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Shingi Munyeza loses US$4,930 in chrome deal scam
Businessman Shingi Munyeza is counting his losses after falling victim to a con artist who posed as an agent for ZimAlloys in a fraudulent chrome deal. Munyeza lost a total of US$4,930 in the scam, wh...Published: 26 Nov 2024 at 09:09hrs | 1361 | by Staff reporter
ZimAlloys resumes chrome smelting
ZimAlloys, a ferrochrome producer based in Gweru, has restarted its chrome smelting operations after an 11-year break, thanks to a US$7 million investment from Kuvimba Mining House. The company's revi...Published: 18 Oct 2024 at 08:37hrs | 184 | by Staff reporter
Bata offloads 106 workers
Gweru, one of Zimbabwe's heavy industrial hubs continues with its tailspin after Bata Shoe Company retrenched 106 workers on Monday this week.Except for Bata, most of Gweru's industrial area i...Published: 25 Nov 2023 at 07:48hrs | 11 | by Staff reporter
Zisco to start iron ore mining ahead of revival
MOTHBALLED steel giant, Zisco, has procured the equipment it requires to start limestone and iron ore mining in Redcliff early next year ahead of the much-anticipated resumption of operations, a senio...Published: 09 Oct 2023 at 06:05hrs | 1 | by Staff reporter
ZimAlloys set to fire up new furnaces after $40m injection
ONE of the country's largest ferrochrome producers, Zimbabwe Alloys (ZimAlloys) will next month return to production after a new shareholder injected close to US$40 million to revive the company....Published: 29 Sep 2023 at 10:10hrs | | by Staff reporter
Zisco set to start mining operations
THE Zimbabwe Iron and Steel Company (Zisco) intends to start mining limestone and iron ore near Kwekwe by the end of this year as part of the preparatory groundwork to revive the defunct former steel ...Published: 16 Jun 2023 at 09:45hrs | 1 | by Staff reporter
ZimAlloys ready to switch on its biggest furnace
ZIMBABWE Alloys (ZimAlloys), one of the country's biggest producers of ferrochrome, will restart its 50 000 tonnes per year furnace in July this year after investing more than US$13 million in it, an ...Published: 30 Mar 2023 at 06:38hrs | | by Staff reporter
Steel firms pour US$1 billion into Zimbabwe
Major steel-processing firms developing operations in Zimbabwe have this year invested over US$1 billion into their projects, which are at various stages of implementation, official data showed yester...Published: 27 Dec 2022 at 06:40hrs | 1 | by Staff reporter
Zanu-PF youths grab Kadoma gold mine
Zanu-PF youths have moved to grab Eiffel Blue gold mine in Kadoma from a European investor who has put it up for sale ahead of next year's general elections.This shows there is still no rule o...Published: 16 Oct 2022 at 19:33hrs | | by Staff reporter
Mnangagwa son-in-law, adviser botch ZimCoke deal
A COURT application is set to be filed any day from now to legally and officially cancel the US$225 million ZimCoke deal to acquire assets of the now defunct state-owned Zimbabwe Iron and Steel Compan...Published: 12 Mar 2022 at 19:17hrs | 7 | by Staff reporter
ZimAlloys to resume production next year
Zimbabwe Alloys (ZimAlloys), one of the country's largest ferrochrome producer is looking to re-start production during the first quarter of next year, an official has saidThe company owns thr...Published: 08 Oct 2021 at 06:24hrs | 7 | by Staff reporter
Mnangagwa-Tagwirei links getting clearer
THE other day I was talking to a respected colleague who said something that got me thinking hard and long.The colleague — who, sure, has access to President Emmerson Mnangagwa now and then ...Published: 11 Jul 2021 at 10:49hrs | 1 | by Tawanda Majoni
Gold mine hits 300kg mark in one month
MINING giant, Freda Rebecca Gold Mine has set a new record after it produced 300 kilogrammes of gold in May this year, a figure which was last recorded 20 years ago.Freda Rebecca Gold Mine is ...Published: 17 Jun 2021 at 06:13hrs | 1 | by Staff reporter
Zimbabwe mineral exports surpass target
Zimbabwe's mineral exports, excluding gold and silver, for the year 2020 surged by 27 percent, earning the country US$2,4 billion, the Minerals and Marketing Authority of Zimbabwe (MMCZ) has said. ...Published: 18 Jan 2021 at 05:50hrs | | 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
Zimbabwe new dumping ground for second hand Chinese chrome smelters
Zimbabwe has become a target for Chinese companies that are looking at dumping second-hand chrome smelters following the promulgation of an environmental law prohibiting use of heavy environmentally u...Published: 14 Feb 2019 at 08:10hrs | | by Business Times
The death of Zimbabwean economic giants
The market landscape of any country is shaped by a few companies that underpin socio-economic activities of that particular nation. These companies are mirrored on the competitive advantages that the ...Published: 01 Feb 2019 at 14:16hrs | 1 | by Victor Bhoroma
Zunaid Moti pursues SADC ventures
South African businessman Zunaid Moti says he looks forward to spearheading his business ventures in Zimbabwe, Botswana and the DRC after a five-month legal ordeal in Germany. This comes as th...Published: 31 Jan 2019 at 10:21hrs | | by Staff reporter
'Queen Bee' buys chrome miner
A group of investors led by Sakunda Holdings founder and chief executive Kuda Tagwirei has reportedly acquired a majority stake in Zimbabwe Alloys (ZimAlloys) for $30 million, sources say. Alt...Published: 24 Jan 2019 at 08:11hrs | 1 | by Staff reporter
3 000 get jobs in Midlands
AT least 3 000 people in the Midlands province have been engaged in different jobs by companies since the ushering in of the new political dispensation led by President Mnangagwa last November....Published: 23 Mar 2018 at 06:03hrs | | by Staff reporter
Most Zimbabweans buy from flea markets
More than 64% of Zimbabweans are relying heavily on flea markets for clothing as the country's clothing and textiles industry is yet to recover from years of under investment and distortions to the co...Published: 04 Mar 2018 at 18:14hrs | | by Staff reporter
Zimalloys to recruit over 500 people
MIDLANDS-BASED ferrochrome producer, ZimAlloys is set to recruit over 500 workers within the first 18 months of operating under a new investor.ZimAlloys, which was placed under judicial manage...Published: 02 Feb 2018 at 05:49hrs | | by Staff reporter
ZimAlloys re-engage 300 former employees
Zimbabwe Alloys has re-engaged more than 300 of its former employees after sealing a $100 million deal with an Indian investor Balasole Alloys.The deal will see ZimAlloys which was placed unde...Published: 30 Dec 2017 at 11:46hrs | | by Staff Reporter
Mnangagwa in dodgy project
VICE-President Emmerson Mnangagwa is entangled in a multi-million dollar chrome deal involving dodgy South African investors illegally granted permission to import fuel duty-free under the guise they ...Published: 04 Aug 2017 at 12:58hrs | 1 | by Staff reporter
Battle lines drawn over Zimbabwe chrome claims
ON Saturday July 1, 2017 the Zimbabwe Mining and Smelting Company (Zimasco), the country's biggest ferrochrome producer, will officially surrender 22 700 hectares of chrome-rich claims to Government, ...Published: 25 Jun 2017 at 12:04hrs | | by Staff reporter
Zimbabwe to issue deadlines for idle chrome ground
THE Government says it will prescribe deadlines for chrome mining companies to release unutilised reserves this year with a target to reclaim 40 000 hectares of chrome-rich idle ground.Min...Published: 23 Jan 2017 at 05:49hrs | | by Staff reporter
Unki gets green light to construct platinum refinery
THE Environmental Management Agency has approved the Environmental Impact Assessment for world top platinum producer, Anglo-American Platinum to construct its platinum smelting plant at its Zimbab...Published: 26 Jun 2016 at 18:00hrs | 9 | by Munyaradzi Musiiwa
Zimbabwean expropriations begin
ON May 30, Kuda Mahobele, acting MD of Zimbabwean chrome producer ZimAlloys, took receipt of an unusual parcel. The contents of the parcel, a letter from the government, were not what he expected....Published: 23 Jun 2016 at 07:04hrs | 1 | by Chris Muronzi
ACF to partner NRZ in upgrading Kwekwe-Beitbridge railwayline
AFRICA Chrome Fields (ACF) will this week sign a Memorandum of Understanding (MoU) with National Railways of Zimbabwe (NRZ) to revitalise the railway line from Kwekwe to Beitbridge to enable smooth an...Published: 15 May 2016 at 14:26hrs | | by Munyaradzi Musiiwa
NRZ to upgrade Kwekwe-Beitbridge railwayline
AFRICA Chrome Fields (ACF) will this week sign a Memorandum of Understanding (MoU) with National Railways of Zimbabwe (NRZ) to revitalise the railway line from Kwekwe to Beitbridge to enable smooth an...Published: 15 May 2016 at 07:49hrs | | by Munyaradzi Musiiwa
Trading ban on chrome ore lifted - Zimasco
ZIMBABWE Mining and Smelting Company (Zimasco) has lifted the trading ban on chrome ore producers who are mining under its tributes.The development will now see the chrome ore small-scale mine...Published: 29 Dec 2015 at 08:30hrs | | by Dosman Mangisi
Power outages suffocate already struggling remaining few industries' business
The goings are getting tough and tougher for Industries in Bulawayo and other parts of the country due to the advent of the current escalated electricity load shedding forcing the already struggling r...Published: 23 Oct 2015 at 07:30hrs | | by Stephen Jakes
Govt engages ZimAlloys, Zimasco over claims
The Zimbabwe Miners Federation (ZMF) says Government is negotiating with ZimAlloys and Zimasco for the release of chrome claims along the Great Dyke in a move that is aimed at empowering tributar...Published: 20 Aug 2015 at 11:50hrs | | by Staff reporter
Zim Alloys seeks to unlock $225m
Zimbabwe Alloys stands to unlock about $225 million from the export of three million tonnes of chrome ore over five years if Government grants the company's application for an export license. ...Published: 12 Aug 2015 at 07:25hrs | | 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 | 1 | by Staff Reporter
Gen Solomon Mujuru murder suspect writes to Grace Mugabe
Open letter to the First LadyDr. Amai G.N. MugabeAmai your induction into mainstream politics has been a grand and amazing one that got the whole world watching Amazing Grace. You too...Published: 02 Dec 2014 at 17:56hrs | | by Fidelis Fengu
'State media steps up campaign to destroy Mujuru'
THE state-owned Herald newspaper accused Vice-President Joice Mujuru of extortion and abuse of office on Thursday in what observers say is a stepped-up campaign to discredit her in a battle to succeed...Published: 30 Oct 2014 at 16:46hrs | | by Reuters
ArcelorMittal to buy ZimAlloys?
ArcelorMittal, the world's biggest steelmaker, is considering an offer for Zimbabwe Alloys Chrome Ltd, an insolvent ferrochrome producer seeking investors, according to a person with knowledge of the ...Published: 16 May 2014 at 15:43hrs | | by Bloomberg
Zanu-PF to set up a $2 million gold milling centre
ZANU-PF will set up a gold milling centre in Kwekwe rural and work on enhancing agricultural production in Midlands as part of a broader scheme captured in the Zimbabwe Agenda for Sustainable Socio-Ec...Published: 07 Nov 2013 at 02:40hrs | | by Staff reporter
South Africa ready to help Zimbabwe get out of election mode
SOUTH Africa is prepared to help Zimbabwe get out of election mode and start moving forward economically through enhancing trade and investment partnerships between industries of the two countries, So...Published: 19 Oct 2013 at 20:50hrs | | by Staff Reporter
Residents beat up knife wielding bank robber
A knife-wielding thief in Gweru staged a solo bank robbery when he walked into the local branch of Agribank on Tuesday afternoon and snatched $2 000 from a teller.The suspect, Nelson Mavengah...Published: 16 Oct 2013 at 17:57hrs | | by Mafu Sithabile
Welshman Ncube failed to resuscitate industries, says Zvidzai
MDC-T national secretary for local governance, Mr Sesil Zvidzai has accused MDC leader, Professor Welshman Ncube of failing to revitalise the country's industrial sector.Addressing journalist...Published: 25 Jul 2013 at 14:55hrs | | by Staff reporter
Mugabe's speech at the 12th Zanu-PF Annual People's Conference in full
On behalf of our Party, the Zimbabwe African National Union - Patriotic Front, I warmly greet and welcome you all to our 12th Annual National People's Conference which is being hosted by the Bulawayo ...Published: 09 Dec 2011 at 18:55hrs | | by Staff reporter
Conspiracy of silence on company grabs must end
It is very distressing to note the conspiracy of silence by the international community on Zimbabwe’s company grabs supposedly for black economic empowerment. There is no dif...Published: 25 Aug 2011 at 10:10hrs | | by Clifford Chitupa Mashiri
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