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The Sentry report on Mutapa Fund is shallow and weak
I had the MISFORTUNE of going through a report prepared and distributed by The Sentry, possibly written by an excitable Nick Donovan. Long story short, the report is shallow and weak. Here is ...Published: 04 Jul 2024 at 16:37hrs | 14 | by MMatigary
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 | 18 | by Staff reporter
Zimbabwe govt misses US$12bn mining target
LEADING economists and mining industry experts warned this week the Ministry of Mines and Mining Development was manipulating data to give an impression that its ambitious US$12 billion target will be...Published: 22 Dec 2023 at 18:13hrs | 9 | by Staff reporter
Zimbabwe poised for record platinum haul
THE World Platinum Investment Council (WPIC) says Zimbabwe is on track to ramping up output of the white metal to an all-time high of 502 kilo ounces (koz) following massive investment by one of the c...Published: 02 Dec 2023 at 14:37hrs | 9 | by Staff reporter
Great Dyke platinum project well on course
EXPLORATION and feasibility studies are complete at the new platinum mine owned by Great Dyke Investments in Darwendale and production is due to start soon with the mine expected to yield 1,36 million...Published: 12 Jun 2023 at 06:23hrs | 3 | by Staff reporter
RBZ in gems mop up deal
THE government has structured a deal that will see the Reserve Bank of Zimbabwe (RBZ) buying excess diamonds as it moves to shut out unscrupulous dealers that have been dribbling authorities....Published: 02 Dec 2022 at 19:30hrs | | by Staff rteporter
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 | 1 | by Staff reporter
Zimbabwe govt mulls national minerals reserve
Mining companies exploiting precious and high-value minerals in the country will now be required to cede a portion of their refined mineral produce to the Government as part payment of royalties under...Published: 09 Oct 2022 at 07:51hrs | 8 | by Staff reporter
Is Zimbabwe's new gold coin evidence of a broader global trend?
Saber rattling by the Chinese Communist Party stoked investor fears this week, putting upward pressure on gold prices. CCP officials felt aggrieved by House Speaker Nancy Pelosi's visit to Taiwan, whi...Published: 09 Aug 2022 at 08:20hrs | 2 | by Mike Gleason
RBZ gold coins to strengthen Zimdollar
The Reserve Bank of Zimbabwe (RBZ) last week, following a resolution agreed on by its Monetary Policy Committee (MPC), announced plans to introduce gold coins to be used as a new investment tool to st...Published: 04 Jul 2022 at 06:54hrs | | by Staff reporter
'Bidenism' has killed dollar dominance?
Time will tell whether Putin wins the sweepstakes of expansionism or the cost of economic distress eventually overwhelms Russia and him. However, some interesting shifts in geo-strategy are discernibl...Published: 15 Mar 2022 at 16:09hrs | 9 | by Vaishali Basu Sharma
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 | 1 | by Staff reporter
Mnangagwa blocks another fuel price increase
PRESIDENT Mnangagwa has directed the Government to enforce domestic remedies, including a reduction of duty on petroleum products, to control the price of fuel which went up last week on account of ge...Published: 13 Mar 2022 at 08:01hrs | | by Staff reporter
Ukraine war hits Russia-Zimbabwe deals
RUSSIAN investments in Zimbabwe running into billions of United States dollars are under threat as the US and the European Union (EU) gang up in imposing restrictive sanctions on the Kremlin, its fina...Published: 11 Mar 2022 at 18:12hrs | | by Staff reporter
SA companies caught in Russia-Ukraine crossfire
JSE counters with even a remote connection to the Russia-Ukraine conflict have taken a pounding in the past week as gun-shy investors decided they were not worth the risk.Leading the fall was ...Published: 02 Mar 2022 at 05:39hrs | 9 | by Staff reporter
Mnangagwa's 'second Republic' as scandal-prone as Mugabe's govt
THERE is no difference between the administration of former president Robert Mugabe and that of his successor Emmerson Mnangagwa when it comes to public procurement as the two republics are marred by ...Published: 22 Feb 2022 at 07:23hrs | | by Staff reporter
Mineral output forecast to jump 11%
Mining companies expect an 11 percent growth output in the second half this year, after seeing production fall across key minerals in the first quarter, the Chamber of Mines of Zimbabwe (CoMZ) has sai...Published: 08 Jun 2021 at 06:30hrs | 2 | by Staff reporter
Zimbabwe has great economic potential
RUSSIAN business executives and academics Sunday said there are enormous benefits in investing in Zimbabwe especially in the mining and agriculture sectors noting the country's promising economic pote...Published: 15 Mar 2021 at 06:32hrs | | by Staff reporter
AECAS Webinar on Russian Business in Zimbabwe
The Association of Economic Cooperation with African States (AECAS) together with the Institute of African Studies of the Russian Academy of Sciences, Russia–Zimbabwe Business Council, Vi Holding wi...Published: 13 Mar 2021 at 16:05hrs | 4 | by Kester Kenn Klomegah
Zimplats output rises 2%
PLATINUM miner Zimplats recorded a 2% increase in ore mined to 1,864 million tonnes during the quarter ended September 30, 2020, after a new shaft which is still under development bolstered production...Published: 31 Jan 2021 at 10:00hrs | | by Staff reporter
Mthuli Ncube lines up TBs to fund deficit
GOVERNMENT is set to float Treasury Bills (TBs) to finance the 2021 budget deficit, Finance minister Mthuli Ncube said last week.Last week on Thursday, the minister unveiled a ZW$421,6 billion...Published: 04 Dec 2020 at 07:18hrs | | by Staff reporter
Zimbabwe records massive jump in trade surplus
ZIMBABWE will record a trade surplus for the second year running, after recording a threefold-increase in its current account to US$939 million in the first nine months of the year, Finance and Econom...Published: 30 Nov 2020 at 19:04hrs | 6 | by Staff reporter
RBZ debt accumulation above US$2 billion
THE US$2,23 billion debt accumulated by the Reserve Bank of Zimbabwe (RBZ) in the 12 months since July 2019 could be grossly understated, as fresh details emerged this week indicating the central bank...Published: 23 Oct 2020 at 08:41hrs | | by Staff reporter
Zimplats remits US$164m tax contribution
ZIMBABWE'S largest platinum miner, Zimplats, says its tax contribution to the Government increased by 95,2 percent in the financial year ended 30 June 2020 to US$164 million.In its 2020 integr...Published: 18 Oct 2020 at 08:47hrs | | by Staff Reporter
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 | | 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
Mnangagwa beefs up security
DRONES, sniffer dogs, security cameras, heavily armed soldiers and police officers, hundreds more embedded in the crowds turned the National Heroes Acre into a virtual cantonment area as President Emm...Published: 13 Aug 2019 at 07:37hrs | | by newzimbabwe
Mnangagwa ally's ACF restructures, suspends operations
One of Zimbabwe's major chrome producers, African Chrome Fields (ACF), has temporarily suspended operations as the company embarks on a restructuring exercise.Information at hand shows ACF pro...Published: 14 Jun 2019 at 11:38hrs | 1 | by Staff reporter
Zimbabwe rakes in US$1bn from minerals in Q1
Zimbabwe's mineral production reached US$970,5 million in the four months to April with gold accounting for 38% of that amount at US$383,8 million, official data has shown.Statistics compiled ...Published: 09 Jun 2019 at 09:43hrs | 10 | by Staff reporter
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 | | 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 | 3 | by Reuters
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 | 3 | by Staff reporter
Mnangagwa's visit to Russia unlocks $300 million
President Emerson Mnangagwa's visit to Russia has unlocked $300 million that will trigger implementation of the $2 billion Great Dyke Investment (GDI) platinum mining venture in Darwendale.GDI...Published: 27 Jan 2019 at 18:59hrs | | 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 | | by Staff reporter
Mnangagwa flees to Russia?
President Mnangagwa early this morning left for Russia on the first leg of a whirlwind five-country tour that will take him across Eurasia and then to Switzerland, as part of his international engagem...Published: 14 Jan 2019 at 15:08hrs | 1 | by Staff reporter
ZANU PF resolutions spot on the economy
The ZANU PF 17th Annual People's Conference adopted an array of resolutions which are in sync with President Emmerson Mnangagwa's focus on the economy more than politics. For sure at this year's confe...Published: 20 Dec 2018 at 11:50hrs | 7 | by Elijah Chihota
Transformation: Imparting depth to the economy
Last week closed on a very good note.First, Government announced the much-awaited Diamond Policy.This new policy protects the National Interest, while meeting the expectations of the K...Published: 09 Dec 2018 at 06:48hrs | | by President Emmerson D. Mnangagwa
Mnangagwa makes maiden UNGA appearance
President Emmerson Mnangagwa will make his maiden appearance at the 73rd Session of the United Nations General Assembly (UNGA) which opened on 18 September 2018. The first day of the high-level Genera...Published: 20 Sep 2018 at 16:02hrs | | by Elijah Chihota
Unki production up 8,0%
ANGLO American Platinum on Thursday said it's Zimbabwean unit, Unki Mine, increased its platinum group metals production by 8,0 percent to 46 800 ounces in the second quarter due mainly to increased c...Published: 19 Jul 2018 at 08:06hrs | | by Staff reporter
Zimbabwean innovator the first to be represented in Africa Prize finals
An innovation which uses a cheap and sustainable recycling method to recover precious metals has made it into the finals of the prestigious 2018 Africa Prize for Engineering Innovation. Z...Published: 29 May 2018 at 10:44hrs | 1 | by Agencies
Mnangagwa not in danger from palladium poison
Zimbabwean President Emmerson Mnangagwa has reportedly left the country for "medical checks" in South Africa.A New Zimbabwe.com report quoted government sources as saying that Mnangagwa had tr...Published: 28 May 2018 at 08:59hrs | | by Staff reporter
Mnangagwa poisoning saga deepens, Mugabe tried to conceal medical findings
PRESIDENT Robert Mugabe initially wanted Vice-President Emmerson Mnangagwa to conceal medical findings in his poisoning saga, fearing the issue could rock the boat in the ruling Zanu PF party, but the...Published: 11 Oct 2017 at 09:39hrs | | by Staff Reporter
Gushungu ice-cream with a poisonous chemical cone head to be launched at Gweru youth interface rally
Remember that this is ZANU PF politics. Trust nobody. Only trust yourself. Trust the food that you prepare yourself. Forewarned is forearmed. Your safety and wellbeing comes first. It is your responsi...Published: 28 Aug 2017 at 21:23hrs | | by Themba Mthethwa
Police speak on Mnangagwa 'poisoning'
The Zimbabwe Republic Police (ZRP) is still to receive any formal complaints to enable them to investigate the alleged poisoning of Vice President Emmerson Mnangagwa in Gwanda while attending a Zanu-P...Published: 26 Aug 2017 at 16:04hrs | | by Staff reporter
Jonathan Moyo challenges Mnangagwa on poisoning
HARARE - Cabinet minister and Zanu PF politburo member Jonathan Moyo waded into the saga involving the alleged poisoning of Vice President Emmerson Mnangagwa yesterday; suggesting that police shou...Published: 23 Aug 2017 at 08:02hrs | | by Staff reporter
Mnangagwa ingested potent, non-radioactive poison
FRESH details have emerged that South African doctors - who performed a minor surgery on Vice-President Emmerson Mnangagwa (pictured) last Wednesday - reportedly detected traces of palladium poison wh...Published: 21 Aug 2017 at 08:46hrs | | by Staff reporter
Zimbabwe lost $144 billion
ZIMBABWE has lost US$144 billion in potential revenue from the mining sector since 2009, largely due to a plethora of problems, among them a power supply crisis, punitive tax regime and investor fatig...Published: 27 Apr 2017 at 18:43hrs | | by Staff reporter
Zimplats revenue up 41%
Platinum miner, Zimplats yesterday said revenue for the quarter ended December last year increased by 41 percent to $139 million on the back of strong metal sales.The miner also reported $...Published: 01 Feb 2017 at 05:57hrs | | by Staff reporter
China plotting new International currency for Zimbabwe?
COLOGNE– In what appears to be a carefully calculated political move set to crystallize China's influence in Africa and Harare, Beijing is reportedly plotting to help President Robert Mugabe's admin...Published: 07 Oct 2016 at 07:18hrs | | by Itai Mushekwe
Zimplats bounces back to profitability
Zimbabwe's largest platinum miner Zimplats says production for the year ended June 2016 hit a record 290 410 ounces, 53 percent higher than prior year, helping the company bounce back to profitabi...Published: 01 Sep 2016 at 07:20hrs | | by Staff reporter
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