Chrome producers feel the heat
Local ferrochrome producers are starting to feel the heat over plummeting global chrome prices that are likely to affect their viability with far reaching implications on the economy. According to… Read more »
Category: Mining
Cabinet cancels six ZMDC tenders
Cabinet has approved the cancellation of six tenders for Zimbabwe Mining Development Corporation (ZMDC) subsidiaries aimed at reviving the entities after the bids failed to satisfy a review process, Information,… Read more »
Rio-Zim resumes full scale operations
ZIMBABWE Stock Exchange-listed miner, RioZim Limited has announced full scale resumption of gold mining operations following clearance of arrear payments facilitated by the Reserve Bank of Zimbabwe. In a Press… Read more »
Wrangle over River Ranch continues
THE stalemate over the pricing of River Ranch Mine, situated in the border town of Beitbridge, continues unabated as the owners, Rani Investments, and potential buyers, the Zimbabwe Consolidated Diamond… Read more »
Hwange board to dispose of land. . .Paves way for power expansion project
HWANGE Local Board intends to dispose of residential and commercial land to pave way for the development of the $1,4 billion Hwange Thermal Power Station expansion project. The capacity extension… Read more »
ZCDC to build Diamond Value Management Centre
The Zimbabwe Consolidated Diamond Company (ZCDC )is set to build a Diamond Value Management Centre responsible for quality management of the gems, including sorting and valuation. The centre will also… Read more »
Gold deliveries to Fidelity reach record 33,3 tonnes
GOLD deliveries to Fidelity Printers and Refiners reached a record 33,3 tonnes in 2018, surpassing the 27 tonnes produced in 1999. The increase has been attributed to measures taken by… Read more »
Zimplats tax contribution to Government up 23 percent
PLATINUM giant Zimplats’ tax contribution to Government increased by 23 percent to $16 million in the fourth quarter of last year from $13 million in the previous quarter. In the… Read more »
Gold deliveries target up
Government has set a target of 40 tonnes of gold deliveries to Fidelity Printers this year up from the 33,2 tonnes gold miners delivered last year as it angles to… Read more »
Diamonds should sparkle in fight against inequality
With roughly $15 billion allegedly lost from Marange diamonds, the opportunity to fight inequality through domestic resource mobilisation was possibly squandered. All is not lost though. This undesirable situation can… Read more »