Articles tagged 'mining'

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...
Govt firms violate environmental regulations 6 August 2017 HARARE - Mining companies in which government has an interest are the worst violators of environmental regulations because they insist on starting operations before fulfilling some of the conditions precedent, it has been revealed. Before mining companies can start operations, they must comply...
Police fingered in Chiadzwa chaos 29 July 2017 MUTARE - Police have been accused of facilitating the entry of illegal artisanal miners into Marange diamond fields and mobilising them to attack Zimbabwe Consolidated Diamond Company (ZCDC) security. Zimbabwe’s new State-owned diamond miner ZCDC started operations in March last year after the...
Booted diamond firms' court action imperils jobs 29 July 2017 MUTARE  - Over 1 500 workers who were employed by Mbada Diamonds, Jinan and Anjin remain jobless as Zimbabwe Consolidated Diamond Company (ZCDC) fears being held in contempt of court if it employs them before the companies’ court action is finalised. The firms sued government for breach of con...
Mining sector to grow 5,1pc: Chinamasa 22 July 2017 HARARE - The mining sector is seen growing 5,1 percent this year buoyed by positive performance from the gold, platinum, chrome, coal and nickel sectors, Finance minister Patrick Chinamasa said. Chinamasa on Thursday said the sector — which recorded an overall growth of 8,2 percent contributin...
Mine Entra kicks off 18 July 2017 BULAWAYO - Organisers of this year’s Mining, Engineering and Transport (Mine Entra) expo are optimistic that they will have a fruitful three-day gathering. Zimbabwe International Trade Fair (ZITF) general manager Nomathemba Ndlovu said there was a remarkable improvement on exhibitor turnout as...
Booted diamond miner Anjin seeks reinstatement 12 July 2017 HARARE - Chinese diamond mining firm Anjin Investments (Anjin), which was booted out of the Marange mining fields last year, has approached the Constitutional Court (Con-Court) demanding reinstatement. The application was made after Mines minister Walter Chidakwa ordered diamond mining firms t...
Zim to become largest lithium producer 11 July 2017 HARARE - Zimbabwe is poised to become one of the largest lithium producers in the world due to increased global demand. The investment-starved country produced 900 tonnes of lithium in 2015, with top producer Australia accounting for 13 400 tonnes, Chile for 12 900 tonnes, Argentina for 3 800 ...
'Zim to miss gold target' 28 June 2017 HARARE - The World Bank has forecasted that Zimbabwe will miss its ambitious 28-tonne gold production for this year, putting a dent on the country’s economic revival prospects. This comes as Zimbabwe, which produced 23 tonnes of the yellow metal and earned over $914 million in export receipts ...
Coal miners get ultimatum 28 June 2017 HARARE - Mines minister Walter Chidakwa has threatened to cancel mining licences of two coal miners, Monaf Investment (Monaf) and Appex Petroleum (Appex), due to non-performance. Chidakwa said government was not happy with lack of progress by the two coal miners which received grants seven yea...
Premier to commence commercial mining 22 June 2017 HARARE - London Stock Exchange-listed mining exploration and production company, Premier African Minerals Limited (Premier), anticipates beginning commercial mining at its Zulu Lithium and Tantalum mine following positive metallurgical results on the site. Premier’s chief executive George Roac...
Zim gold earnings up 3,4pc 31 May 2017 HARARE - Zimbabwe's gold earnings were up 3,4 percent in the first quarter to $275 million, after realising a 4,8-tonne output, official figures show. Data from the Reserve Bank of Zimbabwe (RBZ) attributed the earnings improvement to firming international prices. “Gold prices, however, rec...
RBZ takes over diamond operations 23 May 2017 HARARE - The Reserve Bank of Zimbabwe (RBZ) has taken over the production of diamonds in the country in an effort to promote transparency in the sector. This comes as the Zimbabwe Consolidated Diamond Company (ZCDC), which was formed last year after government expelled all diamond miners in Ma...
I miss football but not the money - Masomere 21 May 2017 HARARE - Luke Masomere is considered to be one of the most experienced football coaches in the country but sadly the well-travelled gaffer remains nowhere near the sport he loves so much. Instead, while still feeling a little pang of regret at no longer being involved in the game, the self-pro...