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Bridging the Skills Gap in the Mining Industry

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Mining
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CHAUKE

The mining industry across Africa is evolving rapidly, driven by the growing demand for smart mining solutions and technological advancements. However, a significant challenge remains: the shortage of adequately skilled human capital to manage and implement these technological systems, Mining Zimbabwe reports.

By Rudairo Mapuranga

Speaking at the recent Association of Mine Managers of Zimbabwe (AMMZ) Annual General Meeting, industry leaders emphasized the need for a long-term strategy to develop human resources capable of advancing mining operations in the future. Ian Chauke, from Anglo-American’s Amandelbult Complex in South Africa, highlighted the urgency of investing in human capital to support technological growth in the sector.

Chauke identified the primary barrier to smart mining as not just the availability of technology but the lack of skilled personnel to operate and maintain it. He pointed out that across Africa, including Zimbabwe, the shortage of mining engineers with expertise in implementing advanced technologies remains a pressing issue.

“Even though this is a barrier to achieving the smart mining and technology we aspire to, it also presents an opportunity,” Chauke said.

Brain Drain and the Skills Gap

The issue is exacerbated by financial hardships and limited local opportunities, which push many students from Zimbabwe and similar regions to seek education abroad. Many do not return, perpetuating a cycle of brain drain and leaving a skills gap in local mining industries.

Chauke emphasized the need for a long-term approach to human capital development. He called on mining companies to establish stronger partnerships with universities and educational institutions, enabling students to gain practical training and exposure to industry technologies.

“Mining companies must engage with universities. While there are efforts to support students, there is no formalized structure for these collaborations,” he said.

One example of an effective partnership, highlighted by Dr. Beny Chisonga from DataMine, is their provision of free software access to students at Midlands State University in Zimbabwe. However, Chisonga noted that this is only part of the solution. Mining companies must also invest in hands-on training, such as mine planning, to prepare students for real-world applications.

Zimbabwe’s Unique Opportunity

Chisonga also highlighted Zimbabwe’s unique position, where local stakeholders are heavily involved in decision-making for mines. In many other African countries, key decisions are often made by foreign investors. This local control gives Zimbabwe the flexibility and incentive to invest in its youth and ensure future generations possess the skills required to drive the mining industry forward.

Commenting on Chisonga’s remarks, Chauke urged the mining sector to prioritize long-term human capital development over short-term fixes.

Addressing Educational Gaps

The discussions at the AMMZ AGM also raised concerns about the alignment of scholarships with industry needs.

“We are seeing students being awarded scholarships by mines, but they lack the correct subject combinations for mining studies,” said Mrs. Rejoice Moyo, Chairperson at Midlands State University. This underscores the importance of aligning educational programs with the sector’s requirements.

To address this, participants emphasized the need for partnerships between academic institutions and mining companies to focus on curriculum enhancement and the integration of smart mining concepts into education frameworks. Mining companies were encouraged to actively collaborate with institutions to ensure graduates are equipped with the skills needed for the modern mining environment.

Industry-Academia Partnerships

A key challenge identified by Zimbabwe Institute of Rock Engineering (ZINIRE) Vice President Omberai Mandingaisa is the academic system’s lack of practical application. Lecturers often enter academia directly after completing their studies, with little or no industry experience. This disconnect can hinder the training of future mining professionals.

Wits University’s Head of the School of Mining Engineering, Professor Musingwini, proposed secondment programs as a solution. These would enable academic staff to gain practical experience in the mining industry. To retain these professionals, the industry must also contribute to their remuneration to prevent a brain drain from academia to industry.

Gold buying prices per gram in Zimbabwe 29 November 2024

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Mining
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gold buying Zimbabwe

These are the official gold buying prices per gram in Zimbabwe today 29 November 2024, from the official gold buyer and exporter Fidelity Gold Refinery (FGR).

SG 90% and ABOVE US$80.26/g
SG ABOVE 85% BUT BELOW 90% US$79.41g
SG ABOVE 80% BUT BELOW 85% US$78.56/g
SG ABOVE 75% BUT BELOW 80% US$77.71/g
SAMPLE BELOW 10g BUT ABOVE 5g US$76.44/g

Fire Assay CASH $80.69/g

NB: Fire Assay cash price is for gold above 100gs, no sample is deducted.
For the Fire Assay Transfer price, a sample of not more than 10g is deducted
A 2% royalty is charged on all deposits (Small-scale miners)
A 5% royalty is set for Primary Producers

Cash available. Fidelity Gold Refinery prices will be changing daily to match world market prices.

Ncube Projects 5.6% Growth for Mining Sector on the Back of Improved Commodity Prices

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Mining
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Mthuli Ncube

Zimbabwe‘s 2025 National Budget, presented by Finance and Investment Promotion Minister Mthuli Ncube, projects a 5.6% growth in the mining sector, driven by an anticipated surge in global commodity prices.

By Ryan Chigoche

This marks a sharp recovery from 2024, where subdued platinum group metal (PGM) prices had limited growth to a modest 2.3%. The anticipated rebound in prices for key minerals such as gold, chrome, and diamonds is expected to significantly boost production and enhance sector performance.

Minister Ncube noted that the mining sector has faced challenges in recent years, primarily due to volatile mineral prices. However, with prices for gold, chrome, and diamonds forecast to rise, the sector is poised for a strong recovery in 2025.

The government’s ongoing efforts to stabilize the energy sector, including the construction of new power plants, are also expected to support growth by ensuring a reliable power supply for mining operations.

“The expected rise in global mineral prices, particularly for gold, along with improvements in power supply, will drive the growth of our mining sector,” Ncube said.

This positive outlook extends beyond 2025, with projected growth rates of 5.5% in 2026 and 5% in 2027 as commodity prices remain favorable and energy challenges ease.

Contribution to Economic Recovery

The mining sector is set to play a pivotal role in Zimbabwe’s broader economic recovery. By 2027, it is projected to contribute 13.3% to the national GDP, underscoring its importance in driving long-term development.

To support this growth, the government has prioritized mineral value addition and beneficiation.

Key initiatives announced in the budget include:

  • Mines to Energy Park in Mapinga: This facility will process lithium and graphite.
  • Gold Centers: Establishment of new centers to enhance gold deliveries to the Fidelity Gold Refinery.

These initiatives aim to boost production, create jobs, and retain more value from Zimbabwe’s mineral resources within the country.

Focus on Beneficiation

Zimbabwe has long advocated for its PGM miners to refine platinum locally instead of exporting raw concentrates. The government argues that beneficiation will create jobs, stimulate the local economy, and maximize the value of the country’s platinum reserves.

A Promising Future

With rising mineral prices, strategic investments in energy, and a focus on value addition, Zimbabwe’s mining sector is on track for a promising 2025. These developments lay the groundwork for a strong and sustainable recovery in the years ahead.

Salene Chrome Maintains Care and Maintenance Status

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Mining
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Tharisa PLC

Salene Chrome Zimbabwe (Private) Limited, a subsidiary of Tharisa, remains on care and maintenance as of the financial year ending 30 September 2024. Despite delays in the start-up of operations, Salene Chrome is maintained as a key future project and continues as an ongoing concern.

By Ryan Chigoche

Tharisa has determined that no additional impairment is required beyond the previously assessed value of US$2.3 million for its Salene Chrome Cash Generating Unit (CGU).

In mining, impairment refers to a reduction in the carrying value of an asset or group of assets when their recoverable value falls below their recorded value on the company’s balance sheet. This usually occurs due to prolonged operational delays, significant drops in commodity prices, or changes in market conditions that impact the asset’s ability to generate future cash flows.

For Salene Chrome, regular impairment assessments are conducted, especially when operational environments change, such as delays in start-up or fluctuations in chrome demand.

As of 30 September 2024, the company conducted an impairment review to evaluate whether the carrying value of its Salene Chrome CGU, standing at US$2.3 million, should be adjusted.

The impairment test focused on two primary metrics:

  • Value in Use: The present value of future cash flows expected from the asset, considering projected income, expenses, and the time value of money.
  • Fair Value Less Costs to Sell: The estimated price obtainable from selling the asset in its current condition, minus associated costs such as transaction fees and taxes.

In this case, the fair value of US$2.3 million exceeded the value in use, validating the carrying value and eliminating the need for further impairment adjustments. This suggests that, despite operational challenges, Salene Chrome’s assets retain sufficient value to justify their current valuation.

Salene Chrome holds significant mining rights in Zimbabwe’s Great Dyke region. In May 2018, the company was granted several special mining grants on the eastern side of the Great Dyke, covering 11,900 hectares. It also holds licenses for 12,400 hectares on the western side of the Dyke. These grants are located within Zimbabwe’s Special Economic Zone (SEZ), which offers key investment incentives such as duty-free importation of raw materials, reduced tax rates, and freedom to export and import capital.

These SEZ incentives create a favourable environment for mining operations and attract foreign investment, positioning Salene Chrome strategically within Zimbabwe’s mining sector.

Tharisa has already invested US$2 million in Salene Chrome’s initial exploration and metallurgical test work. An internal discounted cash flow model projects a net present value (NPV) of US$6.9 million for the eastern mine, assuming a seven-year life of open-pit mining. These projections highlight the project’s long-term potential despite delays in starting full-scale operations.

In addition to Salene Chrome, Tharisa owns Karo Resources, a major platinum group metals (PGM) exploration company in Zimbabwe. Together, Salene Chrome and Karo Resources form a key part of Tharisa’s strategy to diversify and expand its mining footprint in Zimbabwe.

While Salene Chrome’s operations remain temporarily halted, Tharisa maintains a positive outlook for the project. Its strategic location within Zimbabwe’s SEZ, coupled with a significant resource base in the Great Dyke region, provides a strong foundation for future operational success.

Furthermore, Tharisa’s dual focus on chrome and platinum through Salene Chrome and Karo Resources positions the company to capitalize on growth opportunities in both sectors in Zimbabwe.

Tharisa continues to monitor developments and will make adjustments as necessary to ensure the long-term viability of its Zimbabwean assets.

Tharisa is a leading integrated chrome producer with operations in South Africa and Zimbabwe. Through Salene Chrome Zimbabwe, the company holds valuable mining rights in Zimbabwe’s mineral-rich Great Dyke region.

ZMF’s ESG Vision Realized Through Murasta Mining’s Community and Educational Investments

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Mining
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Henrietta Rushwaya
ZMF President Ms Henrietta Rushwaya

The Zimbabwe Miners Federation (ZMF) has achieved a significant milestone in its Environmental, Social, and Governance (ESG) strategy through the efforts of Mrasta Mining, which has incorporated ZMF’s tailor-made ESG framework for the artisanal and small-scale mining (ASM) sector. This was revealed by ZMF President Ms Henrietta Rushwaya in an interview with Mining Zimbabwe.

By Rudairo Mapuranga

The ZMF President commended Mrasta Mining’s Managing Director, Johane Sithole, for his company’s impactful contributions to the community, particularly in the education sector.

According to Rushwaya, Mrasta Mining’s recent investments in local schools exemplify the practical implementation of ZMF’s ESG strategy, specifically designed for the ASM sector. She praised the company’s dedication to responsible mining and community development, emphasizing its alignment with the Federation’s vision for sustainable and socially responsible mining in Zimbabwe.

“This is very encouraging, especially when it’s coming from a miner—let alone a former student of the school. As part of our ZMF ESG strategy, he has successfully incorporated the social aspect, which focuses on an organization’s impact on people, including staff, learners, and the community. Well done, Mrasta Mining,” she said.

ZMF has been proactive in crafting an ESG strategy tailored to Zimbabwe’s ASM sector. This strategy, unveiled at the recent ZMF Annual General Meeting (AGM) and Conference in Harare, aligns with international standards and government efforts to promote responsible mining. During the conference, Rushwaya emphasized that ZMF’s ESG strategy prioritizes human rights, safety, environmental preservation, and community impact—all essential for ensuring mining activities contribute to sustainable national development. Murasta Mining’s initiatives in Sanyathi District, Mashonaland West, are a prime example of this vision being realized.

Mrasta Mining, led by Johane Sithole, has made significant strides in aligning its operations with ZMF’s ESG framework. The company recently invested over US$25,000 in Dubungwani Primary School, constructing a state-of-the-art administration block, installing solar power, providing new furniture, and drilling a borehole to supply clean water to the school.

These efforts have received widespread acclaim from the local community. At the handover ceremony, Dubungwani Primary School headmaster Mr. Munashe Mashizha expressed his gratitude for Mrasta Mining’s contributions.

“Today, we are very happy and grateful to have Mrasta Mining here. The new administration block will transform our operations, providing a better working environment for staff and a space to effectively manage the school,” said Mashizha. He also highlighted the solar-powered block’s role in enabling the school to introduce information and communications technology (ICT) tools, enhancing learning for students in this rural area.

Ward 8 Councillor Freedom Matawa echoed these sentiments, noting that Murasta Mining’s contributions align with President Mnangagwa’s vision of national development driven by local initiatives.

“We commend Mrasta for ploughing back into the community, following the President’s vision that the country should be built by its own people,” Matawa remarked.

Local resident Vongai Chipfombo Mavedzengi also praised Murasta’s investment in education, urging other small-scale miners to follow suit.

“We want to thank Murasta Mining and Johane Sithole for building this state-of-the-art administration block. Other nearby schools envy what has been done here. We urge other small-scale miners to improve education in rural areas,” Mavedzengi said.

Mrasta Mining’s efforts in Sanyati District reflect ZMF’s broader ESG strategy, which addresses the unique challenges faced by Zimbabwe’s ASM sector. During the ZMF AGM, Rushwaya noted that the government, led by President Emmerson Mnangagwa, has initiated a Responsible Mining Audit to ensure mining activities are conducted in a way that protects the environment and the communities in which they operate.

Rushwaya stressed that responsible mining is essential to achieving national goals, such as delivering 40 tonnes of gold to Fidelity Gold Refinery (FGR). She emphasized the need for small-scale miners to prioritize environmental safety and sustainability, such as properly collaring shafts and ensuring effective drainage systems.

“To achieve responsible mining, Zimbabwe’s ASM sector needs an ESG strategy tailored to its specific challenges. This includes a focus on decarbonization, water stewardship, and human dignity in mining operations,” said Rushwaya.

ZMF’s ESG strategy also promotes responsible sourcing of minerals, aligning with international frameworks such as the European Union’s RE-SOURCING project, which emphasizes mitigating social and environmental impacts throughout the mining value chain.

Murasta Mining’s Managing Director, Johane Sithole, believes mining companies, particularly in the ASM sector, have a responsibility to give back to their communities.

“Education is the foundation of development. By investing in the education of children today, we are creating a skilled and knowledgeable workforce for tomorrow,” Sithole said.

Sithole’s vision for Mrasta Mining extends beyond resource extraction, aiming to leave a lasting, positive legacy that contributes to the long-term social and economic development of the community.

His efforts align seamlessly with ZMF’s ESG vision, which emphasizes investments in local communities, particularly in education, health, and infrastructure. By following this model, other small-scale miners can also contribute to the well-being of their communities while ensuring sustainable and responsible mining practices.

Ministry of Mines Allocated US$22.16 Million in 2025 Budget

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Mining
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Mthuli Ncube

The Ministry of Mines and Mining Development has been allocated ZiG$664.8 million, equivalent to approximately US$22.16 million, as part of the 2025 budget announced by the Minister of Finance and Investment Promotion, Prof. Mthuli Ncube, Mining Zimbabwe reports.

By Rudairo Mapuranga

However, on the alternative black market, this allocation amounts to a significantly lower figure of around US$14.45 million. This discrepancy underscores the challenges faced by the ministry and other sectors in maximizing budgetary effectiveness amid persistent currency volatility.

During his budget presentation, Finance Minister Prof. Ncube highlighted that the allocation is part of broader efforts to “facilitate mining activities through the implementation of legislative and administrative reforms” aimed at fostering a more conducive environment for mineral exploration, extraction, and beneficiation. Additionally, the funds will be used to enhance mobility and provide tools for audit personnel at the provincial and district levels, improving oversight and driving the sector’s development.

Despite these measures, the Ministry of Mines and Mining Development’s allocation is modest compared to other key ministries in the 2025 budget. For instance, the Ministry of Health and Child Care received a substantial ZiG$28.3 billion (US$943.33 million at the official rate), reflecting the government’s prioritization of public health. Similarly, the Ministry of Home Affairs and Cultural Heritage was allocated ZiG$16.1 billion (US$536.67 million), while the Ministry of Defence received ZiG$18 billion (US$600 million), demonstrating significant government focus on security and defence.

In stark contrast, the Ministry of Energy and Power Development, critical to the mining sector’s power requirements, received only ZiG$259.8 million (US$8.66 million). This raises concerns about whether the Ministry of Mines and Mining Development has been adequately resourced, given the pivotal role of mining in driving economic growth and earning foreign currency.

Minister Ncube reiterated the centrality of mining to Zimbabwe’s economy but acknowledged the challenges posed by limited funding.

“We are committed to building resilience for sustained economic transformation, and the mining sector remains central to this goal,” said Prof. Ncube.

Nonetheless, with only US$22.16 million officially allocated, there are doubts about the sector’s ability to sustain its growth momentum without greater efficiency and prioritization of critical projects within the ministry.

The mining sector remains one of Zimbabwe’s largest foreign currency earners, significantly contributing to the national GDP. However, its allocation pales in comparison to sectors like agriculture, which received ZiG$22.9 billion (US$763.33 million). With increasing demands for mining reforms, equipment upgrades, and infrastructure to support mineral beneficiation, the ministry’s budget may fall short of meeting the sector’s urgent needs.

The disparity in budget allocations, particularly compared to ministries such as Defence and Agriculture, suggests that more needs to be done to prioritize mining as part of Zimbabwe’s broader economic transformation agenda.

Still, Prof. Ncube expressed optimism about the allocated funds’ potential impact.

“We will continue to ensure that every dollar allocated delivers value, particularly in creating an enabling environment for investment and mineral production,” he emphasized during his address.

Given mining’s critical role in generating foreign currency, stakeholders will be closely monitoring how the Ministry of Mines and Mining Development utilizes its limited allocation to sustain growth and attract future investments.

Zim man and a South African busted with gold worth R15 million

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Mining
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Joacham Chivayo

South Africa’s Gauteng Hawks’ Serious Organised Crime Investigation team arrested two suspects identified as 33-year-old Joacham Chivayo and 20-year-old Ayanda Brian Gungwa, a South African citizen.

According to a Media Statement released by the South African Police Service, the two were arrested on-site and charged with illegal possession of gold under the Precious Metals Act, Act 37 of 2005.

The operation, meticulously planned and executed on Tuesday, 26 November 2024, at approximately 13:15, led to the apprehension of the suspects at Helderwyk Estate in Brakpan, South Africa. The individuals were caught attempting to sell six bars of unwrought gold, valued at around R15 million.

The case has been registered at Brakpan Police Station, and the suspects made their first court appearance on Wednesday, 27 November 2024. Currently, the two remain in custody as investigations continue to trace the origin of the gold and identify other possible suspects involved in the illegal trade.

Brigadier Paulina Sekgobela, Acting Provincial Head of the Hawks in Gauteng, praised the team for their exceptional efforts.

“The Gauteng Hawks remain steadfast in our commitment to uphold the law and protect our nation’s valuable resources. The diligence and coordination demonstrated by all team members in this operation are highly commendable,” said Brigadier Sekgobela.

Investigations are expected to shed more light on the network behind this illegal operation.

 

Murasta Donates and Commissions New Infrastructure at Dubungwani Primary School

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Mining
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Johannes Sithole (Mrasta)
Johannes Sithole (Mrasta)

In an effort to promote education in marginalized communities, small-scale mining company Murasta Mining has invested over US$25,000 in a state-of-the-art administration block and a water facility at Dubungwani Primary School in Shanyathi District, Ward 8, Mining Zimbabwe reports.

By Rudairo Mapuranga

The donation, which includes furniture and a 3KVA solar power system, aims to uplift educational standards in this rural area and enhance the learning environment for both students and teachers. This initiative is expected to further improve the school’s pass rate, which rose from 0% to 29% in 2023, following over a decade without a recorded pass rate from 2012 to 2022.

Speaking at the commissioning ceremony, Murasta Mining’s Chief Financial Director, Mr. Chenjerai Makonese, emphasized the company’s commitment to bridging the gap between rural and urban schools.

“The main reason we invested here is to uplift our local communities, especially the rural ones, so that learners in rural schools have the same opportunities as those in urban areas,” said Makonese.

He expressed confidence that the school would achieve further progress, with an expected pass rate increase to between 60% and 75%.

In addition to the administration block, Murasta Mining has installed a borehole at the teachers’ hostels to provide clean and reliable water for staff. The company also plans to enhance living conditions by installing solar energy at the hostels in the near future.

Murasta Mining’s Managing Director, Mr Johane Sithole, highlighted the importance of supporting educators in remote areas.

“We saw it fit to construct the administration block and install a borehole at the teachers’ hostels. In the future, we also hope to power the hostels with solar energy to make the teachers more comfortable in this very remote area, where six teachers manage nine classes, from ECD A and B to Grade 7,” said Sithole. He added, “If you make a teacher happy, they will excel in their role.”

This investment is part of Murasta Mining’s broader corporate social responsibility strategy, aimed at reimagining mining to improve the lives of surrounding communities. By focusing on education, Murasta hopes to positively impact the region by reducing crime rates, lowering instances of child marriages, and increasing productivity through an educated and empowered population.

The infrastructure project at Dubungwani Primary School marks a significant milestone in Murasta Mining’s commitment to sustainable development, proving that even small-scale mining companies can play a transformative role in marginalized communities.

One year reflection Interview – AMMZ President Eng Abel Makura

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Mining
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Abel Makura

It is been exactly one year since Engineer Abel Makura took over the reins of the technical arm of the Mining Industry of Zimbabwe.  We had a sit down as the President reflected on a year of milestones, challenges, and forward-thinking initiatives under his leadership.

He shared insights into the Association of Mine Managers of Zimbabwe (AMMZ)‘s efforts to revise mining regulations, foster regional collaborations, and uphold high standards through sustainable mining practices. Additionally, Eng. Makura addressed the importance of creating pathways for professional recognition of mining Engineers, ensuring continuous skills development, and embracing innovative technologies. This interview offers a comprehensive look at his vision for the future of mining in Zimbabwe and his message of gratitude to the industry for its support.

Q: Since taking over as AMMZ President, what have been your most significant achievements?

A: We’ve continued to grow our membership, welcoming new members, especially from the lithium sector. In the third quarter, we conducted a technical visit to Prospect Lithium, a milestone for us this year. We’ve also fostered collaborations with mining associations outside Zimbabwe, and this year’s conference will feature experts from across the region who will share insights with our members.

Additionally, we’ve made progress on revising mining regulations by working closely with the CGME’s office, and we’re optimistic about finalizing this process soon. We’ve reviewed our constitution with the Chamber of Mines’ legal team to align it with industry developments, ensuring that the association functions well and meets industry needs.

Throughout the year, we’ve prioritized knowledge sharing by visiting various operations each quarter. We’ve also received requests from support services in the Zimbabwe mining industry to tour their facilities, and we intend to visit more in the future to enhance industry learning.

Q: What challenges has the Association faced, and how have you overcome them to maintain progress in Zimbabwe’s mining sector?

A: A significant challenge has been establishing a pathway for mining engineers and technologists to gain professional registration in Zimbabwe. Mining engineers face hurdles in meeting the requirements to register with the Zimbabwe Institution of Engineers (ZIE), unlike other established engineering fields. Many end up registering with external bodies like ECSA and EA. We are working with the Chamber of Mines to gain registration as a constituent body under the Engineering Council of Zimbabwe, though we still need government support to make this a reality.

Q: How has the Association’s work influenced mining operations and set standards across Zimbabwe over the past year?

A: Through our annual audits and competitions, we encourage sustainable mining practices. This year, our audits identified areas where mines could improve operations. Mines that achieved milestones like IRMA certification and autonomous mining have set high standards, inspiring others to reach similar goals in ways relevant to their operations.

Q: Can you share a particular moment or milestone that felt especially significant for the Association this year?

A: One significant milestone was having a member mine go over 12 years without a loss of life, as well as being the first in Zimbabwe to achieve certification for responsible mining. Another highlight was being invited to lead discussions on innovation at the inaugural Digitalization in Mining Africa conference.

Q: How has AMMZ engaged with other regional or international mining associations, and what benefits have come from those collaborations?

A: We’ve started collaborations with AMMSA, aiming for cross-pollination of ideas to advance mining practices in both countries. Zimbabwe and South Africa share similarities in mining operations, but we also have key differences, creating a valuable platform for learning and mutual growth.

Q: What role has the Association played in addressing workforce issues, such as skills development and safety standards?

A: Within AMMZ, we have a working group called Technology, Academia, and Innovation. This group engages with academic and research institutions for career development and curriculum alignment to equip future mine managers. We also work with tech developers to ensure new technologies meet mining needs, contributing to safe and sustainable resource extraction for the benefit of Zimbabwe.

Q: In our last interview, you mentioned the Technology, Innovation & Academia working group exploring new technologies and assessing their impact on future mine managers. Where does this initiative currently stand?

A: There’s been significant progress, with several developments in Zimbabwe’s mining sector, including autonomous mining, blockchain usage, telemetry, productivity monitoring, ventilation on demand, and proximity detection systems. Many of these innovations are spearheaded by members of our working group, reflecting our advancement in this area.

Q: How has member feedback influenced the Association’s strategic direction, and are there ways for members to engage even more in the future?

A: Feedback is crucial for growth, and we value contributions from all stakeholders. We encourage members to share their insights through our social media and communication channels. Members are our ambassadors, and we welcome feedback from them as well.

Q: Lastly, what message would you like to share with the mining community as AMMZ celebrates its first anniversary under your presidency?

A: We are grateful for the support from the mining community, including miners, suppliers, and media houses. Their engagement at our events and on media platforms energizes us to improve every day. We are committed to promoting mining advancement in Zimbabwe and appreciate the trust they have placed in us to lead this journey. We pledge to serve them to the best of our abilities.

This article first appeared in EDITION 76 of Mining Zimbabwe Magazine

Gold buying prices per gram in Zimbabwe 28 November 2024

By
Mining
-
0
gold buying Zimbabwe

These are the official gold buying prices per gram in Zimbabwe today 28 November 2024, from the official gold buyer and exporter Fidelity Gold Refinery (FGR).

SG 90% and ABOVE US$80.23/g
SG ABOVE 85% BUT BELOW 90% US$79.38g
SG ABOVE 80% BUT BELOW 85% US$78.53/g
SG ABOVE 75% BUT BELOW 80% US$77.68/g
SAMPLE BELOW 10g BUT ABOVE 5g US$76.41/g

Fire Assay CASH $80.65/g

NB: Fire Assay cash price is for gold above 100gs, no sample is deducted.
For the Fire Assay Transfer price, a sample of not more than 10g is deducted
A 2% royalty is charged on all deposits (Small-scale miners)
A 5% royalty is set for Primary Producers

Cash available. Fidelity Gold Refinery prices will be changing daily to match world market prices.

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