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Search results: Marketing Corporation of Zimbabwe (MMCZ)

MMCZ to rake in US50 million in gemstone revenue

The Minerals Marketing Corporation of Zimbabwe (MMCZ) is targeting to rake in US$50 million from the gemstones industry by the end of this year, a feat to be achieved through bringing in gemstones from producing communities...

Massive corruption in scrap metal exports

Zimbabwe is losing millions of dollars through the unauthorized export of scrap metal as the Reserve Bank of Zimbabwe has not received any tax revenue from scrap export, an official has unearthed.Rudairo MapurangaSpeaking during a closed-door...

Mineral revenues off target …as US$12bn target eludes govt

ZIMBABWE has missed its mineral production targets for the first two months of the year by about 25%, but authorities remain optimistic that it will meet a sectorial US$12 billion revenue contribution by 2023.However, developments indicate...

ZCDC diamonds back on the market

STATE-OWNED diamond miner, Zimbabwe Consolidated Diamond Company (ZCDC)’s gems are back on the market after a seven-month hiatus.The ZCDC has been on a massive production ramp up spearheaded by a new management team. Last year, for...

Former Mines perm-Secretary Gudyanga Convicted

Former Mines and Mining Development permanent secretary, Francis Gudyanga was on Friday convicted of criminal abuse of office.He was remanded in custody while awaiting sentencing on Wednesday next week.The Harare Magistrate Court found Gudyanga guilty of...

ZMF strategises for the achievement of US$8 Billion in 2022

The Zimbabwe Miners Federation (ZMF) a body that represents the small-scale and artisanal (ASM) miners in Zimbabwe has made strides to strategise on the achievement of the US$8 Billion mining industry in 2022. Rudairo Mapuranaga The organisation’s strategies...

Zim to exhibit at Dubai Mining Expo

Zimbabwe’s mining sector will, this month, exhibit at the Dubai Mining expo, as part of efforts to lure  more investors into the mining sector, Mines and Mining Development minister, Winston Chitando  has said.The capital intensive mining sector...

MMCZ, ZCDC fight over diamond deal

Chaos has erupted in a fierce fight over the choice of a partner in the proposed diamond value addition project between State-owned diamond miner, the Zimbabwe Consolidated Diamond Company (ZCDC), and Minerals Marketing Corporation of Zimbabwe (MMCZ).  Vongai...

About viability of mining sector

For most entrepreneurs and executives in Zimbabwe the moment mining is mentioned they pay close attention. This is because the mining sector presents many opportunities especially as the businesses generate foreign currency. This article looks at...

Parly, ZACC to probe missing diamonds and US$400mil from ZCDC

The Parliament of Zimbabwe will follow up on the Auditor’s report with reinforcement from the Zimbabwe Anti-Corruption Commission (ZACC) among other arms of government to ensure that the country recovers its fortune as the first option,...

Government issues six-month ultimatum to granite miners

The government has issued a six-month ultimatum to all granite mining companies to come up with a beneficiation plan or risk losing their trading licences.There are several mining companies extracting granite in Mutoko district in Mashonaland...

Mines endorse RBZ move which strip MMCZ role

MINING industry executives yesterday commended the central bank’s move to give the Zimbabwe Revenue Authority (Zimra) the sole mandate to collect fees and commissions previously paid to the Minerals Marketing Corporation of Zimbabwe (MMCZ), saying this...

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