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Zimbabwe's mining industry set for over 7% growth
Zimbabwe's mining sector is on track for significant growth in 2025, with projections indicating an expansion of over seven percent, fueled primarily by strong performances in gold and coal production...Published: 05 Jun 2025 at 10:04hrs | 57 | by Staff reporter
Zimbabwe mining industry to grow by 7% in 2025
Zimbabwe's mining industry is projected to grow by more than 7 percent in 2025, spurred by stellar performances in gold and coal production, according to the Chamber of Mines of Zimbabwe (CoMZ)....Published: 18 May 2025 at 11:48hrs | 285 | by Staff reporter
Zimbabwe may surpass 2024 gold production target
Zimbabwe's gold mining sector has witnessed remarkable growth over the past decade, with production nearly doubling since 2015. The country is now on track to surpass its 35-tonne gold production targ...Published: 15 Dec 2024 at 09:09hrs | 3975 | 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 | 2 | by Staff reporter
Mnangagwa accused of taking Zimbabwe back to medieval era
PRESIDENT Emmerson Mnangagwa's Statutory Instrument (SI) 189 of 2022, announced on November 4 to legalise payment of miners' royalties partly in kind has been described as not just being illegal but a...Published: 06 Dec 2022 at 05:11hrs | 1 | by Staff reporter
Zimbabwe miners in urgent plea for forex
THE Chamber of Mines of Zimbabwe says it is engaging authorities to come up with mechanisms that can accommodate the foreign currency requirements for the sector as shortages are weighing down the sec...Published: 24 Nov 2022 at 04:59hrs | 58 | 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
Zimbabwe gold deliveries climb to 26 tonnes
Gold deliveries to Fidelity Gold Refinery in the nine months to September 2022 grew by 36 percent to 25,7 tonnes, from 18,9 tonnes in the same period a year earlier, raising the prospect that Zimbabwe...Published: 09 Oct 2022 at 07:50hrs | 5 | by Staff reporter
Zimbabwe gold smuggling on the rise: Parly
Parliament's Mines Portfolio Committee yesterday raised concern over the proliferation of gold mines amid reports that gold smuggling to South Africa and the Middle East had increased.The comm...Published: 16 Aug 2022 at 06:38hrs | 2 | by Staff reporter
Mnangagwa headlines miners conference
PRESIDENT Mnangagwa will be guest of honour at this year's annual conference of the Chamber of Mines of Zimbabwe to be held in Victoria Falls.The conference runs from tomorrow to Saturday unde...Published: 01 Jun 2022 at 06:32hrs | | by Staff reporter
Zimbabwe suspends platinum levy
THE Government has suspended the 5 percent levy on raw platinum exports after miners lobbied the Treasury for its removal citing its detrimental impact on operations and the commitment by industry pla...Published: 17 May 2022 at 06:31hrs | 3 | by Staff reporter
Power cuts threaten growth targets
Players in the manufacturing industry and mining sector have warned that continued power cuts could derail first quarter 2022 economic growth targets due to lost production time.This follows a...Published: 17 Jan 2022 at 06:28hrs | 1 | by Staff reporter
Mine workers push for 270% salary hike
THE Zimbabwe Diamonds and Allied Workers Union of Zimbabwe (ZDAMWU) is pushing for a 270% salary increase that would see the least paid worker pocketing at least $65 000 per month.They are cur...Published: 06 Sep 2021 at 05:25hrs | 9 | by Staff reporter
Chinese now influential players in illicit gold trade study
CHINESE nationals are now "prominent and influential actors" in Zimbabwe's lucrative gold sector and have formed questionable partnerships with the elite in Zanu-PF and senior law enforcement agents....Published: 08 Jun 2021 at 06:26hrs | 4 | by Staff reporter
Gold miners optimistic of 100 tonnes per year
Gold production declined over the past two years but miners remain optimistic of Zimbabwe's potential to achieve its target of producing 100 tonnes yearly as challenges experienced by the sector can b...Published: 02 Jun 2021 at 07:05hrs | 2 | by Staff reporter
Mines endorse RBZ move
MINING industry executives yesterday commended the central bank's move to give the Zimbabwe Revenue Authority (Zimra) the sole mandate to collect fees and commissions previously paid to the Minerals M...Published: 01 Jun 2021 at 08:05hrs | 2 | by Staff reporter
Zimbabwe's gold output declines by 29%, says Chamber of mines
THE Zimbabwe Chamber of Mines (ZCM) has attributed the decline in gold output in 2020 and the first quarter of this year to the havoc caused by the Covid-19 pandemic among other constraints.Gi...Published: 01 Jun 2021 at 08:00hrs | | by Staff reporter
Mine workers salary talks collapse
THE Zimbabwe Diamond and Allied Minerals Workers Union (Zdamwu) yesterday claimed that negotiations for first quarter wage increments had stalled after the National Employment Council (NEC) for the mi...Published: 26 Feb 2021 at 06:38hrs | 2 | by Staff reporter
Fresh headache for Mnangagwa
Zimbabwe's billion dollar mining sector wants to wholly retain foreign currency receipts to be able to pay royalties, taxes and other levies which the authorities want them paid fully in United States...Published: 22 Oct 2020 at 07:16hrs | 2 | by Staff Reporter
Mnangagwa in Victoria Falls
PRESIDENT Emmerson Mnangagwa arrived in Victoria Falls yesterday ahead of the official opening of the Zimbabwe Annual Mining Conference which he will preside over this morning. He arrived at t...Published: 31 May 2019 at 07:29hrs | | by Staff reporter
'Mining sector to reap from liberalised inter-bank rates'
ZIMBABWE'S economic crisis continues to deepen, with no signs of recovery in the short to medium term. This has had a devastating impact on industry, resulting in the closure of companies and massive ...Published: 24 May 2019 at 07:29hrs | 9 | by Staff reporter
Small-scale miners get ultimatum on licence inspections
Government has urged small-scale miners to regularly inspect their claims and warned that it will not hesitate to forfeit mining claims from miners who will not do so.In a letter directed to Z...Published: 28 Jan 2019 at 10:42hrs | 4 | by Staff reporter
'Forex shortages threaten gold production'
THE country's gold sector is in a precarious situation after it emerged that the Reserve Bank of Zimbabwe (RBZ) has not been paying primary gold producers for the last three months, NewsDay has establ...Published: 22 Jan 2019 at 08:51hrs | 1 | by Staff reporter
Mnangagwa cornered over deteriorating economy
PRESIDENT Emmerson Mnangagwa yesterday met captains of industry to tackle challenges in the economy, but the meeting failed to come up with solutions, according to people with knowledge of the meeting...Published: 30 Oct 2018 at 05:33hrs | 1 | by Staff reporter
Minister Chitando faces contempt of Parly charges
PARLIAMENT yesterday threatened to charge Mines minister Winston Chitando and new Mines secretary Onesmo Moyo with contempt of the august House if they failed to dissolve the Zimbabwe Consolidated Dia...Published: 23 Oct 2018 at 06:24hrs | | by Staff reporter
'Zimbabwe mines not opposed to ZSE listing'
Mining firms in Zimbabwe are not opposed to proposals to list their stock on the Zimbabwe Stock Exchange (ZSE), but have stayed away because the bourse is currently 'too thin' to mobilise the kind of ...Published: 27 May 2018 at 10:09hrs | 12 | by Staff reporter
Zimbabwe slashes platinum royalty rate
GOVERNMENT has slashed the rate of royalty for all platinum group mining companies to 2.5 percent from 10 percent, a move the Chamber of Mines of Zimbabwe says will go a long way in enhancing viabilit...Published: 12 Dec 2017 at 05:27hrs | 2 | by Staff reporter
Zesa fails to settle Eskom debt, massive load shedding feared
Zimbabwe might experience massive load shedding starting next week if Zesa Holdings fails to settle an outstanding power import bill of $43 million owed to Eskom of South Africa and Hydro Cahora Bassa...Published: 23 May 2017 at 06:46hrs | | by Staff reporter
Raw mineral exports banned
THE Mines and Minerals Amendment Bill (2015), which is before the Attorney-General for proof-reading, will address ambiguities of land use between agriculture and mining, and ensure maximum production...Published: 15 May 2016 at 13:53hrs | | by Staff Reporter
Miners push for lower power tariffs
LOCAL mining companies continue to push for a downward review of electricity tariffs, especially in the wake of declining commodity prices on international markets.Government, however, is dete...Published: 17 Apr 2016 at 09:54hrs | 1 | by Livingstone Marufu
Foreign firms scramble to meet Zimbabwe indigenisation deadline
THERE is frenzied activity with companies working around the clock to submit indigenisation and empowerment proposals before the Thursday deadline.The Indigenisation and Empowerment Act - enac...Published: 27 Mar 2016 at 10:28hrs | | by Staff reporter
Power outages suffocate already struggling remaining few industries' business
The goings are getting tough and tougher for Industries in Bulawayo and other parts of the country due to the advent of the current escalated electricity load shedding forcing the already struggling r...Published: 23 Oct 2015 at 07:30hrs | | by Stephen Jakes
Zesa to lose $300 million
Due to the power crisis in the country, Zesa is set to lose more than $25 million in monthly revenues. Zesa CE, Josh Chifamba, confirmed that monthly revenue of $25 million would be lost, a fi...Published: 08 Oct 2015 at 07:15hrs | | by Staff reporter
Zimbabwe mines plead for mercy
MINING firms, through their umbrella body, have implored power utility, Zesa Holdings, to spare them the planned sharp increase in power cuts given the economic costs of such action.Chamber of...Published: 08 Oct 2015 at 06:30hrs | | by Golden Sibanda
Zimbabwe lose 90 000 jobs due to imports
ZIMBABWE has imported goods worth more than $18 billion in the last five years and lost the potential to create at least 90 000 jobs due to the continued reliance on the exports, an official has said....Published: 02 Aug 2015 at 09:22hrs | | by Staff reporter
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