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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
Zimplats advances Zimbabwe's value-addition drive
Zimplats, one of Zimbabwe's leading platinum group metals producers, is making significant progress toward enhancing value addition and beneficiation in the mining sector through the construction of a...Published: 09 Dec 2024 at 06:58hrs | 1619 | by Staff reporter
Zimbabweans to endure 6 more years with load shedding
The Zimbabwe Electricity Supply Authority (Zesa) is undertaking energy generation projects worth 3,000MW to eliminate load-shedding and achieve universal electricity access by 2030. The initiatives ar...Published: 20 Nov 2024 at 06:49hrs | 302 | by Staff reporter
Is it a scandal or what: mining media awards: senior journalists upset a need stay away
In the media cycles, questions are being asked whether the mining media awards are a genuine cause made by the sponsors or a scandal that needs to be exposed.This is because every year, the wi...Published: 16 Nov 2024 at 20:13hrs | 519 | by Stephen Jakes
Zimbabwe power outages to ease as Hwange Unit 7 returns to operation
The Zimbabwean government has assured citizens that severe power outages affecting the country will ease this weekend as Hwange Unit 7, recently down for maintenance, is set to resume operation. The u...Published: 01 Nov 2024 at 06:32hrs | 381 | by Staff reporter
Zimbabwe platinum output to remain stable
Platinum production in Zimbabwe is expected to remain stable this year, with global demand projected to rise by 3% to approximately 226,000 ounces, according to a report released by the World Platinum...Published: 11 Sep 2024 at 08:51hrs | 60 | by Staff reporter
'Zimbabwe mining activity is organised crime,' says foreign funded Maguwu
Farai Maguwu, founding director of the Centre for Natural Resource Governance, has criticized the mining activities in Zimbabwe, particularly those involving Chinese companies, describing them as "org...Published: 26 Aug 2024 at 12:38hrs | 3808 | by Staff reporter
Zimplats narrows down costs
Zimplats narrowed down costs in the quarter to end June although it is still investing in capital projects such as a solar power plant that is due for commissioning and a concentrator project....Published: 16 Aug 2024 at 14:06hrs | 854 | by Staff reporter
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 | 17 | by Staff reporter
Nigerian billionaire Zimbabwe deals falter amid capital problems
WITH the help of Zimbabwean authorities who supported him amass platinum, gold, lithium, iron ore, tin and some rare earth mineral concessions, it first appeared like he was going far.At some poin...Published: 28 May 2024 at 12:46hrs | 9 | 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 electricity imports down 57%
ZIMBABWE has started reaping savings from reduced energy imports following improved domestic electricity generation mainly from the upgraded Hwange Thermal Power Station and the rising contribution by...Published: 30 Jan 2024 at 04:22hrs | 18 | 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
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
Zimbabwe mines need a web presence
Zimbabwe has only just over ten mines and mining companies with an online presence. Mines with a web presence include ZimPlats, Caledonia Mining Corporation, A and F Avalon Gold Mine, Renco Gold Mine,...Published: 24 Dec 2023 at 09:57hrs | 11 | by Jacob Kudzayi Mutisi
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
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 | 20 | by Staff reporter
Zimplats is cutting spending on its US$1.8bn projects
The decline in global platinum prices is compelling Impala Platinum to reduce its planned expenditures across its operations, including Zimplats, which is expected to negatively impact local suppliers...Published: 03 Nov 2023 at 08:22hrs | 9 | by Staff reporter
Bad leadership behind Zimbabwe's impoverishment
FORMER Finance minister in the Government of National Unity (GNU) Tendai Biti has blamed poor political leadership and a shambolic mineral resource governance strategy for the stagnation in Zimbabwe's...Published: 23 Oct 2023 at 10:50hrs | 2 | 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
Sorry Chamisa, development has already taken off!
No one would want to be in the situation which CCC leader Nelson Chamisa finds himself at the moment — being faced with an election for which you know your opponent has already addressed most of the...Published: 28 Jul 2023 at 06:42hrs | 1 | by Lovemore Chikova
Rogue traffic enforcers undermining business in Zimbabwe
FORMERLY known as an opulent suburb, Harare's Borrowdale area is gradually transforming into a commercial hub, not only for the city but the entire Zimbabwe.With its peace and flamboyance, Bor...Published: 23 Jul 2023 at 08:34hrs | 1 | by Staff reporter
Pilot mining starts at Karo platinum project
Tharisa Capital, a South African co-producer of platinum group metal (PGM) and chrome concentrates, says its Karo Mining platinum project in Zimbabwe remains on track, with the first plant concrete po...Published: 18 Jul 2023 at 06:18hrs | 7 | by Staff reporter
Nigerian billionaire's US$1 billion Zimbabwean mining deals stall
NIGERIAN oil and gas billionaire Benedict Peters' massive investment plans to shell out over US$1 billion into a local platinum mining project and more into lithium, iron ore, tin, gold and rare earth...Published: 16 Jul 2023 at 13:54hrs | 14 | 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
Chiefs receive 5% Zimplats shares
ZIMPLATS and its parent company Implats have issued 5% shares to traditional leaders in Mhondoro-Ngezi district, who will hold them on behalf of their communities.This was revealed yesterday d...Published: 15 Jun 2023 at 06:49hrs | 1 | by Staff reporter
Mangudya rules out dollarisation
RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya yesterday claimed that past experiences, rather than basic economic issues, were to blame for the country's exchange rate volatility, as he ruled ...Published: 02 Jun 2023 at 06:46hrs | 1 | by Staff reporter
Zanu-PF, Zec in 'secret' voter registration?
The Zimbabwe Electoral Commission (Zec) has been accused of colluding with Zanu-PF to conduct private voter registration campaigns targeting ruling party supporters only.Zanu-PF says it is tar...Published: 23 Apr 2023 at 07:51hrs | 1 | by Staff reporter
Mnangagwa hints on poll dates
PRESIDENT Emmerson Mnangagwa yesterday said he will proclaim election date next month, ending speculation that the polls might be postponed to allow for formation of a coalition government.Spe...Published: 21 Apr 2023 at 19:45hrs | | by Staff reporter
Al Jazeera must be onto something big
THE first of a four-part documentary by international news channel Al Jazeera titled Gold Mafia: The Laundry Service has kicked up so much dust that it is now quite possible for many people to complet...Published: 29 Mar 2023 at 06:55hrs | | by Staff reporter
Mnangagwa's links with kleptocrats, dodgy business networks solidify
PRESIDENT Emmerson Mnangagwa's state visit to Equatorial Guinea this week, where he met the world's longest-serving head of state, President Teodoro Obiang Nguema Mbasogo, underlines his penchant for ...Published: 12 Feb 2023 at 11:17hrs | 9 | by Staff reporter
Karo Mining's US$4,2bn Zimbabwe platinum project takes off
The Karo Mining Holdings (KMH), a Zimbabwean platinum group metal (PGMs) miner undertaking a US$4,2 billion project in Mhondoro, has commenced operations with the first ore expected in the processing ...Published: 08 Dec 2022 at 05:04hrs | 1 | by Staff reporter
Zimplats in a fix over US$100m deal
Giant mining conglomerate, Zimplats (Private) Limited could cough out over US$100 million to the community in Chegutu, Mhondoro-Ngezi and Zvimba after it allegedly reneged on its 2011 commitment to al...Published: 03 Dec 2022 at 09:10hrs | 2 | by Staff reporter
Zimplats dumps community share payment obligations?
Despite notching up a record revenue of US$1.4 billion last year coupled with tax contributions and royalties totalling US$404,6 million, platinum mining giant Zimplats has been dragged to court for f...Published: 30 Nov 2022 at 05:37hrs | 5 | by Staff reporter
Zimbabwe 5 years after Robert Mugabe - so, what has changed?
A climate of fear still lingers in Zimbabwe, five years after long-time ruler Robert Mugabe was deposed. As the country marks this milestone, few people are willing to speak openly about whether the g...Published: 22 Nov 2022 at 17:18hrs | 1 | by Staff reporter
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
South Africa's Tharisa begins $391 million Zimbabwe platinum mine build
South Africa's Tharisa Plc plans to spend $391 million on developing a 194,000 ounce per year platinum group metal (PGM) mine in Zimbabwe, chief executive Phoevos Pouroulis said on Wednesday.T...Published: 13 Oct 2022 at 06:02hrs | 4 | by Staff reporter
Zimplats splurges US$270m on capital projects
Zimplats says it has expended in excess of US$270 million on capital projects in 2022, nearly 70% up on the US$159,1 million spent in the previous year.These include stay-in-business, re...Published: 07 Sep 2022 at 06:43hrs | 1 | by Staff reporter
Assessing the US$12 billion mining industry target
The Zimbabwean government launched an ambitious plan to transform the mining sector into a US$12 billion export industry by end of 2023. The plan was launched in October 2019 as a key pillar to sustai...Published: 11 Aug 2022 at 12:01hrs | 3 | by Victor Bhoroma
Zimbabwe mining surpasses US$5 billion
Zimbabwe's mining sector is registering unprecedented growth, for the first time in history, with earnings jumping to US$5,2 billion in 2021 from about US$2,9 billion in 2017, as positive gains contin...Published: 22 Jul 2022 at 06:39hrs | 1 | by Staff reporter
Settlers invade farm earmarked for town expansion
THOUSANDS of illegal settlers yesterday invaded Risboro Farm earmarked for Chegutu urban expansion under the Smart City concept. The farm measuring 1 176 hectares was released to Chegutu Munic...Published: 22 Jun 2022 at 06:41hrs | 4 | by Staff reporter
Pay half salaries in US$: NECs
THE National Employment Councils (Necs) has directed private sector employers to pay half of their salaries in foreign currency as appetite for the free-falling local currency wanes.Nec yester...Published: 17 Jun 2022 at 08:28hrs | 2 | by Staff reporter
Mnangagwa shedding crocodile tears
LAST week's threat by President Emmerson Mnangagwa to punish miners who have decimated swathes of mineral and agricultural fields demonstrated that he has suddenly awakened from his slumber and realis...Published: 11 Jun 2022 at 09:32hrs | 1 | by Staff reporter
Zimbabwe's US$3bn platinum deal all but collapses in a shambles
IT was noisily touted as a game changer for Zimbabwe's mining sector, and the economy; a centrepiece of government's ambitious yet unrealistic US$12 billion target for the industry by next year and ca...Published: 31 May 2022 at 07:38hrs | 11 | by Staff reporter
Zimbabwe suspends platinum levy
THE Government has suspended the 5 percent levy on raw platinum exports after miners lobbied the Treasury for its removal citing its detrimental impact on operations and the commitment by industry pla...Published: 17 May 2022 at 06:31hrs | 2 | by Staff reporter
Stanbic chips in for life-saving bridge construction
Stanbic Bank Zimbabwe was part of a stellar team of stakeholders led by Rotary Club of Harare City, who chipped in with assistance in cash or kind during the construction of the Shavanhowe foot bridge...Published: 16 May 2022 at 11:57hrs | 14 | by Agencies
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
Mnangagwa's wife comforts Mutsvangwa family
FIRST Lady Auxillia Mnangagwa visited the Mutsvangwa family residence in Harare on Friday to pass her condolences following the death of Paidamoyo Nonica Mutsvangwa in a road accident last week....Published: 17 Apr 2022 at 09:06hrs | 2 | by Staff reporter
Policy flip flops impede platinum deals
INVESTMENT into Zimbabwe's platinum sector has been held back by unpredictable policies, a leading resource campaigner said this week.Claude Kabemba, executive director at Southern African Res...Published: 15 Apr 2022 at 08:59hrs | 1 | by Staff reporter
Govt throws its weight behind Buy Zimbabwe
GOVERNMENT will complement the efforts by Buy Zimbabwe to promote growth and competitiveness in the country's local industry, Finance minister Mthuli Ncube has said.Speaking at the 11th editio...Published: 11 Apr 2022 at 06:35hrs | 1 | by Staff reporter
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