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Zimbabwe wants 26% free-carry stake in new mining projects
Zimbabwe is planning to hold 26% of new mining projects on a free-carry basis, and will also negotiate with existing operators to acquire a similar stake."We need to move to a level where we r...Published: 11 Dec 2024 at 13:31hrs | 197 | by Staff reporter
RioZim loses 200 mine claim battle
RioZim Limited has been unsuccessful in its legal challenge against the Defence Ministry over 200 mining claims. The High Court dismissed RioZim's application, ruling it defective due to proc...Published: 02 Sep 2024 at 11:32hrs | 453 | by Staff reporter
Zimbabwe's mines minister orders stop to artisanal mining
Mines Minister Soda Zhemu has called on artisanal miners to "completely stop" mining activities during the current rain season which poses a high risk of mine disasters.In a statement, Zhemu a...Published: 16 Jan 2024 at 04:38hrs | 5 | by Staff reporter
Zimbabwe gold output declines 15%
Zimbabwe produced 30 metric tons of gold in 2023, 15% less than the previous year, official data showed on Monday, as electricity cuts and currency volatility impacted output.The southern Afri...Published: 10 Jan 2024 at 17:47hrs | 10 | by Staff reporter
400 delegates jet into Zimbabwe for diamond Indaba
Approximately 400 delegates hailing from 59 countries, including Zimbabwe, are set to gather in Victoria Falls next week for the Kimberley Process Certification Scheme (KPCS) summit. The focus of thes...Published: 03 Nov 2023 at 05:35hrs | 11 | by Staff reporter
Aliko Dangote promise to keep his Zimbabwean business empire
Aliko Dangote, Africa's wealthiest black individual and the founder and chairman of Dangote Cement, the continent's largest cement manufacturer, made a commitment to preserve the extensive business em...Published: 09 Oct 2023 at 15:58hrs | 2 | by Staff reporter
Zanu-PF engages police to recover party vehicles
Zanu-PF has issued a warning to losing party candidates who have failed to return their party vehicles as instructed, cautioning that the vehicles could be repossessed by the police if they do not com...Published: 06 Oct 2023 at 06:42hrs | 8 | by Staff reporter
Police name victims of Zimbabwe plane crash that killed Indian tycoon
Zimbabwean authorities have officially released the identities of five of the six victims involved in the plane crash that occurred in Mashava on September 29. The tragic incident claimed the lives of...Published: 03 Oct 2023 at 17:05hrs | 3 | by Staff reporter
Caledonia Mining Corporation declares 14 cents dividend
Zimbabwe, October 2, 2023 - Caledonia Mining Corporation, a prominent global mining firm with operations in Zimbabwe, has declared a dividend of US$0.14 per share for the third quarter of its 2023 tra...Published: 03 Oct 2023 at 09:17hrs | 8 | by Staff Reporter
Memorial service of Zimbabwean-based Indian mining mogul postponed indefinitely
The memorial service of Zimbabwean-based Indian mining mogul Harpal Randhawa and his son Amer who died with four colleagues on Friday in a plane crash on their way from Harare to Murowa Diamonds in Zv...Published: 02 Oct 2023 at 20:28hrs | | by Staff reporter
Zimbabwe gold mine death toll expected to rise to 13, Chiwenga says
The death toll from a shaft collapse at a disused gold mine in Zimbabwe was expected to rise to 13, the vice president said, according to state media.State-run newspaper The Sunday Mail quoted...Published: 02 Oct 2023 at 11:07hrs | | by Staff reporter
40 workers trapped after mine shaft collapses
On Friday, a tragic incident occurred at the Bay Horse mine in the Chakari region of Chegutu, situated approximately 100 kilometers to the west of Harare, resulting in the loss of six miners' lives....Published: 30 Sep 2023 at 10:37hrs | | 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 | 4 | by Staff reporter
Mnangagwa heads to Magunje for star rally
PRESIDENT Mnangagwa today heads to Mashonaland West for a star rally in the province that has in the past five years benefited immensely from the Second Republic-initiated programmes and projects....Published: 08 Jul 2023 at 08:22hrs | 10 | by Staff reporter
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
Zimbabwe to scale up diamond cutting, polishing industry
MINES and Mining Development Minister Winston Chitando has said the country is targeting seven million carats this year as the country plans to scale up the diamond cutting and polishing industry....Published: 09 Mar 2023 at 05:21hrs | 4 | by Staff reporter
Crashed Zimbabwe plane was carrying diamonds
THE light plane owned by mining giant, Murowa (Private) Limited, which force-landed near Beatrice on Monday afternoon, had a parcel of diamonds which were being transported under armed guard by police...Published: 15 Feb 2023 at 05:00hrs | 10 | by Staff reporter
Zimbabwe paying price for shoddy energy deals
ZIMBABWE is paying the price for failure to tap into renewable energy, as climate change is hindering power generation at Kariba Power Station - the country's largest electricity generating plant - wh...Published: 04 Dec 2022 at 14:06hrs | | by Staff reporter
RBZ in dramatic U-turn on Fidelity privatisation
IN a dramatic policy U-turn, the Reserve Bank of Zimbabwe (RBZ) has indefinitely suspended its plans to partially privatise Fidelity Printers and Refiners (FPR) nearly two years after announcing inten...Published: 04 Nov 2022 at 05:32hrs | | by Staff reporter
Zimbabwe confident of producing 6m carats next year
Zimbabwe is confident it will produce six million carats and generate US$1 billion from the diamond industry next year in line with set targets, Mines and Mining Development Minister Winston Chitando ...Published: 23 Oct 2022 at 09:07hrs | 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 | | by Staff reporter
RioZim faces corporate rescue
A TRADE union has given the Zimbabwe Stock Exchange-listed resources outfit RioZim a seven-day ultimatum to recapitalise and settle outstanding salaries or face administration.In a letter addr...Published: 28 Sep 2022 at 06:01hrs | 25 | by Staff reporter
Zesa seeks to recover ZW$30bn in unpaid bills
THE Zimbabwe Electricity Supply Authority (ZESA) Holdings has intensified a nationwide blitz aimed at disconnecting power supplies to defaulting customers who owe more than ZW$30 billion.The d...Published: 18 Jul 2022 at 08:38hrs | 3 | by Staff reporter
Zimbabwe thermal power plan under threat?
ZIMBABWE'S plan to refurbish two idle coal-fired power stations has been thrown into disarray by China's decision to ban investment in plants burning the dirtiest fossil fuel outside its borders....Published: 10 Jun 2022 at 07:55hrs | | by Staff reporter
Govt tops pension defaulters list
STATE enterprises and parastatals top the list of 50 employers paying their former workers measly pensions, while owing the Insurance and Pensions Commission (Ipec) $5,3 billion in pension contributio...Published: 09 Jun 2022 at 06:41hrs | | by Staff reporter
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 | 2 | by Staff reporter
20 buses drive to Mnangagwa's event empty
Zanu-PF Mashonaland West leaders are at loggerheads after 20 Zupco buses commandeered to ferry party supporters to Kadoma for President Emmerson Mnangagwa's event ended up driving to the venue virtual...Published: 18 Apr 2022 at 10:35hrs | 1 | by Staff reporter
Naysayers will be buried in own ignorance
For Bishop Lazi and his ilk, today - Palm Sunday - marks the beginning of Holy Week.It is a sacred period that commemorates Jesus Christ's ‘triumphal entry' into Jerusalem for the Passover w...Published: 10 Apr 2022 at 08:08hrs | 1 | by Bishop Lazi
Zimbabwe is best investment destination, claims Implats
South Africa's Impala Platinum Holdings (Implats) has described Zimbabwe as the best investment jurisdiction due to its predictable and supportive operating environment, which has allowed its investme...Published: 08 Apr 2022 at 06:42hrs | 1 | by Staff reporter
RioZim's coal power project seeks other backing after China's U-turn
A Zimbabwean company that had been banking on Chinese financing to build a major coal-fired power plant says it is now looking for alternative backers as China pulls back on funding such projects over...Published: 31 Mar 2022 at 09:01hrs | 11 | by Staff reporter
Mining sector rakes in US$5,3 billion
Zimbabwe generated US$5,3 billion from mineral exports last year, half the US$12 billion mining industry target set for next year with output rising and new mines opening or re-opening, Mines and Mini...Published: 24 Mar 2022 at 05:17hrs | 2 | by Staff reporter
Zimbabwe edges closer to US$12bn target?
Government and private sector players in the mining industry are resolute in their commitments towards achieving the US$12 billion by 2023.Zimbabwe launched the Strategic Road to the Achieveme...Published: 03 Jan 2022 at 05:53hrs | 13 | by Staff reporter
'Mnangagwa must not contest the 2023 presidential election'
ZIMBABWEAN President Emmerson Mnangagwa must regularise his illegitimate leadership position, but not contest the 2023 presidential election, as he would be a geriatric by then, prominent corporate ex...Published: 30 Oct 2021 at 15:06hrs | 6 | by Staff reporter
Zimbabwe's huge coal reserves might soon be redundant
TOP executives at Zimbabwe's power utility Zesa Holdings Limited and policymakers are deeply worried about the future of coal-fired electricity projects in the country following China's recent move to...Published: 23 Oct 2021 at 23:52hrs | 1 | by Staff reporter
Court dismisses Nduna's attempts to grab gold mine
HIGH Court judge Justice David Mangota has dismissed an application by Chegutu West MP Dexter Nduna in which he sought to be declared the lawful owner of Danly Mine.The lawmaker had sued RioZi...Published: 17 Sep 2021 at 19:48hrs | | by Staff reporter
Zanu-PF MP, RioZim fight over mine
CHEGUTU West legislator Dexter Nduna (Zanu-PF) has dragged RioZim Ltd (RioZim) to the High Court, accusing the gold producing giant of invading his gold mining claim.Nduna accuses RioZim of fo...Published: 31 Aug 2021 at 06:15hrs | 4 | 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 | | by Staff reporter
Tagwirei linked companies cited in US$49m privatisation deal
AS Treasury maintains a tight lid over the identity of gold producers who snapped 60% shareholding in Fidelity Printers and Refiners (FPR), emerging details show that Kuvimba Mining House, Better Bran...Published: 20 Aug 2021 at 07:22hrs | | 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 | 3 | by Staff reporter
China Bank dumps plan to fund Zimbabwe’s US$3b coal power plant
CHINA'S biggest bank has dumped plans to fund a $3 billion coal-fired power plant in Zimbabwe, in a blow to a two-decade effort to develop the project, according to a coalition of 32 environmental gro...Published: 30 Jun 2021 at 17:01hrs | | by Staff reporter
Murowa running out of diamonds
OUTPUT at RioZim's gem extraction associate Murowa Diamonds slipped to 579 000 carats during the year ended December 31, 2020 after Zimbabwe's oldest operating diamond mining asset depleted high-grade...Published: 12 Apr 2021 at 07:21hrs | | by Staff reporter
RioZim gold output falls 27%
LOW ore grade at the Zimbabwe Stock Exchange-listed gold producer RioZim's flagship unit Cam&Motor Mine saw the firm's total output tumble by 27% during the year ended December 31, 2020, said the ...Published: 11 Apr 2021 at 06:44hrs | 2 | 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 | 1 | by Staff reporter
1 killed after invading RioZim mine
A 36-YEAR-OLD artisanal miner from Chakari in Kadoma was last Friday shot and killed by a RioZim Limited mine security guard after illegal miners trespassed and gained access to one of the mine's clai...Published: 16 Feb 2021 at 17:52hrs | | by Staff reporter
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 | 25 | by Staff reporter
RBZ to sell Fidelity Printers & Refinery
Reserve Bank of Zimbabwe has announced its intention to unbundle and dispose of part of its stake in Fidelity Printers and Refiners.According to a statement from RBZ governor John Mangudya, th...Published: 16 Dec 2020 at 15:09hrs | 2 | by Staff reporter
Supreme Court reverses army takeover of RioZim chrome mine
Listed mining company RioZim has won a Supreme Court battle with Zimbabwe's military after one of its mines was forcibly taken over through a ministerial decree.Defence minister Oppah Muchingu...Published: 20 Nov 2020 at 06:18hrs | | by Staff reporter
Zimbabwe looks underground for golden economic revival
REELING from decades of economic mismanagement, Zimbabwe is banking on gold to shore up revenue and tackle the upshots of rampant hyperinflation, corruption and coronavirus restrictions.Global...Published: 16 Nov 2020 at 05:48hrs | 1 | by Staff reporter
'Rushwaya gold could buy UniFreight, Zeco'
THE gold that underfire Zimbabwe Miners' Federation (ZMF) boss Henrietta Rushwaya allegedly tried to smuggle out of the country before running into an airport security trap about three weeks ago was e...Published: 14 Nov 2020 at 21:20hrs | | 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 | 1 | by Staff Reporter
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