its mineral wealth.This was the central...Published: 24 May 2025 at 09:00hrs | 68 | by Staff reporter
Ghana orders foreigners to exit gold market by April 30
Ghana has ordered foreigners to exit its gold trading market by the end of the month, a new government body said on Monday, as the West African country looks to streamline gold purchases from small-sc...Published: 15 Apr 2025 at 08:33hrs | 296 | 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 | 481 | by Staff reporter
Scott Sakupwanya controls half of Zimbabwe's gold sales?
Gold dealer Scott Sakupwanya says he delivered almost half of the gold sold to the official buyer, Fidelity, in 2023.Sakupwanya says his company Better Brands delivered 13 tonnes of gold to Fi...Published: 25 Feb 2024 at 09:24hrs | 75 | by Staff reporter
Chamisa slams Zimbabwe govt's currency board plan
Opposition leader Nelson Chamisa has strongly criticized the government's proposed introduction of a currency board as an attempt to revive the struggling Zimbabwe dollar, stating that it will ultimat...Published: 16 Feb 2024 at 07:42hrs | 2 | by Staff reporter
Upcoming Zimbabwe, DRC polls a bellwether for Sadc, African democracy
IN the era of democratic decline, signs of hope persist. One example in our region is the Electoral Support Network — Southern Africa (ESN-SA) which comprises domestic civic organisations of the 16 ...Published: 12 May 2023 at 06:23hrs | 5 | by John Stremlau
Caledonia starts direct sale of gold outside Zimbabwe
MULTI-ASSET gold producer Caledonia Mining Corporation has commenced the direct sale of gold produced from Blanket Mine — its flagship operation — to a refiner outside Zimbabwe, NewsDay Business c...Published: 05 May 2023 at 06:20hrs | 1 | by Staff reporter
Political plot to corrupt Zimbabwe's judiciary?
CORRUPT government officials are maneuvering to manipulate an anticipated investigation into allegations of misconduct and corruption against High Court judge Webster Chinhamora as he is seen to be pr...Published: 02 Apr 2023 at 11:12hrs | 4 | by Staff reporter
Fidelity Printers in kickbacks storm
FORMER Fidelity Printers and Refiners general manager Fradreck Kunak (pictured) a and the company's head of gold operations Mehluleli Dube were allegedly paid US$30 000 and US$3 000 kickbacks apiece e...Published: 02 Apr 2023 at 11:11hrs | 2 | by Staff reporter
Judge dismisses depositor's US$179,000 debt claim from CABS
A local pensioner, Duncan Hugh Cocksedge, is counting his losses after his US$179,000 bank balance which was being held in a CABS account was wiped out after being wholly converted to local currency t...Published: 28 Feb 2023 at 19:53hrs | | by Staff reporter
Skyz Metro FM caught in Bosso elections storm
Bulawayo based radio station Skyz Metro FM has been caught in the Highlanders elections storm after its popular presenter Babongile Sikhonjwa allegedly declared during his Saturday morning show that h...Published: 18 Jan 2021 at 17:45hrs | 1 | by Staff reporter
Zimbabwe under investor pressure to end gold sales monopoly
Gold mining investors are pressuring Zimbabwe to change a law forcing producers to sell their output to the central bank, which part pays them in local currency that’s worthless outside the country....Published: 12 Nov 2020 at 19:29hrs | 1 | by Staff reporter
Mangudya's RBZ in trouble over US$27,5m debt
London-based grain and fertiliser exporter, Holbud Limited, has approached the High Court seeking a court order to register a US$27,5 million arbitral award granted against the Reserve Bank of Zimbabw...Published: 22 May 2019 at 06:16hrs | 1 | by Staff reporter
Mystery of Zimbabwe's forex market
"Zimbabwe's tobacco sales have reached a record high of 237,1 million kg with a week to go before the selling season ends, official data showed" - Reuters (July 23 2018)."Gold deliveries to Fi...Published: 03 May 2019 at 20:48hrs | 14 | by Chigogwana, Sikhosana and Mashozhera
Many of our leaders are just like that baboon
We seem to have been putting up with a lousy government, forever besetted corruption, nonsensical monetary and macroeconomic policies forever. First, we had the Rhodesian government from 1960 onwards,...Published: 01 Jan 2019 at 11:21hrs | 1 | by Eddie Cross
The Outlook for 2019 is Dismal - unless?
I was called by a major local newspaper this past week and asked what my view of 2019 was? I laughed at the question because right now I do not think anyone could tell you what is going on, let alone ...Published: 22 Dec 2018 at 17:05hrs | 2 | by Eddie Cross
Joram Gumbo refuses to resign
Energy and Power Development minister Joram Gumbo has stuck to his guns, declaring that he will not resign despite pressure from stakeholders peeved by the worsening fuel situation.This follow...Published: 10 Oct 2018 at 15:55hrs | | by Staff reporter
RioZim plans legal action against RBZ
Diversified resources group RioZim Limited, is planning legal action against the Reserve Bank of Zimbabwe (RBZ) over failure to meet its obligation to avail foreign currency saying this is choking its...Published: 10 Oct 2018 at 06:20hrs | | by Staff reporter
Investors keen on $2bn Sengwa power project
LISTED mining group, RioZim, says there has been renewed investor interest in its proposed $2,1 billion Sengwa Thermal Power station expected to produce 2 800 megawatts. In a statement accompa...Published: 02 Oct 2018 at 09:42hrs | | by Staff reporter
RioZim gold output up 18%
RioZim posted a revenue growth of 17 per cent in the six months to June owing to increased gold production from Dalny, Cam and Motor and Renco Mines supported by firm gold prices.The group's d...Published: 28 Sep 2018 at 06:43hrs | | by Views Matopo
Zimbabwe economy skids
Analysts have raised fears that the country's troubled economy could soon plunge into another full blown crisis akin to the ugly 2008 hyper-inflationary era — unless the government acts urgently to ...Published: 05 Sep 2018 at 15:46hrs | | by Staff reporter
Fidelity reduces US$ payouts to miners
FIDELITY Printers and Refiners has reduced cash payouts to small-scale gold miners by 40 percent, a move some industry players fear may hurt production and give rise to smuggling of the precious miner...Published: 27 Sep 2017 at 06:23hrs | 1 | by Staff reporter
Mine Invaders likely to have generated $3m in businessman's mine
A Kadoma businessman has claimed that some invaders of his mine are likely to have so far generated over $3 million in gold sales from his mine which he is embroiled in legal wrangle with a top govern...Published: 09 Oct 2016 at 10:06hrs | | by Stephen Jakes
RBZ governor turns to faith
RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya yesterday said there is need to "walk by faith", not by sight in this economy, as economists shot down plans to introduce bond notes as part of me...Published: 14 May 2016 at 14:24hrs | | by Staff reporter
'Larger' bond coins introduced in Zim
ZIMBABWE will soon introduce bond notes valued at $200 million among several other measures designed to ease an acute shortage of cash, amid fears the move was a subtle way of bringing back the long-d...Published: 05 May 2016 at 08:11hrs | | by Staff Reporter
Pickstone Peerless targets 500kg of gold
CHEGUTU-based Pickstone Peerless gold mine plans to produce over 500 kilogrammes of gold this year, spurred by a $17 million capital investment made in recent years.The mine is projected to pr...Published: 24 Jan 2016 at 05:50hrs | 4 | by Africa Moyo
Zimplats in $74 million loss
The country's largest platinum producer, Zimplats recorded a $74,3 million loss after tax for the year ended June 30 2015, a 177 percent drop from $97,1 million for the previous year. This was...Published: 01 Sep 2015 at 07:00hrs | | by Staff reporter
Govt launches blitz on gold producers
The government has embarked on a crackdown exercise on all gold producers to ensure compliance with stipulated regulations.Official sources in the gold mining sector say the crackdown is mainl...Published: 13 Jul 2015 at 18:05hrs | | by Staff reporter
Zanu-PF is disintegrating
Zimbabwe is again at an "interesting" place. The outcome will determine the immediate events in my country and maybe even in the longer term.The past determines the future and we need to quick...Published: 24 Nov 2014 at 18:37hrs | | by Eddie Cross
Government closes down 11 gold mining companies
Government has temporarily shut down 11 gold mining companies for non-compliance with mining regulations in a drastic measure to curb gold leakages and increase deliveries. Gold leakages have been...Published: 15 Nov 2014 at 09:41hrs | | by Daniel Nemukuyu
Barman killed for running our of beer
A Bulawayo circuit High Court judge sitting in Gweru has slapped a Lower Gweru gold panner with an effective 22-year-jail term for murder.According to prosecutor Mirirai Shumba, it was the sta...Published: 10 Feb 2014 at 09:52hrs | 1 | by Staff reporter
Mugabe plans ban on private gold sales
Zimbabwean President Robert Mugabe said on Friday his government would soon ban private trade in gold, and require producers to sell the mineral through a state company.Addressing an annual c...Published: 14 Dec 2013 at 09:25hrs | | by Reuters
New Dawn threatens to pull out of Zimbabwe
New Dawn Mining Corporation has threatened to divest from Zimbabwe if its planned cost-reduction measures fail and the international gold price continues to fall.The gold miner - operating fi...Published: 21 Jul 2013 at 10:32hrs | 3 | by Business reporter
New Dawn marginally increase gold production
New Dawn Mining reported consolidated gold production for the quarter ended June 30, 2013 of 9,986 ounces as compared to consolidated gold production for the quarter ended June 30, 2012 of 9,536 ounce...Published: 17 Jul 2013 at 10:27hrs | | by Business reporter
New Dawn increase gold production from its five mines
CANADA based gold miner New Dawn Mining on Thursday said it has produced 2% more gold from its five mines quarter-on-quarter in the first quarter ended March 31.The junior produced 9,253 oz in...Published: 19 Apr 2013 at 06:37hrs | | by Business 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
New Dawn increase gold sales
New Dawn Mining reported consolidated gold production for the quarter ended December 31, 2012 of 9,069 ounces (8,440 ounces attributable to New Dawn, after adjusting for the minority interests' share...Published: 23 Jan 2013 at 05:39hrs | | by Business reporter
Falcon Gold to become New Dawn subsidiary
FALCON Gold Zimbabwe will later this month convene a meeting of shareholders to seek approval to become a full subsidiary of New Dawn Mining Corporation Under a scheme of arrangement, minority shareh...Published: 03 Sep 2012 at 21:49hrs | | by Business Reporter
New Dawn reports increased gold sales
New Dawn Mining reported consolidated gold production for the quarter ended June 30, 2012 of 9,536 ounces (8,702 ounces attributable to New Dawn, after adjusting for the minority interests' share of g...Published: 24 Jul 2012 at 12:39hrs | | by Business reporter
New Dawn revenue increases to $14.86 million for the quarter ended March
New Dawn's consolidated gold production was 8,736 ounces of gold (7,926 ounces attributable) for the quarter ended March 31, 2012, as compared to 6,226 ounces of gold (5,853 ounces attributable) for t...Published: 15 May 2012 at 12:06hrs | | by Nare Msupatsila
New Dawn increase gold production by 40.3 percent
New Dawn Mining reported consolidated gold production for the quarter ended March 31, 2012 of 8,736 ounces (7,926 ounces attributable to New Dawn, after adjusting for the minority interests' share o...Published: 25 Apr 2012 at 13:48hrs | 1 | by Nare Msupatsila
New Dawn gold productions scales new highs
New Dawn's consolidated gold production reached a record of 9,095 ounces of gold (8,399 ounces attributable) for the quarter ended December 31, 2011, as compared to 4,808 ounces of gold (4,577 ounces...Published: 14 Mar 2012 at 04:35hrs | | by Nare Msupatsila
New Dawn Mining Reports Record Sales and Gold Production
New Dawn, which has five mines that are currently operational and producing gold in Zimbabwe, reported consolidated gold production for the quarter ended December 31, 2011 of 9,095 ounces (8,399 oun...Published: 23 Jan 2012 at 16:18hrs | | by Nare Msupatsila
New Dawn reports $14.060 million in Quarterly Gold Sales
New Dawn reported consolidated gold production of 8,814 ounces of gold produced (8,212 ounces attributable) for the quarter ended September 30, 2011, as compared to 4,141 ounces of gold produced (4,02...Published: 18 Oct 2011 at 12:26hrs | | by Mafu Sithabile
Why investing in Zimbabwe makes good sense
A friend has to make a presentation to potential investors on the opportunities for investment in Zimbabwe today. She asked me to outline what sort of case I would make if I were in her shoes. Tough c...Published: 01 Aug 2011 at 05:28hrs | | by Eddie Cross
New Dawn gold production rises by 111 percent
CANADA-BASED gold producer New Dawn Mining Corporation reported consolidated gold production of 6,841 ounces of gold produced (6,355 ounces attributable to New Dawn, after adjusting for the minority i...Published: 29 Jul 2011 at 04:56hrs | 4 | by Ndou Paul
Analysts dismiss the Global Financial Magazine Report
Economic analysts have questioned dubious economic surveys by some international institutions including the recent ...Published: 28 Jun 2011 at 17:20hrs | 1 | by Ndou Paul
Zimbabwe is the poorest nation in the world: US report
Zimbabwe is the second poorest country in the world a ...Published: 26 Jun 2011 at 13:53hrs | | by Nare Msupatsila
Zidera bites Zimbabwe diamonds money
The United States' central bank and the Federal Reserve bank have frozen two Zimbabwean accounts belonging to Minerals Marketing Corporation of Zimbabwe (MMCZ) and Zimbabwe Mining Development Corpora...Published: 14 Mar 2011 at 04:28hrs | | by Byo24NEWS
New Dawn gold output increases
NEW Dawn Mining Corporation's local gold mining operations through Central Africa Gold recorded their highest quarterly consolidated sales and production in the December quarter....Published: 16 Feb 2011 at 05:08hrs | | by Byo24News
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