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Search results: Karo Platinum project
PGM Sector Grapples with 77% Effective Tax, Power Woes, and Currency Losses — Kwesu
Zimbabwe’s Platinum Group Metals (PGM) sector, a major foreign currency earner second only to gold, is reeling from a combination of suppressed global prices, power supply fragility, and a punishing effective tax burden now estimated at...
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...
Salene Chrome Maintains Care and Maintenance Status
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...
Interview: Hon Zhemu Soda Minister of Mines and Mining Development
Congratulations Hon. Minister for being appointed the Minister of a key Ministry, the best Ministry in our books. What is your vision for your term of office?
I thank you for congratulating me. I would also like...
Zimbabwe, a country with plenteousness of minerals
ZIMBABWE is home to 60 different types of minerals, 40 of which have been traditionally exploited to varying degrees.Platinum group metals (PGMs), chrome, gold, coal, and diamonds are the main minerals. Other minerals found in the...
Investors enticed with Zim mining opportunities
Investors who attended the Investing in Africa Mining Indaba were charmed by the Minister of Mines and Mining Development Hon Winston Chitando's presentation of the vast opportunities available in the mining sector in Zimbabwe.Rudairo MapurangaThe Minister...
Tharisa PGM production to double
Tharisa Capital says the development of the tier 1 Karo Platinum Group Metals (PGMs) project will see the group’s PGM production doubling within the next 24 months.The London – listed platinum miner which recently acquired a...
Mining sector requires over US$5bn
Zimbabwe’s mining companies need over US$5bn to recapitalise their operation in 2022 to ramp up production and reach optimum levels, the Chamber of Mines of Zimbabwe has said.It is expected that when fully capitalised, Zimbabwe will reach...
Zisco sends list of potential investors to Cabinet
DEFUNCT steel-manufacturing giant, Zisco, has completed the adjudication process for potential investors expected to spearhead the revival of the Redcliff-based firm.Names of the prospective investors have since been submitted to Cabinet for approval.In an interview, Zisco...
Govt focuses on private sector-led mining growth
The Mines and Mining Development Ministry budget allocation of $3 billion, approximately US$3 million at last auction rate, points to the Government’s desire for a private sector-led mining sector growth.The sector is estimated to grow 3,4...
Mining growth to outpace economy
Zimbabwe is primed to draw significant benefits from its diverse mineral resources amid projections that, at 7 percent growth per annum, the sector will outpace growth for the rest of the economy over the next five...
Mining ups the ante
The $12 billion mining sector by 2023 target might have sounded to some like a mirage or mere wishful thinking by an exuberant Government, but as days and months unfold, this is slowly becoming a reality,...
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