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Zimbabwe holds 7th rank in global rough diamond production
Zimbabwe has maintained its seventh position in global rough diamond production according to the Kimberley Process Certification Scheme. Despite facing sanctions and strict trading rules in major US a...Published: 10 Jul 2024 at 15:42hrs | 23 | by Staff reporter
RioZim owner, 5 others die in plane crash
On Friday, a tragic incident claimed the lives of all six individuals aboard a Cessna 206 aircraft owned by the diamond mining company Rio Zim. The plane went down in the vicinity of Zvamahande, near ...Published: 29 Sep 2023 at 19:34hrs | 19 | by Staff reporter
Open Letter: Mine loses millions worthy of diamonds as workers engage in illicit diamond panning
Dear, Some "lucky" Murowa Diamonds Mine workers have become rich overnight after a well-orchestrated and carefully executed diamond stealing process went on undetected for months leaving some ...Published: 26 Feb 2023 at 11:04hrs | 26 | by Concerned Murowa Resident
Zimbabwe power crisis worsens
STRUGGLING national power utility Zesa Holdings has extended a plea for help to big miners by constituting a group called the Energy Intensive Users Group (EIUG) to provide off-take guarantees in hard...Published: 06 May 2022 at 19:28hrs | 3 | by Staff reporter
Nduna sues RioZim for invading his mine
CHEGUTU West legislator, Dexter Nduna has taken gold mining conglomerate, RioZim Ltd (RioZim) to court on allegations of invading his Danly mine situated in the mining town.RioZim is being sue...Published: 31 Aug 2021 at 06:09hrs | 1 | by Staff reporter
Residents sue RioZim over damaged houses
RIO ZIM Limited has been taken to the High Court by 32 Kadoma residents who are seeking an interdict to stop it from blasting closer to their houses, saying this had caused structural damage to some o...Published: 12 Mar 2021 at 06:11hrs | 2 | by Staff reporter
Name, shame loan defaulters, Biti demands
PARLIAMENT has demanded that Reserve Bank of Zimbabwe (RBZ) governor John Mangudya make public the schedule of beneficiaries whose loans were taken up by the Zimbabwe Asset Management Company (Zamco) ...Published: 05 Mar 2019 at 10:26hrs | 1 | 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
Rio Zim resumes operations
ZIMBABWE Stock Exchange-listed miner RioZim has resumed operations at three of its gold mines after reaching an agreement with Reserve Bank of Zimbabwe (RBZ) over foreign currency allocation. ...Published: 13 Nov 2018 at 12:37hrs | | by Staff reporter
Double standards by Rio Zim
DearRio Tonto Zimbabwe particularly Murowa Diamonds has a policy whereby prospective employees are subjected to serious vetting including police clearance and anyone with a criminal record is ...Published: 11 Nov 2018 at 09:22hrs | 3 | by Concerned Zvishavane Residents
3 ex-mayors battle for Kadoma seat
NEXT month's election will trigger an intriguing political fight involving Kadoma's two former mayors as well as the incumbent for the sole parliamentary ticket for Kadoma Central constituency....Published: 22 Jun 2018 at 07:15hrs | 11 | by Staff reporter
Diamond miners to account for missing $15bn
DIAMOND miners from various parts of the country have been summoned to appear before the Mines and Energy Parliamentary Portfolio Committee today, to account for the country's missing $15 billion diam...Published: 05 Mar 2018 at 06:03hrs | | by Staff reporter
Kariba hydro power project 50% complete
CONSTRUCTION work at the Zimbabwe Power Company's Kariba South Power Station's generation capacity extension is 50 percent complete with some key aspects of the project nearing completion. ZPC...Published: 16 Jun 2016 at 09:56hrs | | by Golden Sibanda
Mugabe's full speech - Let's shun corruption, regionalism, nepotism
Address by his excellency the President of the republic of Zimbabwe, Comrade RG Mugabe on the occasion of Zimbabwe's 36th Independence Day celebrations, harare, yesterday. H...Published: 19 Apr 2016 at 07:19hrs | 24 | by RG Mugabe
Zimbabwe diamond mine shuts down
Rio Zim Limited, which controls a 22 percent stake in Murowa Diamonds made an announcement last week in a note to shareholders contained in the group's results that Murowa has been mothballed in a...Published: 15 Oct 2015 at 08:05hrs | | by Staff reporter
ZSE lures mining companies
The Zimbabwe Stock Exchange (ZSE) is in discussions with mining companies so that they list on the local bourse to increase mining counters. According to the Newsday, the local bourse has fou...Published: 21 Jul 2015 at 06:26hrs | | by Staff reporter
Big wigs suck Zimbabwe banks dry
The majority of banks that folded over the past five months choked on souring loans extended to top executives and serial debtors, The Sunday Mail reported.AfrAsia is the latest victim of toxi...Published: 22 Mar 2015 at 07:09hrs | 2 | by Staff Reporter
Zanu-PF targets SA sugar producer
JOHANNESBURG Stock Exchange-listed sugar producer, Tongaat Hullet, is saddled with fresh threats from the ruling Zanu-PF party to cede 10 000 hectares to private indigenous farmers, as well as comply ...Published: 26 Jan 2015 at 06:49hrs | | by Staff reporter
Zanu-PF to unleash blitz on mining companies
Zanu-PF is early next year expected to launch a blitz on mining companies that have not contributed to the community share ownership schemes launched last year. This comes amid reports tha...Published: 19 Dec 2014 at 08:06hrs | | by Staff reporter
Mavhaire, the stone that builders rejected
When President Robert Mugabe announced his cabinet soon after his party's resounding victory in the July 2013 ballot, most people derisively laughed at the mention of Cde Dzikamai Mavhaire as the ...Published: 14 Jul 2014 at 07:36hrs | 1 | by Tafara Shumba
Corporate Zimbabwe planning mega charm offensive - Imara
Corporate Zimbabwe is gearing up for one of the biggest 'charm offensives' since the dollarisation of the country's economy, according to Imara, the pan-African investment banking and asset management...Published: 23 May 2012 at 08:53hrs | 1 | by Business reporter
Ndlovu takes over at RioZim
Rio Zimbabwe Limited (RioZim) has appointed Ashton Ndlovu, a former chairman of KW Blasting, as new managing director to replace long-serving Josphat Sachikonye, who stepped down last month.R...Published: 20 Apr 2012 at 07:47hrs | 3 | by Nare Msupatsila
Imara Edwards Securities Zimbabwe Stock Exchange weekly review
Yet another week characterised by subdued trading activity as the daily average value traded failed to breach the US$ 1.0m mark. The weekly turnover retreated to US$ 3.5 million from a spectacular am...Published: 19 Apr 2012 at 11:00hrs | | by Imara Edwards Securities
Local chiefs demand control of mines
President of the Chiefs' Council of Zimbabwe, Chief Fortune Charumbira, said foreign companies were looting the country's minerals with little or no benefit to the communities and has demanded chiefs ...Published: 25 Feb 2012 at 06:18hrs | | by Staff reporter
Zimbabwe Warriors can make it
WHEN the draw for the 2012 African Cup of Nations Group A qualification campaign was done, most football technocrats were very comfortable with the outcome.Group A is composed of top seeds Ma...Published: 29 Sep 2011 at 08:04hrs | | by Benedict Moyo
Zimbabwe Stock Market Comment – 25 August 2011
The Indices resumed their recent downward trend, with the Industrials down 0.13 % and Minings down 1.61 % on loses in Delta, Innscor and Rio Zim. Counters to gain included Dairibord and SeedCo. Turnov...Published: 26 Aug 2011 at 12:07hrs | | by Imara Stockbrokers
Investors pulling out of deals due empowerment legislation
HARARE -There has been reports that foreign investors are withdrawing offers to invest in mining firms in Zimbabwe because of concerns over President Robert Mugabe's controversial plan to transfer con...Published: 06 Jun 2011 at 10:02hrs | | by Ndou Paul
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