Gold delivery declines 10 percent
Gold deliveries in the first quarter of the year to State gold buying entity, Fidelity Printers and Refineries (FPR), took a 10 percent knock compared to the same period last… Read more »
Category: Mining
Small scale miners under tax scrutiny
THE Zimbabwe Revenue Authority (Zimra) has put small scale mining syndicates in Masvingo under scrutiny in a bid to ensure voluntary compliance with the tax laws. A letter addressed to… Read more »
Metallon Closes 3 Mines, Mull Plans To Sell To Canadian Investors – Report
Metallon Gold reportedly ceased operations at three of its four mines in Zimbabwe because of mounting debts, according to South African media reports. The company’s operations are being hindered by… Read more »
Invictus receives final data for Muzarabani oil prospect
Newly defined data released this week by Invictus Energy, has provided management with increased confidence regarding a sizeable increase in the prospective resource estimate of the Muzarabani oil prospect that… Read more »
HCC targets $8 million
Harare City Council says it is targeting to pocket $8 million in revenue from license fee collection from businesses that operate in the Central Business District (CBD) following an audit… Read more »
Russia to build $4 billion platinum mine
JOHANNESBURG. – Zimbabwe has signed an agreement with Russia to build a new platinum mine in the southern African country, finalising a deal that’s stalled since 2014. A deal to… Read more »
Test results excite Zim lithium miner
The developer of Zimbabwe’s most promising lithium project, Prospect Resources, says further bulk lithium tests on the metal content of ore from the main site of its Arcadia project yielded… Read more »
Bubi miner plans $300k investment
BUBI-BASED gold mining operation, Waterwitch, plans to invest $300 000 in plant and equipment upgrade to increase employment figures as well as boost output to 100 tonnes of ore per… Read more »
Mines minister sucked into $111m Hwange scam
Hwange Colliery in 2016 lost a $111 million loan from government to fund its revival due to mismanagement, reckless trading and money laundering which has sucked in Mines minister Winston… Read more »
Zim’s ferro-chrome potential towards V2030
Zimbabwe has the capacity to meet the Second Republic’s set target of becoming an upper middle income economy by the year 2030 if the ferro-chrome industry gets support. This was… Read more »