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Search results: Mimosa
Karo Retrenches Employees, Terminates Contractors Amid Tough Market Conditions
Tharisa plc-owned Karo Platinum has retrenched 16 permanent employees and terminated the contracts of several contractors as part of its strategic decision to optimize costs in response to the continued depression of platinum group metal (PGM)...
Mnangagwa Appoints second Deputy Minister of Mines
President Mnangagwa has appointed Mutoko North Member of Parliament, Hon Caleb Makwiranzou, as the second Deputy Minister of Mines and Mining Development, Mining Zimbabwe can report.
By Rudairo Mapuranga
As announced by Dr Martin Rushwaya, Chief Secretary to...
CBZ Secures USD 50M Credit Line to Boost Mining Sector Supply Chain
Cape Town, South Africa — CBZ Bank Ltd has signed a USD 50 million Trade and Working Capital line of credit with the African Export-Import Bank (Afreximbank) to support export-oriented businesses across Africa. The agreement, signed...
Mining Companies Must Emulate PGM Miners in Supply Chain Development
In Zimbabwe’s mining sector, there is a crucial opportunity for companies to reduce their reliance on imported goods by strengthening the local supply chain. While Zimbabwe excels in extracting valuable resources such as gold, platinum, chrome,...
Will Rising Challenges and New Tax Burdens Affect the Projected 140% Investment Surge in 2025?
The Zimbabwe mining sector is set to experience a remarkable 140% surge in capital investments in 2025, with projected spending expected to reach US$495.94 million, up from US$206 million in 2024. This sharp increase is largely...
Budget Allocation to the Ministry of Mines Insignificant for Economic Growth
Mining has long been the cornerstone of Zimbabwe’s economy. It accounts for more than 60% of the country’s export earnings, contributes about 12% to GDP, and provides employment to thousands. The sector has an even greater...
Zimbabwe Mining in 2024 – a quick overview
The mining sector remains the backbone of Zimbabwe's economy, contributing significantly to GDP and export revenues.By Rudairo MapurangaIn 2024, the Zimbabwe mining sector solidified its position as the most crucial industry, accounting for approximately 12% of...
Govt Impressed with Zimplats Beneficiation Investment
The Government of Zimbabwe has expressed satisfaction with Zimplats' progress in fulfilling its value addition and beneficiation commitments. This follows the company's significant investments in expanding smelting and refining capacity at its operations, Mining Zimbabwe can...
Blanket Mine Wins AMMZ SHE Award for Continual Improvement
Victoria Falls Stock Exchange-listed, gold-focused miner Caledonia Mining Corporation's Blanket Mine has been honored with the prestigious Continual Improvement Award at the Association of Mine Managers of Zimbabwe (AMMZ) Safety, Health, and Environmental (SHE) Awards, Mining...
Govt to continue with 5% Tax on Unrefined Platinum Exports in 2025
In a setback for Platinum Group Metals (PGM) miners, the Zimbabwean government has announced that it will move forward with the implementation of a 5% tax on unrefined platinum exports starting in January 2025, despite the...
Dr Tonderai Chikande appointed Mine Ventilation Society of Zimbabwe President
Zimplats Ventilation Manager, Dr Tonderai Chikande (PhD, Mining Engineering), was appointed President of the Mine Ventilation Society of Zimbabwe (MVSZ) at the organisation's Annual General Meeting and Conference in Masvingo.By Kelvin SungisoDr Chikande's appointment represents a...
Zimbabwe to Participate in Global Mine Rescue Competitions
Zimbabwe is set to participate in the upcoming International Mine Rescue (IMR) Global Competitions, hosted by Zambia in 2026, Mining Zimbabwe reports.By Ryan ChigocheThe announcement was made by the Chamber of Mines of Zimbabwe (CoMZ) at...