Articles tagged 'mining'

'Mines Bill sidelines prospectors' 30 April 2018 HARARE - The Zimbabwe Prospectors Association (ZPA) has raised objections to the Minerals Amendment Bill saying if passed, it will severely affect their operations. They have since petitioned Parliament to present their objections to the bill, which is in its second reading. ZPA president S...
Mliswa's Parly committee savages AG's Office 27 March 2018 HARARE - Parliament's Mines and Energy portfolio committee has slammed the Attorney-General(AG)'s Office, accusing it of delaying the Mines and Minerals Amendment Bill submitted to them. The committee's chairperson, Temba Mliswa, told the National Assembly last week that staff at the AG's offi...
Zim mining sector: Has positive change begun? 9 March 2018 HARARE - Zimbabwe has overcome unprecedented change since November 2017, when new President Emmerson Mnangagwa took office. This political change has boosted business confidence and caught the attention of the international market. This change at the top has encouraged a unanimous feeling acro...
MPs grill minister over Hwange demo 8 March 2018 HARARE - Legislators yesterday grilled Justice, Legal and Parliamentary Affairs minister Ziyambi Ziyambi over  government’s silence on the salary impasse at the Hwange Colliery Company Limited (HCCL). HCCL, in which Zimbabwe’s government is the biggest shareholder with 37 percent shares, is th...
Coal miner Hwange to revive coke oven battery 5 March 2018 HARARE - Tri-listed coal miner, Hwange Colliery Company Limited (HCCL), has revived plans to construct a new coke oven battery, it has been learnt. HCCL, which is listed on the Zimbabwe Stock Exchange and also trades its shares on the London and Johannesburg stock markets, initially wanted to ...
Aussie-listed miner sets up lithium lab in Zim 2 March 2018 HARARE - One of Zimbabwe’s largest lithium producer, Prospect Resources (Prospect), has established a laboratory complex in Kwekwe aimed at enhancing production of lithium carbonate.  Hugh Warner, Prospect chairperson said the latest development is a significant achievement for both the compan...
Mpofu Parly probe over missing $15bn postponed 20 February 2018 HARARE - Parliament has postponed the hearing of Home Affairs minister Obert Mpofu summoned to answer to the controversy surrounding the missing diamond revenue estimated at a staggering $15 billion. Parliamentary portfolio committee on Mines and Energy chairperson Temba Mliswa said Mpofu, who...
Canadian miner eyes Zim lithium 16 February 2018 HARARE - Canadian mineral exploration company Chimata Gold Corporation said it is seeking to raise at least US$2 million needed to seal a deal with a Mauritius-based firm, Zimbabwe Lithium Company, to mine lithium in Kamativi. Zimbabwe Lithium Company recently entered into an agreement with th...
ZCDC employee denied bail 31 December 2017 HARARE - A Zimbabwe Consolidated Diamond Company (ZCDC) employee who allegedly connived with his workmates and manipulated security and Closed Circuit Television (CCTV) and exchanged fake gems for original ones without detection was denied bail yesterday. In the process, the ZCDC lost diamonds...
Diamond miner loses $500k in scam 29 December 2017 HARARE - A group of Zimbabwe Consolidated Diamond Company (ZCDC) employees allegedly connived and manipulated Closed-Circuit Television (CCTV) and exchanged fake gems for original ones without detection. In the process, the ZCDC lost diamonds worth more than $500 000, the court was told yester...
Relief for arrested foreign nationals 12 November 2017 MUTARE - Twenty one foreign nationals and prominent local rights activist Farai Maguwu were yesterday spared jail by a Mutare magistrate who fined them for trespassing following their arrest on Friday for holding commemorations of illegal miners killed a decade ago during the country’s diamond ru...
Mineral earnings up 31pc 24 October 2017 HARARE - Mineral earnings grew by 31 percent in the nine months period to September ahead of the same period last year, official data published by the Minerals Marketing Corporation of Zimbabwe (MMCZ) show. Minerals earned $1,1 billion between January and September compared to $836 million in ...
Tough tax regime for miners 23 October 2017 HARARE - The Zimbabwe Revenue Authority (Zimra) is proposing a tough mining regime for miners to ensure that the country gets more taxes. Zimra’s chairperson Willia Bonyongwe last week said Zimbabwe, like all developing countries, needs to find a more equitable tax regime for the mining sector...
Gold deliveries in massive surge 18 October 2017 HARARE - Gold deliveries to Fidelity Printers have hit 12,09 tonnes mark in the first seven months of the year, with deliveries by small-scale miners increasing 7,8 percent to 1 127,5 kg in July from 1 045,9kg recorded in June, Parliament Budget Office figures show. Gold production target for ...
Govt moves to ban chrome exports 10 October 2017 HARARE - Zimbabwe is mulling a ban on the export of chrome as it looks to build internal refinery capacity, the Mines and Mining Development minister Walter Chidakwa has said. Zimbabwe’s ferrochrome production is expected to double to 300 000 tonnes this year after the government allocated chr...
Makwiro loses forests as miners ravage land 8 October 2017 HARARE - African sages say if a snake suddenly hurtles in front of you, it smacks of a bad omen. This was the case with a Daily News on Sunday crew that went on an ambitious exploratory sojourn in the mineral-rich Makwiro area of Mashonaland West Province recently; where indiscriminate chrome ...
US trial lifts lid on diamond deals 28 September 2017 HARARE - A trial in the United States has opened a can of worms, with a former lawmaker accusing a prominent Chicago developer of paying kickbacks to high-ranking officials in Zimbabwe in the hope of starting a lucrative diamond mine operation. In a lengthy cross-examination during his trial o...
Progress in Mines and Minerals Amendment Bill 26 September 2017 HARARE - Parliament is moving to pass the Mines and Minerals Amendment Bill which seeks to repeal the principal Act crafted in 1961. National Assembly Speaker Jacob Mudenda said last week: “I have to inform the House that I have received a non-adverse report from the Parliamentary Legal Commit...
Discord in AAG over gold claims 21 September 2017 HARARE - The national leadership of the Affirmative Action Group (AAG) has broken ranks with its Bulawayo chapter over the decision by city fathers in the second largest city to allocate gold claims to town clerk Christopher Dube, and George Mlilo — the permanent secretary in the ministry of Loca...
Zimplats surrenders claims to Zim govt 19 September 2017 HARARE - Zimplats, which is majority controlled by Impala Platinum, has said it has agreed to cede a contentious piece of land that it has for years suffered to retain, after government had sought to take it over. This comes after President Robert Mugabe’s government made a fresh bid in Januar...
Dalny Mine boosts RioZim operations 15 September 2017 HARARE - Listed miner RioZim says the growth of its revenues by 16 percent to $37,8 million in the six months to June 2017 was as a result of the acquisition of Dalny Mine. The group recently snapped up Dalny Mine from Falcon Gold for $8 million, with the resources firm paying $250 000 for the...
Vast Resources ramps up gold production 5 September 2017 HARARE - London-listed mining firm Vast Resources says gold production at its Zimbabwean unit went up by 36 percent to 4 037 ounces in the second quarter to June 2017. Vast Resources owns Pickstone-Peerless gold mine in Zimbabwe and the company has plans to ramp up production. “ . . . minin...
Hwange Colliery reduces coal prices 31 August 2017 HARARE - Zimbabwe's biggest coal miner, Hwange Colliery Company (HCC), has slashed prices in a bid to combat massive deforestation around the country. Prices have been slashed by eight percent from $65 to $59 per tonne. “If the country does not take steps now, we will be left with no forest...
EASTERN NEWS | Outrage over Chiadzwa security 'abuses' 31 August 2017 MUTARE - Fearful villagers from the diamond-rich Chiadzwa area are accusing the Zimbabwe Consolidated Diamond Company (ZCDC) of gross human rights abuses, which its chief executive officer, Morris Mpofu, confirmed were being investigated by police. President Robert Mugabe’s government was accu...
Mining sector growth to remain subdued 9 August 2017 HARARE - Mining sector growth is expected to be subdued this year in the absence of fundamental reforms within the sector, a local securities group has said. In its Portfolio Manager’s Digest for the second quarter for 2017, Old Mutual Securities (OM Securities) said old mines must be resuscit...