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Dokwe Project Upgraded to US$1 Billion as Zimbabwe Gold Output Targets 50 Tonnes

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A new billion-dollar gold mine is taking shape in Matabeleland North, adding momentum to Zimbabwe’s ambitious drive to lift annual bullion production to 50 tonnes this year, Mining Zimbabwe can report.

By Rudairo Mapuranga

UK-listed Ariana Resources has upgraded its Dokwe Gold Project, located near Tsholotsho, to a valuation of more than US$1 billion following a 42% increase in proven and probable reserves to 1.13 million ounces. A revised pre-feasibility study places the project’s pre-tax net present value at US$1.06 billion, based on a gold price of US$4,250 per ounce, with initial development costs estimated at US$164 million.

Production Profile and Timeline

Dokwe is designed as a 20-year mining operation, beginning with a 12-year open-pit phase followed by eight years of processing stockpiled ore. At peak output, the mine is expected to produce 100,000 ounces per year, equivalent to roughly three tonnes, or 6% of Zimbabwe’s national production target for 2025.

Annual average output is projected at approximately 80,000 ounces, placing Dokwe in direct competition with Caledonia Mining Corporation’s Blanket Mine, which produced around 75,000 ounces in 2024. The project would rank among Zimbabwe’s largest producers, though it will trail Freda Rebecca, the country’s current largest gold mine, and the Bilboes project, which is expected to exceed 160,000 ounces per year at full scale.

Financial Returns and Strategic Context

Ariana estimates the mine could generate nearly US$2 billion in earnings before interest, taxes, depreciation, and amortisation (EBITDA) over its life. Payback is projected within roughly one year of processing start-up, with an internal rate of return of 92%.

The project’s upgraded status comes as gold takes on heightened strategic importance for Zimbabwe following the launch of the gold-backed ZiG currency. Gold generated a record US$4.61 billion in export earnings for the country in 2025, making it the top foreign currency earner.

Location and Development

The Dokwe project sits approximately 110 kilometres west-northwest of Bulawayo, encompassing the Dokwe North and Dokwe Central deposits, first discovered in 2002. Ariana’s development plans are advancing alongside other major projects in Zimbabwe, including Caledonia’s Bilboes project and Namib Minerals’ Mazowe and Redwing operations.

With Dokwe moving toward construction, Tsholotsho District is set to become a significant new node in Zimbabwe’s gold production landscape, adding to the country’s broader push to attract mining investment and expand exports.

African Federation of Miners Calls on South Africa to End Attacks on Foreign Workers and Demands AU Intervention

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The African Federation of Miners and Mineral Wealth has demanded that South Africa immediately end all attacks on African workers and called on the African Union to intervene, warning that silence threatens continental unity, Mining Zimbabwe can report.

By Ryan Chigoche

The official statement, issued from the Federation’s Cairo headquarters and signed by General Secretary Mohamed Ahmed Ibrahim, declares that African workers are “not enemies of the South African people” but an essential part of the continent’s workforce.

The appeal follows a wave of unlawful xenophobic attacks across South Africa. African foreign nationals, mainly from Zimbabwe, Nigeria, and Ghana, have been increasingly targeted.

Rights groups and local witnesses say authorities have done very little to stop the violence, with few arrests and little protection for migrant workers in mining towns and informal settlements.

The Federation reminded all parties that African nations stood side by side with South Africans during the anti-apartheid struggle, providing political, trade union, and popular support until freedom prevailed.

“It is therefore unacceptable today for African citizens to face humiliation, persecution, and violence on African soil,” the statement reads.

The AFMMW issued five specific demands to the South African government. First, it must take immediate and decisive measures to end all attacks against African workers, especially miners. Second, it must investigate, prosecute, and hold accountable all individuals and groups involved in violence and incitement. Third, it must guarantee the protection, dignity, legal rights, and safety of all African nationals residing and working in South Africa. Fourth, it must launch comprehensive national campaigns against xenophobia. Fifth, it must protect African workers in the mining, industrial, and informal sectors from discrimination, targeting, and violence.

The Federation also called on the African Union to adopt a clear, principled position on the violations. It urged the AU to convene emergency African consultations to address the escalating attacks and defend the principles of African unity, freedom of movement, and the dignity of African workers.

Warning of the consequences of inaction, the Federation said that failing to speak out against these crimes threatens the future of African unity and solidarity. “The unity of African peoples is a red line,” the declaration reads. “African workers will never be divided.”

The statement concludes with rallying slogans: “Long live African unity. Long live African workers’ solidarity. No to xenophobia. No to violence against Africans.”

The Ghanaian government evacuated hundreds of citizens from South Africa in response to a wave of anti-African migrant protests and increasing xenophobic tensions. Demonstrators targeted both legal and undocumented immigrants, accusing foreign nationals of driving up unemployment, committing crimes, and straining public resources.

Currently, leaders of March and March, the anti-Black African immigration movement, have set the 30th of June 2026 as a final date for all African illegal immigrants to leave South Africa.

Gold buying prices in Zimbabwe per gram/ ounce, 3 June 2026

Gold buying prices in Zimbabwe per gram/ ounce, 3 June 2026, from the official gold buyer and exporter, Fidelity Gold Refinery (FGR).

1 oz = 31.1035 g

CategoryPrice ($/g)Price ($/oz)
SG 90% and above134.194,173.03
SG 85% but less than 90%132.774,128.87
SG 80% but less than 85%131.354,084.71
SG 75% but less than 80%129.934,040.55
Sample (5–10g)127.803,974.31
Fire Assay CASH134.904,195.11

Note: The Fire Assay cash price applies to gold above 100g, with no sample deduction.

A sample of not more than 10g is deducted for the Fire Assay Transfer price.


#GoldPrices #GoldBuying #GoldMarket #GoldTrading #GoldRate #GoldPriceToday #GoldNews #PreciousMetals #GoldIndustry #GoldEconomy #FidelityGoldRefinery

Mines and Minerals Bill clears major hurdle as committee demands final revisions

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The Mines and Minerals Bill has moved a step closer to becoming law, with the government now required to address six outstanding constitutional issues within two weeks, Mines and Mining Development Minister Dr Polite Kambamura has revealed.

By Rudairo Mapuranga

Speaking on the sidelines of oral evidence before the Parliamentary Portfolio Committee on Mines and Mining Development, Dr Kambamura said the committee had previously issued an adverse report on the bill last year, flagging 21 concerns of a constitutional nature.

“We responded to those issues. We engaged the Attorney General’s Office and came up with responses to the adverse report,” Kambamura said.

Following a meeting with the legal committee, which he described as having gone “very well,” the committee requested that the government revisit six specific items within a 14-day period.

“We started looking at those issues today. Before the two weeks elapse, we will revert to the legal committee on the matters. After they are satisfied with our responses, they will withdraw the adverse report,” he explained.

Once the adverse report is withdrawn, the bill will proceed to Parliament, then to the Senate, before finally going to the President for assent into law.

Parliamentary Portfolio Committee on Mines and Mining Development Chairman Hon Remigius Matangira emphasised the need to expedite the process.

“We concur and say, ‘This is what you have done, you’ve done well, please expedite that bill because we need it’,” Matangira said.

He raised concerns that the existing situation is already affecting miners, noting that the Minister has been operating as if the new bill is already law when it is not.

“They did actually give a time limit and said that in 14 days they would have done it. We look forward to that. We are not doubting Thomases. We have waited long enough, and waiting for 14 days is not a problem,” Matangira added.

The committee was impressed with the progress made so far and stressed that the bill needs to be urgently finalised “for the good of the country”, particularly as new policy measures being developed require legislative support.

RioZim reports successive losses, $29.5m in 2025, as production plunges 80%

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RioZim Ltd, once one of Zimbabwe’s largest gold producers, widened its net loss to US$29.5 million in 2025 from US$25.4 million a year earlier, as output at its two gold mines crashed 80% and the company largely missed a record gold rally, Mining Zimbabwe can report.

By Ryan Chigoche

The deeper loss came after both the Renco and Cam & Motor mines remained idle for most of the year while management searched for funding and new partners. Total gold production fell to just 84 kilograms in 2025, down from 428kg in 2024, the company said in its latest financial report.

That collapse in output meant RioZim failed to capitalise on a 44% surge in average gold prices to US$3,436 per ounce in 2025, from US$2,389/oz the previous year. Rivals cashed in; RioZim watched from the sidelines.

Renco only restarted in September under a contract mining deal with Chinese contractor FeiFan Mining, now RioZim’s main financier. All 84kg produced during the year came from Renco in the final quarter. Cam & Motor produced no gold at all.

The scale of RioZim’s decline is stark when compared to peers. Blanket Mine produced 14,767 ounces of gold – roughly 459kg – in the first quarter of 2026 alone. That means RioZim’s entire 2025 output was less than three weeks of production at Blanket’s current run rate.

Looking ahead, RioZim is betting on a two-pronged operational recovery to reverse its fortunes. At Renco, extensive underground development is planned to open new mining areas and enhance grade flexibility. While rain-induced power disruptions hit operations in the final quarter of 2025, the company said efforts are now underway to strengthen backup power systems and upgrade power infrastructure in collaboration with the national utility – a necessary step to sustain any production ramp-up.

That same recovery push extends to Cam & Motor. Pit dewatering has been completed, and management has shifted priority to refurbishing the processing plant to enable a production restart. Pit development and relocation of properties within blasting zones remain critical to normalised mining operations. The company said progress achieved after year-end positions the mine to commence gold production in the second half of 2026.

The broader environment is finally working in RioZim’s favour. Gold prices have continued to trend positively, reaching approximately US$5,000 in 2026. The board believes that a combination of robust funding arrangements, renewed operational activity at both mines, and favourable gold prices will drive a return to profitability.

Whether this latest turnaround plan succeeds where previous efforts failed will depend on execution and on whether RioZim can finally stop missing the boom.

Gold buying prices in Zimbabwe per gram/ ounce, 2 June 2026

Gold buying prices in Zimbabwe per gram/ ounce, 2 June 2026, from the official gold buyer and exporter Fidelity Gold Refinery (FGR).

1 oz = 31.1035 g

CategoryPrice ($/g)Price ($/oz)
SG 90% and above134.224,174.70
SG 85% but less than 90%132.804,130.53
SG 80% but less than 85%131.384,086.36
SG 75% but less than 80%129.964,042.19
Sample (5–10g)127.833,975.95
Fire Assay CASH134.934,196.78

Note: The Fire Assay cash price applies to gold above 100g, with no sample deduction.

A sample of not more than 10g is deducted for the Fire Assay Transfer price.


#GoldPrices #GoldBuying #GoldMarket #GoldTrading #GoldRate #GoldPriceToday #GoldNews #PreciousMetals #GoldIndustry #GoldEconomy #FidelityGoldRefinery

Zimbabwe Mine Deaths Rise 6% to 64 in Q1 2026, Ground Collapses Account for 54% of Fatalities

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Sixty-four artisanal and small-scale miners died in Zimbabwe during the first quarter of 2026, a 6 percent increase from the same period last year, with ground collapses accounting for more than half of all fatalities, Mining Zimbabwe can report.

By Ryan Chigoche

The quarterly death toll, disclosed by Mines Minister Polite Kambamura at a workshop for ministry inspectors, lays bare a widening gap between mining’s economic importance and persistent safety failures.

Of the 64 lives lost, ground collapses claimed 54 percent, accounting for 35 miners. Improper use of explosives and gassing caused 25 per cent of the deaths, while falls into abandoned and unprotected shafts accounted for 15 per cent. Electrocution and equipment-related incidents made up the remaining 6 per cent.

Kambamura told government inspectors that the sector’s record mineral revenue in 2025, driven by gold, lithium, and other commodities, must not overshadow the loss of life.

“The figures that must command our attention this morning are not the figures of production. They are the figures of loss,” he said.

The Minister dismissed any framing of the deaths as unavoidable misfortune.

“These deaths are, in the overwhelming majority, preventable. They are not acts of God. They are the predictable consequence of unsafe practice, and where there is unsafe practice, there must be a vigilant inspector.”

He outlined a two-pronged safety response: first, a training programme that has already reached over 500 artisanal miners with instruction in basic safety and environmental management.

“Where you find ignorance, teach,” he said.

Second, he ordered inspectors to deploy the full force of the law against criminal operations, including riverbed mining, undermining of public infrastructure, and working without title, using prohibition orders without hesitation.

With artisanal activity accelerating alongside formal investment, pressure on the inspectorate is intensifying. Kambamura closed with a direct challenge: treat the 64 dead not as a statistic, but as evidence of a system requiring urgent repair.

“Behind each of those numbers is a family broken, a community grieving, and a question we are duty-bound to answer: could it have been prevented?”

Unsafe Tailings, Corruption and Illegal Appointments in Spotlight as Minister vows crackdown

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Minister of Mines and Mining Development, Hon. Polite Kambamura (MP), has issued a sharp warning against the appointment of unqualified foreign Mine Managers, the proliferation of dangerous tailings dams, and corruption within the mining inspectorate, Mining Zimbabwe can report.

By Rudairo Mapuranga

Speaking at the Inspectors of Mines Workshop, the Minister revealed growing concern over foreign nationals assuming managerial positions without the requisite FBL (First Blasting Licence) or MBL (Mine Blasting Licence) – let alone proven competency in local mining law and safety practices.

“These days you are just appointing anyone. I have seen some Chinese being appointed as mine managers without proper qualifications,” Dr. Kambamura charged. He insisted that all mine managers, regardless of nationality, must be competent, locally certified, and fully accountable for safety outcomes.

The Minister also took aim at appalling physical standards across some operations. “Some tailings dams are nothing short of a disaster waiting to happen. Some open pits are completely unsecured; that is why our people are perishing. Go and close that nonsense,” he ordered inspectors.

On corruption, the Minister was unflinching: “An inspector who accepts a bribe to overlook a cracked tailings wall or a compromised ventilation system has signed a death warrant. Corruption will be treated as the blood crime that it is.”

To enforce standards, the Government has pledged USD 2 million for a National Safety Enforcement Blitz, alongside new district-level mining development officers, vehicles for inspectors, and a dedicated environment department within the Ministry. “We will give you the resources, but you must bite,” he said.

BREAKING: Kambamura Gives Mine Inspectors Full Power to Shut Unsafe Mines

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  • Kambamura Declares Zero Tolerance on Unsafe Mines

Minister of Mines Hon. Dr Polite Kambamura has given inspectors an unprecedented assurance: any suspension or closure order issued by a Government Mining Engineer will not be reversed by political or corporate interference, Mining Zimbabwe can report.

By Rudairo Mapuranga

“If an inspector closes a mine, it should be so. No one should overturn that order until the inspector is satisfied,” the Minister declared at the national Inspectors of Mines Workshop. He added that this backing comes directly from the highest office: “If I support you, it means the President supports you as well.”

The pledge aims to end the long-standing frustration where unsafe mines remain operational after making a few phone calls. Dr. Kambamura reminded inspectors that they are “the eyes of the Government,” and that blurred vision, due to intimidation or bribery, costs lives.

“You now have teeth to bite,” he said. “Mine managers must be accountable. When you find chaos – riverbed mining, undermining infrastructure, operating without title – exercise the full statutory authority of the Mines and Minerals Act [Chapter 21:05].”

In a related move, the Ministry is establishing confidential whistleblowing channels to protect honest inspectors who face political attacks or corporate retaliation. “We will protect you,” the Minister promised. “But you must act.”

One-on-One with Sandvik Auto Electrician Progress Marikano

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Rebuilding heavy mining equipment requires precision, technical skill, and deep mechanical understanding. Since joining Sandvik as an apprentice in 2012 and qualifying as a Class 1 Millwright in 2016, this specialised auto-electrician has built a career restoring complex machines such as load haul dumpers (LHDs), dump trucks, and drill rigs at the company’s Harare workshop.

In this interview, Progress Marikano shares insights into the process of rebuilding mining machinery and reflects on her journey in the trades while balancing a demanding technical career with family life as a wife and mother.

Progress, your journey from a 2012 apprentice to a specialised auto-electrician is impressive. What made you choose a trade like this, and what was the most important lesson you learned during those four years of training that still guides your work today?

I have always been fascinated by how complex systems work together to form a unit. Before my apprenticeship, I was a medical student, but when I could not finish the course, I saw being a millwright as very similar to medicine. Both investigate symptoms, run tests, rule out possibilities, and identify root causes. They both rely on observation, logic, and experience. You take something broken and make it whole again. They are different trades, yet almost identical.

A millwright is a jack of all trades. During training, you gain skills in automotive engineering, electrical, mechanical fitting, welding, hydraulics, and fitting and turning. The most important lesson I learnt is to look at a machine as a whole. The electrical does not work separately, and the hydraulic does not work separately. They work together towards a common cause; it is electro-hydraulic.

You are a qualified Class 1 Millwright and a specialised auto-electrician. That combination is powerful but rare. How did you decide to layer the electrical specialisation on top of your mechanical foundation, and where do you see the biggest overlap or conflict between the two in your daily work?

It was actually by default. Back then, Sandvik only trained millwrights, and after qualifying, the ladies would automatically work as auto-electricians, whilst the men became diesel plant fitters.

The biggest overlap is in the fact that our machines are not purely electrical or hydraulic. They are electro-hydraulically controlled. The mechanical and electrical systems are completely intertwined.

I would say the biggest conflict is that the mechanical side is mostly about power and heavy lifting, and it is mostly dirty, whereas the electrical side is mostly about precision, cleanliness, and is delicate. The challenge becomes managing the two so that they can co-exist in a machine regardless of their differences.

You describe your work as a “transformation process”, taking an ageing, stripped machine and bringing it back to life. Can you walk me through the most critical moment in that process? Is it the first start-up, or is there another step earlier on where your expertise truly determines whether the rebuild will be a success or failure?

The most critical moment is the routing of cables and the wiring of electrical components. If a cable is laid down too close to a heat source or wired incorrectly, that machine is a walking failure. It might fail to start, or if it does, it will fail within a short period of time in the mines.

When you strip a machine down to the bare frame and begin rebuilding, you’re essentially working with a blank canvas, but the machine’s history is still there. How do you identify and address the hidden issues, the lingering electrical or hydraulic problems that plagued the machine before it was stripped— that aren’t visible on a parts list or a schematic?

The condition of the frame itself, hydraulic hoses, electrical cables, and panels does tell a story even after having been stripped off a machine. Burnt or partly burnt cables reflect overheating due to nearby heat sources or high currents being drawn. Corroded or sulphated cable terminations in electrical panels show that water was able to enter the panels, either due to worn-out seals or panel covers left incompletely closed.

Worn-out cables or hoses with rub marks may indicate that they were not properly secured. All these cannot be identified by checking parts manuals or schematic diagrams, but by visual inspections. They can be rectified during the rebuild process and through notifying those at the mines what to be on the lookout for.

Your role requires you to troubleshoot complex issues where electrical, hydraulic, and mechanical systems intersect. Describe a recent, particularly stubborn fault you encountered. Where did the problem manifest, and how did you trace it back to its root cause?

A drill rig’s power pack that was working perfectly suddenly began tripping when attempting to start it up. There were one or two hydraulic valves whose pressure settings had been recently adjusted. Initially, we thought that was the cause and reduced the pressures. We were able to start the motor and attempted to return the valve settings to where they were initially, but during the process, the power pack would just cut off by itself.

We tested the control circuit, and it was working perfectly. After several tests and troubleshooting, we later identified an intermittent contact failure. The power circuit would only complete about half the time the contactor was pulled in.

After a rebuild, you conduct exhaustive functional testing to ensure a machine is “site ready.” What is the one test you personally never skip or delegate, and what is the worst thing that can happen if a machine goes to the site before that test is done perfectly?

The one test I usually do personally is the dead short check done before the initial start-up of the machine. A direct short results in high currents being drawn that can melt cables, cause battery terminal welding, battery explosions, or fires.

Beyond rebuilding, you’re also responsible for the workshop’s electrical maintenance and safety. How does your perspective as someone who rebuilds machines change how you approach maintaining the facility that supports that work?

The workshop should be treated as the ultimate machine. A clean, electrically stable, and organised facility is the foundation of a world-class rebuild. If the workshop is running perfectly, the machine leaving it will too.

You work with machines that are constantly evolving with new technology. How do you stay ahead of the curve, and what is the biggest challenge you face in troubleshooting a brand-new system versus one from ten years ago?

In a company like Sandvik, technology moves very fast, and I treat a new machine’s manual as a textbook. Sandvik offers internal technical training and digital diagnostic platforms, which keep us ahead. Older machine troubleshooting was straightforward, physical, and predictable.

However, new systems are not so straightforward because they are software-driven through the use of PLCs, electrical modules, and CAN bus systems. Ten years ago, machines were fixed with our hands, and today we fix them with our minds.

You are a wife and a mother working in a highly technical, demanding trade. What has that journey been like, and what advice would you give to a young woman today who is considering a career in the trades but might be unsure if she fits the mould?

My journey has been one of constant evolution. Beginning as a young woman, often the only female in the room, I had to deal with the absence of female facilities like change houses and PPE not designed for women. The industry was not properly equipped to accommodate females back then, but it has gradually evolved, and more women are entering the industry and are now better catered for.

I have realised that working in a demanding trade and building a family is a double shift—from a busy, demanding day to being a present and loving wife and mother. However, in all this, my kids grow to see a mother who does not just have a job but who builds and breathes life into giant machines.

I would say to the young woman considering a career in the trades that machines don’t care about your gender. Focus on becoming so technically sound that your work speaks louder than any stereotype. If you have the curiosity to understand how things work and the perseverance to see a project through, then the industry needs you.