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Search results: Gold deliveries

Mining sector to receive $1 billion

The Mining sector is set to receive a $1 billion fund from government aiming at reviving production as business resumes after a 30-day lock-down was eased for formal businesses.By K SungisoMinister of Finance and Economic Development...

Chitando updates Parly on Mining progress

Minister of Mines and Mining Development, Winston Chitando has given a mining progress report to the house of assembly in which the government has aspirations to achieve the $12 billion by 2023  and also the possible...

Monetary Policy Statement: Impact to miners

THE Reserve Bank of Zimbabwe (RBZ) governor John Mangundya recently presented his Monetary Policy Statement (MPS) under the theme: Focusing on price and exchange rate stability.The statement came at a time when the thrust of the...

Mining firms fingered in tax evasion

THE country could be losing millions in potential revenue through tax evasion among other underhand dealings involving players in the mining sector, according to the Zimbabwe Revenue Authority (Zimra). Although mining contributes nearly 60 percent of the...

Meet Africa’s youngest Group Chief Geologist, Patrick Takaedza

Inside Mining Zimbabwe (IMZ) met a youthful most likely Africa's youngest Group Chief Geologist Mr. Patrick Takaedza (PT) who gave us an insight on his line of work and his opinion on Mining in Zimbabwe.IMZ: Good...

Artisanal miners: Separating fact from fiction

Zimbabweans love generalising and stereotyping.  I guess, in a way, this makes things easy to understand.In any case, who needs to grapple with deeper and nuanced analysis when they have to contend with a myriad of...

Why violence is rising in Zimbabwe’s small-scale mines

Amid socio-economic malaise facing Zimbabwe, mining is the only remaining silver lining.The sector underpins the country’s socio-economic growth prospects. Gold which is expected to contribute US$4 billion, a third of the anticipated US$12 billion earnings from mining...

Mineral exports seen higher in 2019

Zimbabwe’s mineral exports, excluding gold and silver exports, are projected to climb 6 percent above prior year earnings to over US$1,8 billion after sales topped US$1,6 billion for the 10 months’ period to October this year.But...

Top Grossing Zimbabwe minerals 2018

Precious metals were generally subdued in 2018 despite them being the top-grossing minerals in Zimbabwe mainly occasioned by weak safe-haven demand and a generally stronger dollar owing to interest rate hikes by the Federal Reserve during...

Women making huge strides in the Zim mining industry

Top Eight women in the Zimbabwe mining industry. Orthodox thinkers consider the mining sector to be a very dangerous industry that is not fit for women. However, according to a certain African proverb, if you educate a...

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 last year due to unfavourable pricing following the spreading disparity between the...

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 the availability of electricity, it also noted that it was instrumental to...

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