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Zimbabwe's gold output surges 33%
Zimbabwe's gold production surged by 33 percent in the third quarter of 2024, with output rising to 10.3 tonnes, compared to 7.7 tonnes in the previous quarter, according to official data from Fidelit...Published: 30 Oct 2024 at 07:53hrs | 142 | by Staff reporter
Zanu-PF gold baron refutes owing US$3m in gold deliveries, threatens
Zanu-PF's Insiza North Member of Parliament, Farai Taruvinga, a well-known gold magnate in Matabeleland South, is embroiled in a legal battle with gold buyer Shasha Richard Gomez over an unpaid gold d...Published: 17 Oct 2024 at 17:12hrs | 3880 | by Staff reporter
Zanu-PF MP ordered to pay US$3 million
Zanu-PF's Insiza North Member of Parliament, Farai Taruvinga, a prominent gold baron in Matabeleland South province, is facing legal action from gold buyer Shasha Richard Gomez over an unpaid gold del...Published: 07 Oct 2024 at 12:18hrs | 1711 | by Staff reporter
7 big global companies dump South Africa
Many large global companies, including Shell, HSBC, PNB Paribas, Rolex, AngloGold Ashanti, TotalEnergies, and BP's Aviation Fuel Business, are dumping South Africa.Last week, HSBC announced th...Published: 02 Oct 2024 at 12:35hrs | 1185 | by Staff reporter
Chinese company to build lithium refinery plant in Zimbabwe
Sinomine Resource Group Co.'s Zimbabwean unit plans to build a $500 million lithium refinery in the next 3-5 years, even as the company currently loses money due to weak metal prices."We have ...Published: 01 Oct 2024 at 15:34hrs | 1874 | by Staff reporter
Zimbabwe aims to maximize gold revenue amid global demand surge
The Ministry of Mines has officially launched the 2024 Second Gold Mobilisation exercise, a strategic initiative designed to ensure compliance and optimize revenue from Zimbabwe's gold mining sector. ...Published: 17 Sep 2024 at 06:49hrs | 160 | by Staff reporter
Boost for ZiG as gold deliveries soar
Zimbabwe saw a significant increase in gold deliveries in July, driven mainly by contributions from artisanal and small-scale miners. Deliveries surged by 33% to 3,495 kg from 2,618 kg in June...Published: 11 Aug 2024 at 18:33hrs | 345 | by Staff reporter
Willowton to unveil US$7m margarine plant
Willowton, a Mutare-based producer of edible oils and soaps, is about to launch a new margarine plant. The facility, currently in test runs, will begin full production in September with a monthly capa...Published: 24 Jul 2024 at 09:16hrs | 306 | by Staff reporter
Reserves backing Zimbabwe's ZiG shoot to US$370 million
Prices of goods and services in Zimbabwe are expected to remain stable, thanks to increased cash and mineral reserves backing the new currency, Zimbabwe Gold (ZiG). These reserves have risen from US$2...Published: 07 Jul 2024 at 10:34hrs | 75 | 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 | | by Staff reporter
Shareholders cream off US$1,6b from Mutapa
Zimbabwe's debt restructuring talks are at risk following revelations that the country's liabilities may have increased due to a secretive US$1.6 billion payment to unknown shareholders under the sove...Published: 04 Jul 2024 at 09:33hrs | 5 | by Staff reporter
Fidelity Gold Refinery gold supply zero-rating policy shows promise
The zero-rating of gold deliveries to Fidelity Gold Refinery (FGR) has started bearing fruits as the local currency, the Zimbabwe Gold (ZiG) continues to strengthen while gold miners have been allevia...Published: 18 Jun 2024 at 17:17hrs | 28 | by Tonderai Ndoro
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 | 7 | by Staff reporter
Zimbabwe to start gold-tracing system in bid to curb smuggling
Zimbabwe's sole authorized buyer of gold will introduce a system that traces supply of the metal from mines to the market in a bid to stop smuggling.Fidelity Gold Refinery's initiative will st...Published: 21 May 2024 at 08:29hrs | | by Staff reporter
Zimbabwe lithium miners table refinery plans
Four lithium mining companies have tabled plans to produce battery-grade lithium in Zimbabwe, a government official said on Monday.Zimbabwe, Africa's top producer of lithium, which is used in ...Published: 21 May 2024 at 08:27hrs | 1 | by Staff reporter
Zimplats shields US$1,8 billion expansion plan
PLATINUM giant Zimplats says the current cost-cutting initiatives aim to lessen the effect of budget cuts on its growth strategy, which includes a US$1,8 billion expansion programme.The compan...Published: 21 Mar 2024 at 08:46hrs | | by Staff reporter
Zimbabwe gold deliveries to Fidelity continue to decline
According to the latest official data, there has been a significant decrease in GOLD deliveries to Fidelity Printers and Refineries (FPR).Statistics from FPR indicate a 22% drop in gold delive...Published: 10 Mar 2024 at 06:28hrs | | by Staff reporter
Gold set to anchor Zimbabwe dollar
GOLD has emerged as the most ideal instrument likely to be used to anchor the structured currency the Government is pursuing to stabilise the exchange rate and curtail persistent inflation.The...Published: 10 Mar 2024 at 06:23hrs | 8 | by Staff reporter
Mnangagwa must not exempt state entities from scrutiny
GOVERNANCE watchdogs has demanded that President Emmerson Mnangagwa discard his gazetted General Notice 164B of 2024 which exempts 21 key state entities from complying with the Public Procurement and ...Published: 21 Feb 2024 at 20:03hrs | 19 | by Staff reporter
Mnangagwa govt is getting crazier
IF you are a Zimbabwean citizen or resident and still want to live on, you need super strong shock absorbers because the Mnangagwa administration is capable of crazy things that can easily kill you....Published: 11 Feb 2024 at 21:07hrs | | by Staff reporter
Mnangagwa exempts 21 entities from scrutiny
President Emmerson Mnangagwa has exempted 21 public entities from scrutiny in procurement and disposal of assets.The Reserve Bank of Zimbabwe, AFC Commercial Bank, Infrastructure Develop...Published: 09 Feb 2024 at 06:58hrs | | by Staff reporter
Zimbabwe looks for investment spark in EV market
AN "open for business" initiative launched by the Zimbabwean government in 2018 is being supported by the growing demand for electric vehicles (EVs).The Zimbabwe Investment and Development Agency was ...Published: 24 Jan 2024 at 04:51hrs | 1 | by Staff reporter
SA court hears how diesel consignment from British oil company to Zimbabwe 'disappeared'
British oil company BP claimed to have exported a consignment of diesel to Zimbabwe in 2019 - but the fuel never arrived.A case brought by the South African Revenue Service (Sars) in a South A...Published: 17 Jan 2024 at 05:09hrs | 15 | by Staff reporter
Zimplats imports power directly from Zambia
Zimplats, the country's largest platinum producer, now directly imports up to 70 megawatts from Zambia, ensuring stable operations and potentially boosting production.Last year, Zimplats signe...Published: 12 Jan 2024 at 04:59hrs | 2 | by Staff reporter
How a Zimbabwean business coach went from artisinal miner to CEO
"I am always busy from Monday to Friday working for the Youth Miners Foundation, and on other days I will be at my own gold mine…" Payne Farai Kupfuwa, the 36-year-old CEO of the Young Miners Founda...Published: 31 Dec 2023 at 08:57hrs | 10 | by Staff reporter
9 robbers shot as cops name 20 most wanted criminals
NINE suspected robbers sustained injuries after they were shot by police in Harare on Thursday in a crackdown, while the hunt is on for 20 suspects whom detectives have named as Zimbabwe's most wanted...Published: 17 Dec 2023 at 09:42hrs | 4 | by Staff reporter
ZRP unveils Top 20 most wanted criminals in Zimbabwe
The Zimbabwe Republic Police (ZRP) has released a list of the country's top 20 most wanted criminals. The individuals on this list are suspected to be involved in a range of criminal activities, from ...Published: 17 Dec 2023 at 08:12hrs | 1415 | by Mandla Ndlovu
Zimbabwe orders lithium miners to submit refinery plans by March 2024
Zimbabwe has given lithium miners up to March 2024 to submit plans for the local production of battery-grade lithium in a bid to benefit from growing demand for the clean energy mineral, Finance Minis...Published: 30 Nov 2023 at 21:09hrs | 7 | by Staff reporter
Zimbabwe sees surge in mining investments
Zimbabwe's mining sector has witnessed a surge in investment over the past two years, with several companies investing heavily in exploration, expansion, and plant construction.A recent survey...Published: 09 Nov 2023 at 05:53hrs | 17 | by Staff reporter
Zimbabwe gold deliveries up 26% in September
Gold deliveries to Fidelity Gold Refinery (FGR) saw a notable increase of 26.24% in September compared to August, according to the latest data. This surge in gold deliveries reflects a recovery in the...Published: 06 Oct 2023 at 06:39hrs | | by Staff reporter
More painful petrol, diesel hikes in South Africa
Motorists can expect hikes of over R1 for all grades of fuel from Wednesday.The unleaded petrol price (95) will be hiked by R1.14 a litre, while 93 will be increased by R1.08. Diesel (0.05% su...Published: 03 Oct 2023 at 14:27hrs | 2 | by Staff reporter
Zimbabwe gold production slumps 15%
ZIMBABWE'S gold production fell 15 percent to 19,3 tonnes in the first eight months of the year partly due to lack of funding by the small-scale miners to modernize operations.According to dat...Published: 20 Sep 2023 at 06:25hrs | | 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 produces US$1,1 billion gold
Zimbabwe produced a total of 16 855kg or 594 543 ounces of gold in the first seven months of this year, translating to about US$1,1 billion in value, statistics from Fidelity Gold Refinery (FGR) show....Published: 20 Aug 2023 at 13:14hrs | | by Staff reporter
Zanu-PF's well-oiled campaign raises eyebrows
A day after President Emmerson Mnangagwa's rally in Harare on August 9, thousands of empty boxes of fast foods were strewn across the venue spanning up to more than the size of four soccer fields....Published: 13 Aug 2023 at 21:57hrs | 6 | by Staff reporter
AU accomplice in Zimbabwe corruption
THE sincerity of African leaders and institutions in fighting corruption has come under scrutiny following the appointment of controversial Zimbabwean self-styled prophet Uebert Angel as its Pan-Afric...Published: 25 Jul 2023 at 08:24hrs | 1 | by Staff reporter
UAE suspends Gold Refinery over owners' alleged laundering links
The United Arab Emirates suspended the accreditation of one of its biggest gold refineries over concerns that its owners had ties to alleged money launderers.Emirates Gold DMCC — which has o...Published: 15 Jul 2023 at 11:17hrs | 10 | by Staff reporter
Why Mnangagwa failed to improve Zim's economic prospects
IT is now more than five years since President Emmerson Mnangagwa assumed power with a mandate from his backers to improve the country's economic fortunes, the nemesis of his predecessor, Robert Gabri...Published: 29 Jun 2023 at 06:29hrs | 9 | by Martin Majaji
Masiyiwa receives Afreximbank award
STRIVE Masiyiwa, the founder and chairperson of the Econet Group and Cassava Technologies, has expressed his appreciation at the recognition he received at the Afreximbank's Pan-African Business and D...Published: 25 Jun 2023 at 18:21hrs | 9 | by Staff reporter
Zimbabwe gold production surges 21% in May
ZIMBABWE'S gold production surged a weighty 21 percent to 2 875 tonnes in May this year from 2 376 tonnes in the previous month, the latest official figures show.Statistics from Fidelity Gold ...Published: 07 Jun 2023 at 06:03hrs | | by Staff reporter
Masiyiwa named among only 17 black billionaires in the world
ACCORDING to Forbes, there are currently 2,640 billionaires in the world. They are collectively worth $12.2 trillion. The United States is the number one home of billionaires with 735 of them, followe...Published: 05 Jun 2023 at 06:59hrs | 3 | by Staff reporter
A critical review of Al Jazeera's Gold Mafia documentary
APRIL, famously characterised as "the cruellest month" by distinguished poet and literary critic TS Eliot in his critically acclaimed essay "The Wasteland" - not because its first day celebrates fools...Published: 28 May 2023 at 17:07hrs | 3 | by Jonathan Moyo
Power outages dent RioZim production
GOLD production at Cam & Motor Mine — one of RioZim Limited's flagship operations — increased 92% in the first quarter of this year on the back of the Biological Oxidation (BIOX) plant that ca...Published: 25 May 2023 at 06:27hrs | | by Staff reporter
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 | | by Staff reporter
Zimbabwean gold dealer claims to be well-protected
ZIMBABWEAN gold dealer Ewan Macmillan has made a sensational claim that President Emmerson Mnangagwa, whom he pays an undisclosed amount of money every month, jumps to his protection whenever he gets ...Published: 18 Apr 2023 at 20:02hrs | | by Staff reporter
FULL TEXT: Jonathan Moyo statement on Gold Mafia
Now that three of its four episodes have been – and notwithstanding the fact that the fourth episode might have bombshells in the form of controversial or shocking utterances by its main interlocuto...Published: 13 Apr 2023 at 08:56hrs | | by Jonathan Moyo
Uebert Angel, Rudland accounts frozen
INDIVIDUALS implicated in the gold Mafia scandal including prophet Uebert Angel have had their assets frozen by the Reserve Bank of Zimbabwe's Financial Intelligence Unit with arrests imminent....Published: 07 Apr 2023 at 09:10hrs | | by Staff reporter
What draws the gold mafia to Dubai?
An Al Jazeera investigation shows how criminals use the city's pro-business policies to smuggle gold, clean dirty cash.https://www.youtube.com/watch?v=...Published: 06 Apr 2023 at 20:23hrs | 1 | by Al Jazeera Investigative Unit
Who are Zimbabwe's Gold Mafia?
They operate from the shadows. Al Jazeera's latest investigation, The Gold Mafia, brings their crimes out into the open. Last week, Part 1 of ‘Who are the Gold Mafia?‘ dove into the lives of some ...Published: 31 Mar 2023 at 07:40hrs | 1 | by Staff reporter
Al Jazeera exposé: Mnangagwa should step down for enabling corruption
A CROSS-SECTION of Zimbabweans say they feel gutted after watching the first of a four-part Al Jazeera exposé on money-laundering and gold smuggling activities implicating President Emmerson Mnangagw...Published: 25 Mar 2023 at 08:16hrs | | by Staff reporter
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