Search results: price of gold

The Zimbabwe Revenue Authority (ZIMRA) has pledged to clear its long-standing backlog of value-added tax (VAT) refunds, a move likely to be welcomed by the mining sector, which has consistently raised alarm over the burden of...

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’s economic strategy of de-dollarisation will only succeed if the mining sector remains viable, profitable, and competitive, Deputy Minister of Finance and Investment Promotion, David Kudakwashe Mnangagwa, told delegates at the 2025 Chamber of Mines Annual...

All preparations are complete for the 2025 Chamber of Mines of Zimbabwe’s (COMZ) Annual Mining Conference and Exhibition, scheduled to take place from May 21 to 24, 2025, at the Elephant Hills Resort in Victoria Falls. By...

Zimbabwe’s mining industry employs over 50,000 formal workers and contributes 70% to foreign direct investment, 80% to exports, and 19% to government revenues, making mine workers the undeniable backbone of the national economy. Yet, despite their...

The Zimbabwe Diamond and Allied Minerals Workers Union (ZDAMWU), together with two affected employees, has filed a High Court application to place Zimbabwe Stock Exchange-listed miner RioZim Limited under corporate rescue, as the company faces mounting...

Zimbabwe’s sovereign wealth vehicle, the Mutapa Investment Fund (MIF), has stepped forward to clarify growing speculation surrounding the US$1.9 billion worth of Treasury Bonds used to acquire a 35% stake in Kuvimba Mining House (KMH), stating...

Caledonia Mining Corporation has extended the timeline for completing the Feasibility Study (FS) on its Bilboes gold project to allow for a more thorough assessment of key optimisation opportunities that could enhance project economics and reduce...

Thomas Lusiyano stands out as one of Zimbabwe's most dynamic and multi-faceted business leaders. With over 25 years of executive leadership in mining, logistics, and consulting, he is regarded as one of the most sought-after industry leaders.Currently,...

Bulawayo Mining Company (BMC), which owns How Mine in Bulawayo, is planning to spend US$4.5 million on expansion projects that are expected to ramp up the current level of production by 18%, Mining Zimbabwe can report. By...

Local suppliers have been urged to act responsibly and avoid profiteering when selling goods and services to Zimbabwe’s small-scale mining sector. There is growing concern that inflated prices are threatening the viability of operations for many...

The Victoria Falls Stock Exchange-listed Caledonia Mining Corporation has reported a net foreign exchange loss of US$9.7 million in 2024, up from US$6.8 million the previous year, marking a 30% increase. The rise in these losses...