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NEWS
Smuggling costs Zim gold stash
Zimbabwe may have lost between 30 tonnes and 34 tonnes of gold to smuggling in neighbouring South Africa due to unfriendly mining policies that...
Government sets aside $8.4m for Hwange Thermal Power Station rehabilitation
GOVERNMENT has set aside $8,4 billion for the rehabilitation and expansion of Hwange Thermal Power Station while it will support the use of alternative...
Zimbabwe to enforce “use it or lose it” policy for mining assets
Zimbabwe will vigorously enforce a policy to force companies to develop their mining assets and not keep the land for speculative purposes, mines minister...
Illegal deals in the mining sector undermining performance
The level of financial losses that Africa continues to experience due to illegal activities and dealings in the mining sector is undermining sustainable development...
RioZim Seeks US$25m For New Plant
Listed diversified miner RioZim is planning to invest US$25m on a biological oxidation plant at Cam and Motor Mine which will open by September...
Fidelity gold monopoly to stay: Mangudya
RESERVE Bank of Zimbabwe governor John Mangudya has said Fidelity Printers and Refiners’ monopoly in the buying and marketing of the country’s single biggest...
The sad effects of Zimbabwe’s Shutdown mines
Closure of mines like Mhangura, Gaths Mine, Shabanie Mine, Kamativi Tin mine, just to mention a few, which were once sources of livelihood and...
55/45% the elephant in the room
Despite beating a 19-year record in gold deliveries, reports have it that, over 30 tonnes of the gold was smuggled out of the country...
Budget proposes measures to curb leakages
Presenting the National Budget Statement to the Parliament of Zimbabwe yesterday, the Minister of Finance and Economic Development, Prof Mthuli Ncube said that mineral...
Government to improve foreign currency retention threshold
The 2020 budget has projected that the Mining sector will improve by 4.2 per cent next year on account of the expected improvement in...
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