Articles tagged 'mining'

Unki ramps up production 26 April 2017 HARARE - The world's largest platinum producer Anglo American Platinum (Amplats) says production at its Zimbabwean unit went up two percent to 18 900 ounces in the quarter to March 2017. Amplats owns and operates Unki Platinum Mine (Unki) near Shurugwi. In a statement accompanying its quart...
Coal miner Hwange signs 25-year deals 20 April 2017 HARARE - Zimbabwe's largest coal miner, Hwange Colliery Company Limited (Hwange), has signed two 25-year coal supply agreements with two local companies. The initiatives will see the company supplying more than 400 000 tonnes of coal per month to State-owned Zimbabwe Power Company and independ...
Zim's desperate gold rush sucks in cops 13 April 2017 HARARE - Police officers have joined scores of illegal gold diggers hacking away at the verdant hills in remote Matabeleland South, glimpsing an opportunity to shore up their meagre salaries, but inflicting an intractable problem of environmental degradation. Speaking in the Senate last week, ...
Zim importing coal 5 April 2017 HARARE - Zimbabwe is importing coal from Mozambique for tobacco curing, Reserve Bank of Zimbabwe (RBZ) governor John Mangudya has said. Speaking at the tour of Feruka in Mutare organised by Verify Engineering, Mangudya said the country has been forced to import because Hwange is not producing....
'RioZim operations under threat' 4 April 2017 HARARE - Auditing firm Ernst & Young Chartered Accountants Zimbabwe (EY) has raised a red flag over RioZim’s operations despite the listed resources firm registering a $2,5 million profit last year. "The group’s current liabilities exceeded its current assets by $30,8 million,” EY said in a st...
New diamond 'find' in Mutare 3 April 2017 HARARE - Thousands of families could be relocated from Penhalonga, just outside Mutare, amid claims that rich diamond deposits have been discovered in the area — although the government is dampening expectations. This comes as production at the Marange diamond fields, also in Manicaland, has p...
India seeks increased diamond trade 24 March 2017 BULAWAYO - India said it is seeking to develop Zimbabwe’s diamond sector through increased trade. One of the emerging Asian giant’s leading industry bodies, I am SME of India, yesterday said it was looking for ways to partner with local diamond producers. “It’s deplorable that Africa in gen...
Caledonia invests $54m in gold mine 23 March 2017 HARARE - Zimbabwe-focused resources firm, Caledonia Mining Corporation (Caledonia) said it plans to invest $54 million over a three-year-period on its Blanket Mine (Blanket) as part of strategies to produce 80 000 ounces of gold. The group’s chief executive, Steve Curtis, on Tuesday said the L...
Call for Mpofu wealth probe 22 March 2017 HARARE - Zimbabwe's Anti-Corruption Commission must investigate allegations that Macro-Economic Planning minister Obert Mpofu (pictured) allegedly siphoned diamonds money to amass his vast wealth, the Tendai Biti-led People's Democratic Party (PDP) said. This comes amid a case in which the for...
Minister queried over 'missing' $100m 17 March 2017 HARARE - Mines minister Walter Chidakwa was taken to task in Parliament on Wednesday over a “missing” $100 million loan that President Robert Mugabe said had been given to small scale miners. After being asked by MDC MP for Musikavanhu Prosper Mutseyami to shed more light on the matter, Chidak...
Zimplats swings back to profit 27 February 2017 HARARE - Zimbabwe's largest platinum producer, Zimplats, has recorded a $16,1 million profit in the half year to December 2016 compared to a loss of $0,6 million registered in the previous corresponding period. The group’s chief executive, Alex Mhembere, last week attributed the record profits...
Miners call for lower power tariffs 7 February 2017 HARARE - Zimbabwean miners have urged national power utility, Zesa Holdings, to reduce its electricity tariffs in an effort to boost the country’s mineral output. Mines minister Walter Chidakwa last week said he was lobbying for a special power tariff of $0,04 per kilowatt hour (kwh) from the ...
Zim to ramp up chrome production 3 February 2017 HARARE - Zimbabwe is planning to export over 800 000 tonnes of chrome this year, following the country’s move to re-distribute land previously held by miners. Mines minister Walter Chidakwa yesterday said government was moving to re-allocate 21 170 hectares (ha) of land that once belonged to t...
ZimAlloys scrounges for new investor 30 January 2017 HARARE - Despite government’s intention of compulsorily acquiring 22 000 hectares (ha) of land claims from ferrochrome producer, Zimbabwe Alloys (ZimAlloys), the former Anglo American subsidiary is scouting for a new investor. In a notice published by the company’s judicial manager last week, ...
Caledonia hits record gold output 16 January 2017 HARARE - London-listed resources firm, Caledonia Mining Corporation Plc (Caledonia), has enjoyed a record quarter for gold production from its Blanket mine in Zimbabwe. Some 13 591 ounces of gold were produced in the last three months, an 18 percent increase on a year ago and one percent up qu...
Zim mulls new mining tax 10 January 2017 HARARE - Zimbabwe is planning to introduce a new mining tax this year aimed at boosting the country's depleting revenue streams, businessdaily has established. Finance minister Patrick Chinamasa said the country has engaged an unnamed tariff consultancy firm from Norway to come up with the new...
Mugabe forges ahead with Zimplats land grab 6 January 2017 HARARE - Zimbabwe government is going ahead with plans to compulsorily acquire 28 000 hectares of mining land in Kadoma held by the country's biggest platinum miner, Zimplats. Through the second publication of a notice to the effect, President Robert Mugabe — ignoring various warnings from mar...
Zim miners target increased output 7 December 2016 HARARE - Zimbabwean miners are targeting increased output next year on the back of improved capacity utilisation, the country’s Chamber of Mines has said. A survey conducted by the mining industry body, launched in the capital yesterday, revealed that most miners expect fortunes to turn around...
RioZim eyes higher gold production 30 October 2016 KADOMA - Listed resources firm, RioZim, says it is targeting a 200 kilogrammes (kg) monthly gold production, following the commissioning of its Cam and Motor Plant and its recent acquisition of Dalny Mine Complex (Dalny). The firm’s outgoing chief executive, Noah Matimba, on Wednesday said the...
Metallon ups gold production 23 October 2016 HARARE - Zimbabwe's leading gold producer Metallon Corporation (Metallon) picked the perfect quarter to deliver robust production growth. According to the company’s preliminary third-quarter production report, its gold production jumped 18 percent to 26 622 ounces in the three months to Septem...
Zim to rake $2,3bn from minerals 14 October 2016 HARARE - Zimbabwe is expected to rake at least $2,3 billion this year from mineral exports, Mines minister, Walter Chidakwa, has said. Chidakwa told delegates at the National Economic Consultative Forum (NECF) that the country was earning at least $45 million each week from minerals, adding Zi...
Coal miner Hwange narrows loss 4 October 2016 HARARE - Troubled coal miner, Hwange Colliery Company Limited (HCCL), narrowed its half year losses to $28,4 million from $44,1 million recorded last year on the back of reduced administration costs and a string of other cost-containment measures implemented during the period. HCCL chairman Wi...
British firm commences diamond drilling in Zim 20 September 2016 HARARE - British miner Premier African Minerals (Premier) said it has commenced an extensive diamond drilling programme on its Zulu Lithium Project in Zimbabwe. The programme, which Premier said will be on the largest undeveloped lithium-enriched resource in Zimbabwe, is aimed at testing for s...
Hwange Colliery to shed workforce 12 September 2016 HARARE - Troubled coal miner, Hwange Colliery Company Limited (HCCL), is set to retrench over 1 000 employees and dispose of its non-core assets in an effort to streamline operations, a Cabinet minister said. Finance minister Patrick Chinamasa last week announced that government — with a 37 pe...
Women demand more from mining companies 5 September 2016 HARARE - Battles between mining companies, the municipalities that host them and affected local residents are now becoming bloody following the fatal shooting of gold panner Tafadzwa Lewani by Redwing Mine security guards in Penhalonga late last month. Women, who bear the brunt of the impact o...