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Mohadi 'summons' Kazembe
The ongoing mine dispute involving Kazembe Kazembe, the Minister of Home Affairs and Cultural Heritage and Zanu-PF Mashonaland Central provincial chairperson, has entered a new phase. Former employees...Published: 24 May 2024 at 08:54hrs | 10 | 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 | 39 | by Staff reporter
All 15 miners trapped underground at Redwing Mine rescued
All 15 miners who were trapped underground following a mineshaft collapse at Redwing Mine in Penhalonga last week have been rescued three days after the incident.The mine owned by Metallon Gol...Published: 07 Jan 2024 at 17:44hrs | 5 | by Staff reporter
Tempers flare over trapped Redwing miners
Tempers flared yesterday at Redwing Mine in Penhalonga where about 11 artisanal miners were trapped underground after a mine shaft collapsed, with relatives accusing government of fumbling the rescue ...Published: 07 Jan 2024 at 17:41hrs | 8 | by Staff reporter
Hope for trapped Redwing miners
The GOVERNMENT has stepped up rescue efforts for 15 miners believed to be trapped underground at Redwing Mine in Penhalonga amid indications they could be found alive.Yesterday, experts said t...Published: 07 Jan 2024 at 17:34hrs | 5 | by Staff reporter
Shaky ground hinders Redwing Mine rescue efforts
UNSTABLE ground at Redwing Mine in Penhalonga, Manicaland province, has reportedly stalled efforts to rescue nearly a dozen artisanal miners trapped underground on Thursday.In a statement, Met...Published: 05 Jan 2024 at 16:29hrs | 8 | by Staff reporter
15 miners feared dead in Redwing Mine collapse
Fifteen miners are believed to have perished following a mineshaft collapse at Redwing Mine in Penhalonga early Thursday morning.The mine, located 50 kilometres west of the eastern border city...Published: 04 Jan 2024 at 20:12hrs | 14 | by Staff reporter
Metallon to take over Redwing Mine
GOLD Miner, Metallon Corporation will take over operations at the scandal-ridden Redwing Mine in Penhalonga following the removal of the gold mine from corporate rescue by the Supreme Court in Septemb...Published: 17 Jun 2023 at 08:07hrs | | by Staff reporter
Redwing: a tale of plunder, impunity, chaos and death
Redwing Gold Mine, once touted as a giant gold mining venture capable of transforming the quality of life in the Penhalonga area of Manicaland province and a cash cow for the national economy, has bec...Published: 04 Jun 2023 at 12:12hrs | 7 | by Staff reporter
'Govt to regulate omakorokoza'
GOVERNMENT has decided to formalise artisanal mining to regulate its activities and plug leakages costing the country millions of dollars in revenue, Mines minister Winston Chitando has indicated....Published: 22 Nov 2022 at 04:55hrs | | by Staff reporter
Zanu-PF plans to weaponise gold in dirty 2023 elections campaign
Zanu-PF officials in Manicaland have devised a plan to rope in smallscale gold miners and their workers in a dirty 2018 elections campaign that will see the party supporting them in the plunder of the...Published: 09 Oct 2022 at 17:21hrs | 6 | by Staff reporter
Mzi Khumalo urged to dispose of Zimbabwe mines
SOUTH African mining magnate Mzi Khumalo is under pressure to dispose of Redwing Mine in Penhalonga, Manica- land province and Mazowe Gold Mine in Mashonaland Central as the mines have become hotbeds ...Published: 29 Jul 2022 at 19:06hrs | 6 | by Staff reporter
Henrietta Rushwaya implicated in Mazowe gold fields plunder.
CONNECTED syndicates linked to Zimbabwe Miners' Federation president Henrietta Rushwaya (pictured) are plundering rich gold fields in Mazowe, a fresh report has revealed. Mazowe is locate...Published: 17 Jul 2022 at 09:36hrs | | by Staff reporter
Illicit gold flows sponsor Zanu-PF campaign
Zanu-PF plans to use funding from illicit gold-mining sources in Mazowe and Penhalonga to partly fund its campaign for next year's crunch general elections, a new probe has revealed.According ...Published: 13 Jul 2022 at 20:29hrs | 7 | 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 | 7 | by Staff reporter
Chimanasa threatens mine with seizure
Zanu-PF politburo member Patrick Chinamasa has threatened that the government will seize Redwing Mine in Penhalonga, accusing the owners of failing to run it.Launching a Zanu-PF by-election ca...Published: 10 Feb 2022 at 05:37hrs | | by Staff reporter
Chamisa's MDC claims Fidelity 'parcelled out' to Tagwirei
The MDC Alliance is mulling a legal challenge to the disposal of the government's majority stake in Fidelity Printers and Refiners (FPR), which the party says has been "parcelled out" to controversial...Published: 03 Aug 2021 at 18:45hrs | 2 | by Staff reporter
Mnangagwa's 'zero tolerance' to corruption rings hollow
REPEATED corruption allegations levelled against President Emmerson Mnangagwa and his family have blighted Zimbabwe's fight on graft, making a mockery of his "zero tolerance" stance.Mnangagwa ...Published: 23 Mar 2021 at 08:12hrs | 1 | by Staff reporter
Metallon Gold to reopen 2 gold mines
METALLON Gold has invested US$33 million in the reopening of Redwing Mine and deepening of How Mine in a fresh bid to resuscitate its business empire.The decision by the Mzee Khumalo-run entit...Published: 15 Mar 2021 at 05:07hrs | | 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 | | 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 | | 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 | 1 | by Cliff Chiduku
Kuvimba: How to hide a mining giant in plain sight
A year ago, Kuvimba Mining House did not exist. now it could be the country's biggest gold producer.How? The answer shows how transparency is still not a thing for Zimbabwean authorities....Published: 10 Jan 2021 at 08:10hrs | 22 | by Staff reporter
Zimbabwe to fund white farmers' compensation with mine revenue
Zimbabwe plans to use profits from a mining venture to help settle a $3.5 billion compensation claim from white farmers and settle a two-decade dispute that's soured the country's relations with Weste...Published: 07 Jan 2021 at 18:44hrs | | by Staff reporter
Kuvimba Mining to raise US$1 billion, eyes VFEX listing
Kuvimba Mining House, the newly created mining company, will seek to raise US$1 billion to recapitalise its assets, which it hopes will generate an ambitious US$1.5 billion per annum by 2023. ...Published: 05 Jan 2021 at 18:27hrs | | by Staff reporter
Another Council Boss reported to ZACC for coruption
Residents in Mazowe under the Mazowe Agenda for Development and Empowerment (MADE) banner have resolved to stage a protest to voice their displeasure against the rural district council chairman ...Published: 16 Sep 2020 at 09:16hrs | 1 | by Mandla Ndlovu
High taxation threatens mining viability
Munya Shumba's letter entitled 'Robbing the poor to pay the rich' refers. Outrightly, its mind boggling how the government tax loot from the poor would end up in the purse of a mining company? Secondl...Published: 22 Jul 2019 at 08:54hrs | | by Dennis Shoko
The reality of stagflation in Zimbabwe
The current fiscal year is turning out to be a challenging year for the Zimbabwean economy. The country is experiencing all the features of economic decline from a recession, high unemployment rate, d...Published: 20 Jul 2019 at 19:31hrs | | by Victor Bhoroma
A case for subsidies in the mining sector
Zimbabwe racked in US$3.2 billion from mineral exports in 2018, a figure which represents 76% of the country's official total export earnings. This year the government has set the target at US$4.2 bil...Published: 11 Jun 2019 at 09:35hrs | 2 | by Victor Bhoroma
8 die in mine explosion
Eight illegal miners died at Jumbo Mine in Mazowe on Sunday (yesterday) after an explosion in the area they were mining.The bodies of the deceased were taken to Concession hospital mortuary....Published: 27 May 2019 at 14:47hrs | | by Staff Reporter
Canada miner in talks to buy Zimbabwe gold project
Canada-based B2Gold Corp. is considering buying an idled Zimbabwean gold mine - if it can be exempted from a law that requires producers to sell all the metal to the country's central bank, people fam...Published: 24 May 2019 at 07:33hrs | 3 | by Bloomberg
Mnangagwa's 'Open for business' mantra collapses
THE surprise move by major gold producer Metallon Corporation to sue the government over its failure to pay for gold deliveries commensurately has brought into sharp focus the country's continued fore...Published: 24 May 2019 at 07:31hrs | | 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 | | by Staff reporter
ZESA sue Minister for $414k – load shedding is collective punishment for untouchables' sins
The tragedy in Zimbabwe is that those who can least afford it have again and again been forced to subsidise the filthy rich. One prime example is Finance Minister, Mthuli Ncube's 2% tax on all electro...Published: 18 May 2019 at 20:25hrs | | by Patrick Guramatunhu
Zesa pursues Mnangagwa ally over $414,000 electricity debt
The Zimbabwe Electricity Supply Authority (ZESA), which announced rolling power cuts early this week, is owed millions of dollars by top government officials.Reduced electricity production at ...Published: 18 May 2019 at 10:20hrs | 1 | by ZimLive
Mzi Khumalo's company sues Zimbabwe for failing to pay for gold
Metallon Corporation ("Metallon"),the leading gold mining company in Zimbabwe, has served legal notice to the Reserve Bank of Zimbabwe (RBZ) and Fidelity Printers and Refiners Limited, (FPR) for lack ...Published: 16 May 2019 at 18:01hrs | | by Staff reporter
A look into Zimbabwe's tanking economy
The country's largest gold producer is on the brink of collapse because of government's warped foreign currency retention policy; the cost of bread has gone up, more than three times in hardly a month...Published: 21 Apr 2019 at 08:50hrs | 6 | by Staff reporter
Redwing Mine workers engage in massive strike
Workers at Redwing Mine have been picketing at the mine premises since 1 April. The contract workers had their employment contracts terminated on 31 March. They had not been paid for 15 months. Collec...Published: 11 Apr 2019 at 14:29hrs | | by Mandla Ndlovu
Zimbabwe miners to pay 80% wage increase
Zimbabwe mining companies are to award a wage increase of just under 80% to mine workers, with the salary for the lowest-paid worker in the industry rising to about 480 RTGS dollars per month....Published: 14 Mar 2019 at 19:25hrs | | by Staff reporter
Zesa sues Metallon over $9,3m power debt
The Zimbabwe Electricity Transmission and Distribution Company (ZETDC) has taken Metallon Gold Zimbabwe to court to compel the gold miner to settle a $9,3 million bill for power supplied to three of i...Published: 22 Feb 2019 at 09:05hrs | 5 | by Staff reporter
Auctions boom in Zimbabwe as economic woe takes its toll
Auction companies are booming in Zimbabwe as companies and individuals – including Tongaat Hulett CEO Sydney Mutsambiwa and Mzi Khumalo's Metallon Corporation – default on loan payments or other f...Published: 03 Dec 2018 at 08:28hrs | | by Staff repirter
Prophet Makandiwa eyes Shamva Gold Mine
A CONSORTIUM believed to be fronting for United Family International Church (UFIC) leader Emmanuel Makandiwa is bidding to take over the distressed Shamva Gold Mine in Mashonaland Central province....Published: 07 Nov 2018 at 06:19hrs | | by Staff reporter
Govt pledges support for largest gold miner
GOVERNMENT has made a commitment to provide the necessary facilitation to Zimbabwe's largest gold producer, Metallon Corporation, whose operations are being hampered by foreign currency shortages. ...Published: 13 Sep 2018 at 06:23hrs | | by Staff reporter
Metallon CEO steps down
Metallon Corporation CEO Kenneth Mekani, has stepped down to pursue personal business interests. Mekani, who has been at the helm of Zimbabwe's largest gold producer since 2015 leaves the post in Sept...Published: 29 Jul 2018 at 09:48hrs | | 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 | | by Staff reporter
Mine collapse victims named
POLICE have released the names of six people who died after a tunnel at disused Old Motapa Mine in Bubi District, Matabeleland North Province, caved-in last Thursday afternoon.National police ...Published: 24 Apr 2018 at 07:12hrs | | by Staff reporter
Restructured Metallon guns for full capacity
THE country's biggest gold producer, Metallon Corporation says it wants four of its mining operations in Zimbabwe to reach their full production capacities this year.Metallon owns How Mine, Ma...Published: 23 Apr 2018 at 07:03hrs | | by Staff reporter
+15 gold panners feared dead after 24hr-trap
At least 15 people are feared dead after a tunnel of a disused Old Motapa Mine in Bubi District, Matabeleland North Province, caved-in on Thursday afternoon.Rescue workers had by yesterday ret...Published: 21 Apr 2018 at 11:46hrs | | by Staff reporter
'Cops seize rich gold mine'
THE situation is tense at a gold mine in Inyathi where a person has died after police called to restore order allegedly took over operations.More than 300 illegal panners had allegedly invaded...Published: 20 Apr 2018 at 07:12hrs | | by Staff reporter
Big companies turned down Mnangagwa amnesty
The Zimbabwean government accused auditing firm Ernst and Young, Unilever South East Africa and Boc Gases Zimbabwe of externalising $35000 (R418070), $315000 and $55000 respectively.The compan...Published: 22 Mar 2018 at 09:20hrs | | by Business Report
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