The election season has reached fever pitch. Unsurprisingly, it’s a typical period where politicians raise the bar with pledges to deliver the good life. This is the time when they make all manner of unrealistic promises, which in the past have later turned out to be empty rhetoric. But beyond the campaign trail jargon, what
Zimbabwe mining news, mining projects across a range of Zimbabwean minerals including gold, platinum, diamonds, copper, diamonds, chrome, coal, nickel, asbestors, pegmatite minerals.
Government has finalised effecting amendments to the Mines and Minerals Amendment Bill, which will see small scale miners getting recognition at law, as Government steps up efforts to grow the sector and boost mineral production. This was revealed by Mines and Mining Development Minister, Mr Winston Chitando, when he met small scale miners drawn from
SMALL-SCALE miners have called on the government to parcel out land to artisanal and small-scale miners to increase the gold output, as they produced 2,8 tonnes of gold in the first quarter. This is up from the comparative quarter in 2017 where the small-scale gold miners contributed between 1,6 and 1,9 tonnes of gold. Zimbabwe
Makomo Resources, says it expects to ramp up its production in the third quarter of this year to surpass last quarter’s figures by 50% following acquisition of new machinery. According to Newsday, Makomo managing director Raymond Mutokonyi told NewsDay yesterday that they were anticipating a significant jump in production levels following the recent delivery of
Chrome smelting company Zimbabwe Mining and Smelting Company (Zimasco) has scaled up production in the first half of the year making the company largely in line with its annual target production. Zimasco is targeting extracting 560 000 tonnes of chrome ore and producing 120 000 tonnes of ferrochrome this years compared to 350 000 tonnes
Government is working on a framework that will see all big mining companies in the country returning to full production to enhance their contribution to the fiscus and employment creation, President Mnangagwa has said. The President made the remarks in a stakeholders’ meeting which he held with commercial farmers and small scale miners under the
Mines Minister Winston Chitando has moved to stop the eviction of former Shabanie-Mashava Mine employees from the mine houses, a move that is widely seen as an attempt to curry favour with the ex-employees ahead of the crucial July 30 election. The giant asbestos mine owns Shabanie Mine in Zvishavane and Gaths Mine in Mashava.
Mines and Minerals ministry has granted eight mining companies with exclusive prospecting orders for a period of three years while four companies have been granted special grants for the same period of time. The granting of the licences which provides the right to search for minerals and peg claims was announced through general notices announced
Zimbabwean mining and industrial operations that invested in WearCheck’s oil analysis and condition monitoring programme, have reported that their operations are running at optimum efficiency, which translates into enhanced profitability. Condition monitoring specialists WearCheck first opened in Durban, South Africa more than 40 years ago. Today, they process over 750 000 samples a year, in
The Minerals Marketing Corporation of Zimbabwe (MMCZ), is pushing for location based pricing mechanism for chrome that will see the mineral going for different prices to encourage buyers’ appetite in less accessible areas. Addressing stakeholders in the chrome mining sector at a stakeholders interface on Monday, MMCZ acting general manager Mr Masimba Chandavengerwa, said Zimbabwe
Gold output in Zimbabwe has generated close to a billion dollars in foreign currency receipts in the first six months of this year, the highest level in 10 years, thanks to higher production from small-scale miners, official data shows. Gold is Zimbabwe’s single largest mineral export. Statistics from Fidelity Printers and Refiners, a subsidiary of
Caledonia Mining was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday. The firm currently has a $9.75 price target on the stock. Zacks Investment Research‘s price objective suggests a potential upside of 11.43% from the company’s current price. According to Zacks, “Caledonia Mining
The Environmental Management Agency (EMA) has urged gold miners in the Midlands province to manage the use of mercury, which impacts negatively on health and the environment. Speaking during a tour of small-scale gold milling operations around the province last week, EMA senior environmental publicity officer, Rambwayi Mapako, said miners should be aware of the
THE Minerals Marketing Corporation of Zimbabwe (MMCZ) says it will soon establish a price-regulating team to control chrome prices for the international and domestic markets. Speaking at a chrome small-scale mining sector consultative meeting in Harare yesterday, MMCZ deputy general manager-marketing Masimba Chandavengerwa said local smelters had been taking advantage of the small-scale miners due
The small miners will today meet President ED Mnangagwa this morning at Chinhoyi university of technology (Great hall) The Zimbabwe miners federation Mash west sec general, Timothy Chizuzu yesterday confirmed that the president will them in Great hall at CUT. In an phone interview Mr Chizuzu said the executive had mobilised more miners to attend
Sub-Saharan conglomerate Moti Group is considering selling a $500m stake in the group, that spans chrome-ore mining to aviation. Moti chairman Zunaid Moti said he would be willing to sell as much as 25% of the closely-held company to the right partner, but ruled out any initial public offering. “At some stage we would look
THE Affirmative Action Group (AAG) Bulawayo chapter has approached council’s audit and general purpose committee demanding that town clerk Christopher Dube and mayor Martin Moyo be investigated for corruption. In a letter dated July 9, AAG principal officer Denzel Sita claimed that Dube was unsuitable to continue holding office because of his alleged corrupt conduct.
GOVERNMENT has awarded the tender to dualise the US$2 billion Chirundu-Beitbridge highway to Anhui Foreign Economic Construction Group Limited (Afecc) to pacify the Chinese government and the construction firm which was controversially stopped from mining diamonds in Chiadzwa two years ago. The Zimbabwe Independent can also reveal that Afecc, a vital cog in China’s state-driven
GOVERNMENT is reviewing a report from an investigation undertaken by Anjin Investments, which was partnered by the local military, detailing how the miner was prejudiced in excess of US$2 million through massive asset-stripping and looting, two years after its mining licence was controversially terminated, the Zimbabwe Independent can reveal. Zimbabwe Independent reports, according to the
Caledonia Mining Corporation Plc regrets to announce a fatality at the Blanket Mine in Zimbabwe in a mining-related accident on 12 July 2018. The accident occurred in a development area at the Blanket ore body section of the mine. Management has notified the Minister of Mines and Mining Development and the Inspector of Mines and
Australia-based Prospect Resources has started to produce battery grade lithium carbonate from the pilot plant of its Arcadia project in Zimbabwe. The facility has produced more than 13 kg of pure lithium carbonate this week that meets or exceeds battery grade specifications, the company said. It will soon be made available for examination and sale
Six Sigma Metals (ASX: SI6) has begun a first pass drilling program at the Bonnyvale pegmatite within the Shamva project in Zimbabwe, as part of its due diligence to determine how deep the lithium mineralisation extends before committing to the asset. According to small caps, the company will drill at least three holes for 300m
Caledonia Mining Corporation Plc (“Caledonia” or the “Company”) announces quarterly gold production from the Blanket Mine (“Blanket”) in Zimbabwe for the quarter ended June 30, 2018 (“Q2 2018” or the “Quarter”). All production numbers are expressed on a 100 per cent basis and are based on mine production data and are therefore subject to adjustment
Zimbabwean resources companies have cut deals worth $3 million-plus with DRC corporations after participating at a mining exhibition in the central African country. The firms are working with large mining corporations such as Ivanhoe Mines, Kibali Gold Mine, Gecamines and Tenke Fungurume — whose mine holds one of the world’s largest known copper and cobalt
A MATABELELAND South farmer has sued local quarry miner and Mines minister Winston Chitando for conducting illegal mining operations at his rented Wallingford A Farm in Insiza district. According to Newsday, in an urgent chamber application filed at the High Court last week, Alfred Chinanayi claimed he rented the 946,4524-hectare farm through his company, Ricnob
Junior miner Vast Resources has appointed Mark Mabhudhu, a preeminent figure in the Zimbabwean diamond industry, to the board of its wholly-owned subsidiary, Vast Resources Zimbabwe. The AIM-quoted firm owns a 25% stake in the producing Pickstone-Peerless gold mine as well as a 23.75% economic interest in the Eureka gold mine, both located in Zimbabwe. But
Two men were busted in Borrowdale with approximately 4 million US dollars and about 100kgs of gold. Acting on a tip off, ZRP officers pounced on the due in Borrowdale. Police spokesman Suprintendent Paul Themba Nyathi confirmed the development. He explained that the funds the men where found with where confiscated and taken to the
Government and Chinese investor Beijing Pinchang, who had earlier expressed interest in reviving Kamativi Tin Mine, are engaged in discussions on whether to renegotiate the deal or terminate it. In an interview on Saturday, Mines and Mining Development Minister Winston Chitando said Government was in negotiations with Beijing Pinchang to chart the way forward on
Small-scale miners who account for a larger part of Zimbabwe’s ferrochrome producers should more than double their production if they are to fully utilise the $1 billion stainless steel plant set to be built by a Chinese investor in the country, Mines and Mining Development Minister Winston Chitando said yesterday. Minister Chitando revealed this at
STATE-OWNED diamond mining firm, Zimbabwe Consolidated Diamond Company (ZCDC), has produced more than 1,5 million carats of diamonds to date from the beginning of the year, CEO Morris Mpofu has said. Mpofu told delegates attending the Zimbabwe National Chamber of Commerce business awards ceremony in Victoria Falls last week that the company was ramping up
Hwange Colliery Company Limited (HCCL) expects to boost underground coal production five-fold this month when it restarts operations after a two-year hiatus, a company official said. The resumption will help the loss-making company tap more lucrative deposits of coking coal, used to make steel, as it seeks to report its first profit since 2012. Zimbabwean miners who produced two-million tons of coal last year are
HARARE – Zimbabwe Stock Exchange-listed gold producer, Falcon Gold (Falgold), has narrowed its losses to $1,68 million in the half year to March 31, 2018 compared to $2,4 million in the same period last year. However, the gold miner remains concerned over the current high tax regime that has left many miners struggling to survive.
Chinese firm Anjin Investments (Private) Limited (Anjin) has lost a Constitutional Court application in which it sought the nullification of a 2016 government directive expelling it from the diamond-rich Chiadzwa fields. This comes after Anjin filed the application, seeking the directive to be declared void and an order directing the police to cease any actions
South Africa Platinum miner Lonmin has entered into an agreement to sell its 50% interest in Petrozim Line to the National Oil Infrastructure Company of Zimbabwe for $14.75-million. This is in line with its strategy of selling noncore assets. Petrozim, which is incorporated in Zimbabwe, owns and operates the Feruka to Harare fuel pipeline and
Despite the general consensus that the country did not benefit from the previous mining regime that existed in the Chiadzwa diamond fields before the formation of the Zimbabwe Consolidated Diamond Company (ZCDC), events on the ground suggest that it may not be long before we revert to the old order, which prejudiced the fiscus of
The Initiative for Responsible Mining Assurance (IRMA) has released the global certification programme for industrial-scale mine sites, as part of a multi-sector initiative to certify the social and environmental performance of mines. Known as the Standard for Responsible Mining, the certification programme was developed after holding consultations with relevant stakeholders over ten years and receiving
THE board chairman of Bindura Nickel Corporation (BNC) said the mining company’s going concern status was in doubt as its current liabilities exceed current assets by $4.7m. This is despite a 857% lift in after-tax profit of $5.8m in the year to end-March. Muchadeyi Masunda said on Thursday that the current asset and current liability mismatch “…
BULAWAYO-BASED mining company, Blythdale Mining Services, has approached the High Court seeking an order compelling Kwekwe-based Sheafta Mining to reimburse it for equipment which the latter failed to supply. In its declaration of the claim, Blythdale Mining submitted that on July 11 2017, the parties entered into a purchase and supply agreement of mining equipment
POLICE have accused politicians of abusing the Minerals Act by doling out mining licences to youths as a vote-buying gimmick, thereby fuelling smuggling of precious minerals such as gold. Head of the Minerals and Border Control Unit, Chief Superintendent Didymus Sakarombe, made the remarks during a mining workshop for the media in Harare last week.
Campaign group Global Witness has said the report of Zimbabwe’s parliamentary enquiry into missing diamond revenues detailing some of the hidden interests in the country’s multi-billion dollar diamond industry, notably the security services, has fundamental gaps which suggest that full disclosure is still not the order of the day. In a damning statement yesterday, Global
Zimbabwe will treble gold output to 100 tonnes in 12 years on the back of recapitalisation in the gold sector, the Chamber of Mines has said. Gold output is projected at 30 tonnes this year after the increase in the gold support scheme from $74 million to $150 million injected last year. Chamber of Mines
Seven suspected Zimbabweans arrested at Beitbridge Border Post last week while attempting to smuggle explosives into South Africa, were yesterday denied bail and remanded to July 4 by a Musina magistrate. The accused were identified as Jubane Simelinkosi (36), Mbatha Bhekusiye (38), Ndlovu Benjamin (36), Prosper Mhlongo (49), Moyo Zanele (35), Hlongwani Rulph (32) and
The recent reopening of Eureka Gold Mine in Guruve through pro-business policies spearheaded by President Mnangagwa has brought hope to former Mhangura and Alaska Mine workers. Mhangura Copper Mines and Alaska Mine, which also hosted the Lomagundi Smelting and Mining entity were closed at the turn of the millennium, after the fall in copper prices
WOMEN in mining have expressed concern over Government’s failure to set up supporting structures for their operations saying the gap has left them vulnerable to unfair treatment and victimisation by bigger players. Representation in Parliament and other Government offices would allow women to get adequate assistance, they said. Speaking on the sidelines of a media
President Mnangagwa is on Wednesday expected to preside over the ground-breaking ceremony for the expansion of Hwange Thermal Power Station, which is estimated to cost $1,5 billion. The expansion project will see two more generating units, 7 and 8, being constructed with each generating 300MW of electricity on completion. Chinese firm Sino Hydro, is undertaking
MINES and Mining Development minister Winston Chitando has appointed a new board for Hwange Colliery Company Limited (HCCL), whose task is to turn around the coal miner’s fortunes. The new board members were Allan Mashingaidze, Anna Kunda, Flora Ngwenya, Edward Mazoredze, Roger Williams and Valentine Vera. Chitando said the board would soon appoint its chairperson.
Government has announced its new nominees for Hwange Colliery board as follows: Alan Mashingaidze Anna Kunda Flora Ngwenya Edward Mazorodze Roger Williams Valentine Vera . The necessary procedural steps are now being done to give effect to these appointments. Mines Ministry confirmed they will release a press statement in due course.
The World Trade Centre (WTC) Accra has embarked on its second trade and investment mission to Zimbabwe. The team, led by Togbe Afede XIV, chairman of the WTC, Accra, comprises 15 business leaders from Ghana, Malaysia, China and Hong Kong, with interests in finance, information technology, cyber security, railway, power and mining. A team of
Government is fuelling corruption tendencies in the gold mining sector by failing to give miners the value of their product, Finance and Economic Development deputy minister Terence Mukupe has said. Giving his keynote address at the CEO Africa Roundtable discussion held in Bulawayo last week, Mukupe said corruption in the gold sector was being fuelled
Small scale gold miners say they are keen to partner big miners and benefit from technology transfer as part of their capacity building programme to improve mining systems. The bond between the big miners and small scale miners is set to result in even higher gold output in the country, increased foreign currency inflows and