Articles tagged 'mining'

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...
Aussie firm to build $300m platinum refinery 18 May 2017 HARARE - Zimbabwe has secured an independent Australian partner to build a $300 million platinum refinery, under a joint venture arrangement with State-owned Zimbabwe Mining Development Corporation (ZMDC) and a local player. Mines minister Walter Chidakwa yesterday said the company —  Kell Tec...
ZCDC directors face prosecution 11 May 2017 HARARE - Zimbabwe Consolidated Diamond Company (ZCDC) directors — including Mines ministry permanent secretary Francis Gudyanga — face prosecution after the firm defied a court order barring it from looting Grandwell Holdings' (Grandwell) diamond ore in Chiadzwa. Grandwell, which holds a 50 pe...
MPs demand Gudyanga dismissal 10 May 2017 HARARE - African Parliamentarians Network Against Corruption (APNAC) has demanded the dismissal of Mines ministry permanent secretary Francis Gudyanga over his alleged corrupt activities in the diamond sector. This comes after Parliament's Mines portfolio committee recommended that the Civil S...
Reprieve for ailing coal miner Hwange 8 May 2017 HARARE - Troubled coal miner, Hwange Colliery Company Limited (HCCL), says its creditors have voted to form a scheme of arrangement saving the firm from judicial management. HCCL scheme chairperson, Andrew Lawson, last week said that out of the 80 creditors who attended the voting meeting, 95,...
Parly demands return of diamond miners 5 May 2017 HARARE - Zimbabwe's Parliament has asked President Robert Mugabe’s government to open up the diamond sector to private players, a development which might give hope to gem miners who were forcibly kicked out by Mines ministry last year. This comes as the government, which shut down private diam...
Zim pays Russians $5m for diamonds 4 May 2017 HARARE - Zimbabwe has paid $5 million-plus to buy out Russian-led miner DTZ-OZGEO for expropriating its diamond claims in Chimanimani. This also comes as parliament is cranking up pressure on President Robert Mugabe to re-open the Marange gem fields to independent players before year-end, as a...
Mugabe must revisit diamond industry 3 May 2017 HARARE - As Zimbabwe’s economy continues to suffer and cash shortages escalate to alarming levels, President Robert Mugabe must move swiftly to save the diamond industry, which was for long a source of cash for the economy before government decided to forcibly nationalise the industry. It is a...
Zimplats commits to Zim 2 May 2017 HARARE - Australia Stock Exchange-listed platinum producer, Zimplats, has vowed to remain in Zimbabwe despite threats by President Robert Mugabe’s government to seize more than half of the company’s land. This comes as other international mining giants such as Rio Tinto bowed out of the minera...
Court gives govt diamond miner ultimatum 27 April 2017 HARARE - The High Court has given the government-owned Zimbabwe Consolidated Diamond Company (ZCDC) an ultimatum to comply with an order stopping it from looting Grandwell Holdings (Grandwell)'s mining ore in the Chiadzwa mining fields. This comes after Grandwell, which owns 50 percent shareho...
Zimplats, govt in talks over land grab 27 April 2017 HARARE - Zimbabwe's largest platinum producer, Zimplats, says it is in discussions with government over an impending compulsory acquisition of 28 000 hectares of its land by the State. The Alex Mhembere-led platinum mining company yesterday said while government had already made moves to grab ...
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...