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ZESA singlehandedly destroying Zimbabwe: The shocking truth behind the power crisis
In Zimbabwe, there is a harsh reality that every citizen faces: power outages, or "load shedding," are an almost daily occurrence. Power cuts, sometimes lasting up to 18 hours, have become the...Published: 12 Nov 2024 at 21:07hrs | 3693 | by Tendai Ruben Mbofana
Zimbabwe's energy crisis deepens?
Zimbabwean businesses are once again counting the costs of electricity outages as low water levels at the Kariba Dam have resulted in reduced power generation while frequent breakdowns at the coal the...Published: 05 Nov 2024 at 08:27hrs | 3825 | by Staff reporter
Sifiso Dabengwa to be buried in South Africa
Zimbabwean-born South African corporate executive Raymond Sifiso Dabengwa, former CEO of MTN Group and Eskom board member, will be laid to rest in Johannesburg on Saturday. Dabengwa, 66, passed away o...Published: 04 Sep 2024 at 15:09hrs | 2396 | by Staff reporter
Sifiso Dabengwa dies
Zimbabwean-born South African corporate executive Raymond Sifiso Dabengwa, former president and CEO of telecoms giant MTN Group and a board member of Eskom, has passed away at the age of 66.Da...Published: 01 Sep 2024 at 15:52hrs | 6667 | 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 | 32 | 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 | 25 | by Staff reporter
Zimbabwe central bank accumulates almost a ton of gold reserves
Zimbabwe's central bank accumulated 793 kilograms (25,000 ounces) of gold reserves since introducing a law that compels mining companies to pay part of their royalties using the metal.The rese...Published: 14 Feb 2024 at 04:46hrs | 1 | by Staff reporter
Zimplats is cutting spending on its US$1.8bn projects
The decline in global platinum prices is compelling Impala Platinum to reduce its planned expenditures across its operations, including Zimplats, which is expected to negatively impact local suppliers...Published: 03 Nov 2023 at 08:22hrs | 12 | by Staff reporter
Plans to develop Zimbabwe's biggest mine near Bulawayo
Caledonia Mining is exploring options to raise US$250m to develop its Bilboes project into what could be Zimbabwe's biggest gold mine.The company, which also owns the Blanket gold mine in Zimb...Published: 22 Oct 2023 at 10:41hrs | 1 | by Staff reporter
Zimbabwe is still 'our most stable operation' says Impala Platinum
What does the recent election change for Zimbabwe's biggest investor? Not much, says Nico Muller, the head of Zimplats holding company Implats. We've seen it all before, he suggests.In 2021, Z...Published: 06 Sep 2023 at 06:39hrs | 1 | by Staff reporter
Zimbabwe in desperate need of national leaders not Mafia bosses and gang leaders!
It was the most heartbreaking sight - as images of a collapsed primary school in my home city of Kwekwe made the rounds across the country. In fact, the stab to my heart was made more excrucia...Published: 20 Mar 2023 at 09:17hrs | 11 | by Tendai Ruben Mbofana
Zimplats dumps community share payment obligations?
Despite notching up a record revenue of US$1.4 billion last year coupled with tax contributions and royalties totalling US$404,6 million, platinum mining giant Zimplats has been dragged to court for f...Published: 30 Nov 2022 at 05:37hrs | 6 | by Staff reporter
Platinum seen as Zimbabwe's mainstay for foreseeable future
PLATINUM is likely to be Zimbabwe's mainstay in the foreseeable future considering the way platinum firms operating in the country are investing in new mines and smelters to increase production and su...Published: 24 Oct 2022 at 06:11hrs | 2 | by Staff reporter
South Africa's Tharisa begins $391 million Zimbabwe platinum mine build
South Africa's Tharisa Plc plans to spend $391 million on developing a 194,000 ounce per year platinum group metal (PGM) mine in Zimbabwe, chief executive Phoevos Pouroulis said on Wednesday.T...Published: 13 Oct 2022 at 06:02hrs | 5 | by Staff reporter
Zimbabwe miners happy with Govt proposal to pay royalties in gold, diamonds, platinum
Zimbabwe's miners do not expect any significant impact from the government's proposal to collect royalties in the form of refined minerals, the country's Chamber of Mines said on Monday.Presid...Published: 11 Oct 2022 at 06:10hrs | 2 | by Staff reporter
Assessing the US$12 billion mining industry target
The Zimbabwean government launched an ambitious plan to transform the mining sector into a US$12 billion export industry by end of 2023. The plan was launched in October 2019 as a key pillar to sustai...Published: 11 Aug 2022 at 12:01hrs | 6 | by Victor Bhoroma
Zimbabwe's US$3bn platinum deal all but collapses in a shambles
IT was noisily touted as a game changer for Zimbabwe's mining sector, and the economy; a centrepiece of government's ambitious yet unrealistic US$12 billion target for the industry by next year and ca...Published: 31 May 2022 at 07:38hrs | 18 | by Staff reporter
Policy flip flops impede platinum deals
INVESTMENT into Zimbabwe's platinum sector has been held back by unpredictable policies, a leading resource campaigner said this week.Claude Kabemba, executive director at Southern African Res...Published: 15 Apr 2022 at 08:59hrs | 1 | by Staff reporter
Zimbabwe is best investment destination, claims Implats
South Africa's Impala Platinum Holdings (Implats) has described Zimbabwe as the best investment jurisdiction due to its predictable and supportive operating environment, which has allowed its investme...Published: 08 Apr 2022 at 06:42hrs | 2 | by Staff reporter
Zimplats to plough $80m into one of Zimbabwe's largest mines
Impala Platinum's Zimbabwe unit Zimplats is going to plough more than $80 million into its Bimha mine just after completing a nearly $100 million reconstruction project there following a major collaps...Published: 30 Mar 2022 at 12:27hrs | 2 | by Staff reporter
Zimbabwe's platinum output rises 6%
ZIMBABWE'S platinum output increased by 6% to 475 000 ounces (oz) last year as the backlog of semi-finished inventory was processed through South African smelters and refineries, the World Platinum In...Published: 13 Mar 2022 at 08:07hrs | 2 | by Staff reporter
Mnangagwa son-in-law, adviser botch ZimCoke deal
A COURT application is set to be filed any day from now to legally and officially cancel the US$225 million ZimCoke deal to acquire assets of the now defunct state-owned Zimbabwe Iron and Steel Compan...Published: 12 Mar 2022 at 19:17hrs | 13 | by Staff reporter
ED's penchant for dodgy deals ruins economy
PRESIDENT Emmerson Mnangagwa's penchant for dodgy deals from businesspersons and shady companies was once again brought into the spotlight this week after the government awarded Lithunian printing com...Published: 18 Dec 2021 at 11:23hrs | 15 | by Staff Reporter
Mnangagwa surrounded by dodgy characters
ALMOST four years after getting into power, riding on the narrative of removing criminals that had surrounded the then president Robert Mugabe, President Emmerson Mnangagwa's circle of associates and ...Published: 09 Oct 2021 at 07:36hrs | 14 | by Staff reporter
Old Mutual Zimbabwe pours US$12.4 million into solar projects in Zimbabwe
Old Mutual Zimbabwe has poured US$12.4 million (over R188 million) into solar projects around the country, which will generate a combined 25 MW upon completion.The Zimbabwe economy has been st...Published: 23 Aug 2021 at 19:22hrs | 3 | by Staff reporter
Mnangagwa's penchant for dodgy companies astonishing
PRESIDENT Emmerson Mnangagwa's appetite for opaque deals from shady shelf companies and dodgy businesspersons was once again brought into the spotlight this week after British-registered Coven Energy ...Published: 14 Aug 2021 at 18:26hrs | 6 | by Staff reporter
Platinum prices defy global crisis
ZIMBABWE'S platinum output increased by 5% to 476 000 ounces (oz) last year, the World Platinum Investment council (WPIc) said on Thursday, commending government for including the firms among essentia...Published: 12 Mar 2021 at 06:48hrs | | by Staff reporter
David Brown to resurrect Zimbabwe gold mines
DAVID Brown's association with Zimbabwe's mining sector dates back to his six years as CEO of Impala Platinum (Implats) which ended in 2012.During that time, he met with the late former Presid...Published: 15 Feb 2021 at 07:57hrs | 1 | by Staff reporter
Tycoon Tagwirei's hold on Zim gold
BUSINESS kingpin Kudakwashe Tagwirei has long had a commanding position in Zimbabwe's US$100m-a-month fuel import market, and owns major stakes in banking, telecoms and the country's largest platinum ...Published: 10 Feb 2021 at 06:25hrs | 1 | by Staff reporter
Landela buying spree raises stink
PRESIDENT Emmerson Mnangagwa marked his triumphal entry into the citadel of power in 2017 by declaring that he would open the country up for business, thus promising a departure from the ruinous polic...Published: 15 Jan 2021 at 07:37hrs | 3 | by Cliff Chiduku
Zimplats sinks US$200m in Zimbabwe
AUSTRALIAN Stock Exchange-listed resources giant Zimplats is scouring Zimbabwean landscapes to unlock fresh opportunities, possibly bolstered by fresh policies giving foreign investors the right to ho...Published: 12 Oct 2020 at 06:14hrs | 5 | by Staff reporter
Impala approached over stake in giant Zimbabwe platinum project
The owners of a Russian-backed project to build Zimbabwe's biggest platinum mine have held talks to sell a stake of at least 20% to Impala Platinum Holdings, according to people familiar with the matt...Published: 07 Oct 2020 at 19:27hrs | 9 | by Staff reporter
Russian plan to dig biggest Zimbabwe platinum mine advances
A project that aims to develop Zimbabwe's biggest platinum mine has cleared a significant hurdle, with the African Export-Import Bank completing a due diligence study allowing it to proceed with a $50...Published: 26 Sep 2020 at 19:04hrs | | by Staff reporter
Zimplats warns of possible tax dispute with govt
MINING concern Zimplats has warned that a possible dispute over payment of taxes with the government could have an impact on future financial results.This was revealed by the platinum miner in...Published: 03 Sep 2020 at 06:17hrs | | by Staff reporter
Anglo American opens Zimbabwe's first platinum smelter
Mining giant Anglo American on Thursday opened a $62-million platinum smelter in Zimbabwe, the country's first such refinery, as President Emmerson Mnangagwa vowed to boost the country's valuable plat...Published: 16 May 2019 at 19:00hrs | 2 | by AFP
Zimbabwe military stake stymies $4bn platinum project
A plan to build Zimbabwe's biggest platinum mine at a cost of about $4 billion is floundering because a military stake in the project has deterred potential backers, according to people familiar with ...Published: 15 May 2019 at 15:05hrs | 2 | by Bloomberg
Zimbabwe attracts 2 new investors to develop platinum mining projects
Zimbabwe will in coming weeks name two new investors who will develop separate platinum mining projects west of the capital as the country ramps up mining output in an attempt to ease a severe dollar ...Published: 18 Apr 2019 at 07:23hrs | 5 | by Reuters
ZANU PF proposes to give away platinum to foreign Capitalists
In 1991, the Zimbabwean economy took its first major dive with the adoption of the IMF/World bank neo-liberal "Economic Structural Adjustment Programme" (ESAP). In Zimbabwe, this process was headed by...Published: 18 Mar 2019 at 10:06hrs | 2 | by ZCP
Mthuli Ncube to scrap Zimbabwe platinum and diamond mine ownership rules
Finance Minister Mthuli Ncube said a rule requiring local investors to control platinum mines will be scrapped and foreigners will be allowed to own 100% in a bid to revive investment."We are ...Published: 06 Mar 2019 at 19:00hrs | | by Bloomberg
Unki projects higher output
ANGLO American's local platinum producer, Unki Platinum Mine projects that this year's output will increase to at least 4,2 million ounces from 1,3 million oz last year. In a quarterly product...Published: 29 Jan 2019 at 08:15hrs | 4 | by Staff reporter
Unki FY production up 15%
ANGLO American Platinum's local unit, Unki Platinum, reported a 15% production increase to 85 900 ounces in the full year to December 2018 up from 74 600 ounces recorded in prior year driven by an imp...Published: 25 Jan 2019 at 08:15hrs | 4 | by Staff reporter
Who is who on the Zimbabwe campaign trail?
A TOTAL of 23 candidates successfully filed their nomination papers last week enabling them to run in the presidential elections to be held on July 30, although it is self-evident the real race will b...Published: 22 Jun 2018 at 15:06hrs | 1 | by Staff reporter
Mnangagwa's crony gets Zimplats claims
PRESIDENT Emmerson Mnangagwa's crony Lucas Pouroulis, whose company, Karo Resources, recently signed a controversial US$4,2 billion platinum deal with government, has grabbed mineral claims stretching...Published: 08 Jun 2018 at 09:58hrs | 1 | by Staff reporter
Mining speculators invade Zimbabwe's Great Dyke
THE politically well-connected Cypriot Pouroulis family - which is close to President Emmerson Mnangagwa - and is associated with speculation in mining has hit the jackpot in Zimbabwe.After cl...Published: 24 May 2018 at 10:35hrs | 1 | by Staff reporter
Zimbabwe mMining firms not forced to list on ZSE'
GOVERNMENT will not compel mining companies in the country to list on the Zimbabwe Stock Exchange as such policy perspective is not in line with the vision of the new dispensation, a Cabinet minister ...Published: 21 May 2018 at 07:04hrs | 6 | by Staff reporter
Chamisa looks to rejuvenate rural areas
MDC Alliance president Nelson Chamisa wants to modernise the rural hinterland to boost rural incomes and living standards, according to a policy statement he unveiled on Saturday and Sunday in Seke an...Published: 03 May 2018 at 13:56hrs | | by Staff reporter
Moti Group agreeable to selling shares in Zimbabwe
SOUTH Africa's Moti Group will consider selling shares in its Zimbabwean chrome mining operations if Government pushes ahead with the proposal.Zimbabwean policymakers are debating a bill that ...Published: 17 Apr 2018 at 07:08hrs | 1 | by Bloomberg
Zimbabwe to ensure clarity over mining policy
Zimbabwe, home to the world's second-largest reserves of platinum group metals, will ensure there's clarity over mining policy as the southern African nation seeks to attract investment, according to ...Published: 26 Mar 2018 at 16:13hrs | | by Bloomberg
Corporate boardrooms: Where are the women?
A lack of diversity afflicts most companies' boardsWhen a woman rises to the top rung of the traditionally all-male corporate ladder in Africa, it's fro...Published: 15 Jan 2018 at 15:55hrs | 2 | by Kwamboka Oyaro
Implats threatens to close Mimosa mine
IT'S "crunch time" for Impala Platinum's (Implats') Mimosa mine which is under threat of closure as it cannot not comply with Zimbabwe's beneficiation laws and remain profitable.The Hara...Published: 15 Sep 2017 at 10:19hrs | 1 | by miningmx
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