NEWS
Zim dollar slightly eases against US$
THE Zimbabwe dollar has slightly weakened to 85,63 against the United States dollar at this week’s foreign currency auction platform conducted on Tuesday.Last Tuesday,...
Mines and Minerals Act unpacked
The Mines and Minerals Act (Chapter 21:05) (the Act) is the principal Act regulating the mining industry in Zimbabwe.
There are several regulations and other...
US$1,8 million steel project fails to take off
THE planned US$1,8 million steel manufacturing plant in Bulawayo through a joint venture agreement between Primetone Investment, a local company and an Asian group...
PPC Zimbabwe declares US$4,4mln dividend
PRETORIA Portland Cement (PPC) Zimbabwe has declared a US$4,4 million gross cash dividend for the financial year ended 31 March 2021.In its integrated report...
Hyperinflation chomps down PPC profits
CEMENT manufacturer PPC Africa suffered a major dent to its profitability as a result of the 75% depreciation of the Zimbabwean dollar against the...
Diamond Firm ZCDC Under Parliament Scrutiny
THE Parliamentary Portfolio Committee Mines and Mining Development queried the existence of the Zimbabwe Consolidated Diamond Company (ZCDC) as a state-controlled entity during a...
Padenga pours US$50m into gold mine
VICTORIA Falls Stock Exchange (VFEX) listed company, Padenga Holdings Limited, has invested US$50 million in Eureka Gold Mine with the Guruve-based mining project set...
RBZ incentives spur gold deliveries
THE country’s gold output last month increased by 75 percent to 2,924 tonnes from 1,668 tonnes in May on the back of incentives availed...
illegal mining endangers villagers
Illegal gold miners in Umguza District are putting the lives of villagers and livestock in danger by using prohibited lethal chemicals such as mercury...
Powercuts a key challenge to mining – Caledonia
London Stock Exchange (LON) listed gold-focused mining company, Caledonia Mining Corporation through its Chief Financial Officer Mr John Mark Learmonth said electricity problems are...



