A single body has been retrieved underground at Task Mining Syndicate in Chegutu. The body belongs to one of five missing miners who have been trapped underground after a shaft collapsed on the 8th of September 2020.
This is a developing story…
Fidelity official gold buying prices Friday 30 October 2020
Fidelity Printers and Refiners (FPR) official gold buying prices Friday 30 October 2020
- SG 90% AND ABOVE $53.81/g
- SG ABOVE 85% BUT BELOW 90% $52.91/g
- SG ABOVE 80% BUT BELOW 85% $51.71/g
- SG ABOVE 75% BUT BELOW 80% $51.11/g
- SAMPLE BELOW 10g BUT ABOVE 5g $52.31/g
- FIRE ASSAY CASH $54.11/g
Cash available. Fidelity Printers and Refiners prices will be changing daily in relation to world market prices.
Contact FPR
No. 1 George Drive, Msasa, Harare, Email: [email protected], Telephone: +263 242-486670, +263 242-486694, +263 242-487131, +263 242-447810-5
BREAKING: Rescuers finally reach trapped miners at Task Mine
Rescuers have reached bodies of the five trapped miners at Task Mine in Chegutu.
The miners have been trapped underground since the 8th of September 2020 after a shaft collapse trapped the five underground.
Confirming the development Task Mine Syndicate (Pvt) Ltd chairman Mr Masviba said, “We are glad that team efforts have finally paid off. Although we are sad to have lost collegues, we are happy families will find closure”
This is a developing story. More to follow…
More to follow…
ZMF suspends Rushwaya
The Zimbabwe Miners Federation has suspended with immediate effect its President Ms. Henrietta Rushwaya.
The association’s decision-making body which consists of members of the national executive, the council and regional representatives suspended Rushwaya for putting the name of the association into disrepute. Rushwaya was recently arrested at Robert Mugabe International airport when she was found in possession of 6kg of gold destined for Dubai allegedly without proper documentation.
Announcing the decision the ZMF national chairperson Mr. Makumba Njenje said Rushwaya’s deputy, Mr. Marufu Sithole would be acting President effective immediately.
Rushwaya is expected in court tomorrow and rumours of some members of the executive jostling to take over from her have started surfacing.
More to follow…
Fidelity gold buying prices Thursday 29 September 2020
Fidelity Printers and Refiners (FPR) official gold buying prices Thursday 29 September 2020
- SG 90% AND ABOVE $53,80/g
- SG ABOVE 85% BUT BELOW 90% $52,90/g
- SG ABOVE 80% BUT BELOW 85% $ 51,70 /g
- SG ABOVE 75% BUT BELOW 80% $51,10/g
- SAMPLE BELOW 10g BUT ABOVE 5g $ 52,30/g
- EXCHANGE RATE $81,3531
Cash available. Fidelity Printers and Refiners prices will be changing daily in relation to world market prices.
Contact FPR
No. 1 George Drive, Msasa, Harare, Email: [email protected], Telephone: +263 242-486670, +263 242-486694, +263 242-487131, +263 242-447810-5
State of the Mining Industry Report Prospects for 2021 Full document
State of the Mining Industry Report Prospects for 2021 document.
Mineral production increases
The Zimbabwe Mining industry has managed to remain in business with sustainable, profitable and balanced production results regardless of the challenges faced in the mining sector, reported the Mining Industry Survey Report Prospects for 2021.
Shantel Chisango
Speaking at the Mining Industry Survey Report, Chamber of Mines (COM) President said the mining sector has not been deteriorating in production since the advent of the COVID 19 pandemic.
“Covid 19 has been a socio-economic disaster and has also affected even the mining industry but we are happy that there has been a balanced production of minerals despite the pandemic.”
The Mining Industry Survey Report confirmed that the number of employees in the mining sector this coming year is likely to be maintained.
Adding on to the report, the survey has shown that miners are pessimistic about 2021 production for there lacks competition in the industry as well as adequate capital from financial investors.
Miners have pleaded with financial sector providers to respond accordingly in terms of capital provision.
Meanwhile, Mines and Mining Development Minister, Winston Chitando has encouraged miners to take
advantage of the high prices of minerals that are available.
Chitando added that despite the negative effects brought by covid19 there is a framework policy being put into place to ensure increased production of particular minerals.
“The pandemic has negatively affected the economy without the mining industry being spared but there are measures being taken to make sure that production in minerals is boosted!”
Regardless of the positive outcome in the mining industry, it is unfortunate that miners are still facing challenges in business.
The Mining report has shown that country risks such as Covid19, lack of investment and the scarcity of capital are likely to cause a decline in production.
Furthermore, Chitando has encouraged all investors and banks to support miners with financial provision to help in the production of minerals.
“Our industry must thrive for the benefit of all stakeholders,” added Chitando.
See the full presentation below…
Mining Industry Prospects for 2021 Presentation
Reserve Bank of Zimbabwe (RBZ) Governor Doctor John Mangudya has applauded the mining sector for their input in the stabilization of the country’s economy through the foreign currency generated from exports despite the covid 19 challenges.
By Shantel Chisango
Speaking at the Launch of the 2020 State of the Mining Industry Report, Dr. Mangudya said the sector has managed to add a 14% increase in imports compared to the same period last year.
“January to September exports grew by 14% despite the covid 19 challenges to $2.4 billion from $2.1 billion reported last year around the same time”.
“Despite covid 19 challenges production is expected to rise to its peak for the Finance Minister has promised to assist all miners with what they need to increase growth in production,” said Mangudya.
The Governor added that the mining industry is the main driver behind the increase in exports and he will do
all in his power to make sure that production continues to increase.
During the Chamber of Mines (COM) Mining Industry survey report, Mangudya said the government will
implement measures to resuscitate the growth of exports from mining.
A Mining survey report also confirmed that 90% of miners are expecting a robust increase in production while 10% are adamant that production is likely to remain the same because of lack of capital.
Adding on the success of the mining industry the COM President Elizabeth Nerwande said that despite facing challenges as a nation the mining sector did not retrench any workers.
“We are pleased to announce that as of this year there has not been any shedding of jobs in the mining industry and there has been maximum output regardless of the outbreak of Covid 19,” Nerwande said.
The event was held at Cresta Lodge today with many mining gurus in attendance. The panel consisted of Mrs. Elizabeth Nerwande, Deputy Mines Minister Hon Polite Kambamura, Governor Mangudya and Mines Minister Winston Chitando.
Notable heavyweights in the audience included Mines Parliamentary Portfolio Committee Chairperson Hon Edmond Mkaratigwa and Bindura Nickel Corp boss Mr. Batirai Manhando and many others we could not positively identify due to the mandatory wearing of Masks.
See the presentation below:-
BREAKING: Rushwaya remanded in custody
The Zimbabwe Miners Federation President Ms. Henrietta Rushwaya has been remanded in custody.
Rushwaya was arrested yesterday at Robert Mugabe International Airport for not properly clearing 6kgs of gold in her possession with Customs and relevant offices for export.
More to follow…