Zimbabwe threatens to withdraw mining licences over unpaid fees
(Reuters) – Zimbabwe has given holders of mining concessions up to the end of April to pay $11 million in outstanding annual fees or risk losing their licences, the mines… Read more »
Category: Mining
Support for gold producers
The Reserve Bank of Zimbabwe (RBZ) has declined to increase foreign currency allocation to gold miners, preferring to work on improving material support to the sector in a bid to… Read more »
No reconstruction order for Hwange: High Court
THE High Court has blocked the Government from placing Hwange Colliery Company Limited (HCCL)under reconstruction and appointing an administrator to run it. In a judgment, the High Court disapproved Justice,… Read more »
Struggling Falgold says goodbye to ZSE
Struggling gold producer, Falcon Gold Zimbabwe Limited (Falgold) is voluntarily delisting from the Zimbabwe Stock Exchange (ZSE) after failing to overcome a number of operational challenges. The gold producer’s decision… Read more »
Zim on recovery path: Anglo American
There are green shoots of recovery for the Zimbabwean economy despite current challenges occasioned by ongoing reforms, head of British multinational mining company Anglo American has said. Mr Mark Cutifani,… Read more »
Miners deadlocked over minimum wage
THE Chamber of Mines and the Associated Mineworkers Union of Zimbabwe (Amwuz) this week failed to agree on the minimum wage for 2020 with both parties now engaging in further… Read more »
Zesa to venture into mining
State-owned power utility ZESA Holdings is re-looking to venture into mining as it seeks to raise funding to expand electricity generation capacity, officials have said. ZESA is targeting some idle… Read more »
Mines Minister guilty of contempt
MINISTER of Mines and Mining Development Winston Chitando was yesterday found in contempt of the High Court and sentenced to 90 days in prison. Minister Chitando, according to the court,… Read more »
MPs bid to invade closed mines blocked
GOVERNMENT has directed players in the mining sector to operate orderly, saying artisanal miners should not be allowed to invade closed mines dotted across the country. Responding to a question… Read more »
HCCL suspended from London Stock Exchange
Ailing Hwange Colliery Company Limited (HCCL) has announced its voluntary suspension from the London Stock Exchange (LSE) with effect from Monday this week. The temporary suspension of the company on… Read more »