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Search results: RioZim

Benefits from surge in gold prices limited

Zimbabwe’s mineral commodity producers will enjoy limited benefit from the currently upsurge in international prices as it is nearly impossible to ramp up production in the short term, industry experts have said.Commodity markets are being squeezed...

Fidelity disposal deal hangs in the balance

GOVERNMENT’S plans to dispose of its controlling stake in the country’s sole gold buyer Fidelity Gold Refinery (FGR) is under scrutiny by some gold producing firms shortlisted for the US$49 million transaction, the Zimbabwe Independent can reveal.The...

Will Hwange Become Zim’s Next Ghost Town? As World Moves Away From Fossil Fuels

One of the major outcomes from the climate summit (COP26) in Glasgow, Scotland last year was the bold call by world leaders to phase out coal as a source of energy – a more radical stance...

Murowa posts 43 percent decline in output

MINING group, Rio Zimbabwe (RioZim) Limited says the high-grade pit at Murowa Diamond Mine has reached its life span resulting in the operation posting a 43 percent decline in output.Murowa Diamond project, which is situated in...

Southern Africa Mining Industry Report 2021

The "Mining in Southern Africa 2021" report has been added to ResearchAndMarkets.com's offering.Southern Africa has produced a large number of minerals, including over 25% of the world's diamonds, over 13% of its graphite and 10% of its uranium. The region contains deposits of...

Production costs going up in ZWL

The large-scale mining sector has been hard hit stubbornly by the cost of production, labour and materials due to the current foreign currency retention offered by the government which is not viable, Mining Zimbabwe can report.Anerudo...

ZMF Mashwest leader impressed by miners in Kadoma

Zimbabwe Miners Federation (ZMF) Mashonaland West Provincial chairperson Mr Timothy Chizuzu praised the small-scale miners in Kadoma for showing dedication to the growth and development of artisanal and small-scale mining. Rudairo Mapuranga In an interview with Mining Zimbabwe...

Court Dismisses Nduna’s Attempts To Grab Gold Mine

HIGH Court judge Justice David Mangota has dismissed an application by Chegutu West MP Dexter Nduna in which he sought to be declared the lawful owner of Danly Mine. The lawmaker had sued RioZim Private Limited for...

Kadoma mines office should be fully resourced

As Zimbabwe currently forges ahead with the 12 billion road map decentralisation plays a critical role in attaining the milestone.Mashonaland West being undoubtedly the richest province with over 63 minerals only has one Provincial Mining Director...

‘US$3bn Sengwa deal still alive’

THE Industrial and Commercial Bank of China (ICBC) has not reneged on an agreement to finance the US$3 billion coal fired power plant Zimbabwean firm, RioZim, wants to develop in Sengwa, Gokwe North, sources have said.If...

Mining sector records major milestones

The country has made significant headway in its quest to grow the mining sector to US$12 billion in the next two years from US$2,7 billion realised in 2017 driven by planned, ongoing and completed projects.While critics...

Zim sells gold refinery for US$49m

TEN companies will take control of Zimbabwe’s privatised gold refinery, Fidelity Printers and Refiners (FPR), for US$49 million, Finance minister Mthuli Ncube said on Thursday.This will be the first time that the refinery will be in...

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