Articles tagged 'zmdc'

Diamond production down 6pc 9 June 2017 HARARE - Diamond production in Zimbabwe fell 6 percent in the first quarter after government took possession of all diamond operations ostensibly because previous miners had robbed the country of its wealth. During the first quarter of 2017, total diamond output stood at 567 024 carats, 6 perc...
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 mechanic up for fraud 4 February 2017 MUTARE - A Zimbabwe Consolidated Diamond Company (ZCDC) consultant diesel plant fitter has appeared before a magistrate here over the theft of $6 600 worth of equipment from the Marange diamond mine workshop. Kudakwashe Dangirwa, 32, of Hatfield, Harare, denied the charges when he appeared bef...
ZMDC warned against eviction of villagers 3 December 2016 MUTARE - Nine livid human rights groups have warned Mutare's district administrator against allowing Zimbabwe Consolidated Diamond Company (ZMDC)'s arbitrary relocation of 26 Chiadzwa families to pave way for mining operations. The rights groups threatened to sue the DA Edgars Seenza in his pe...
Zim problems mount over Amari wrangle 21 September 2015 HARARE - The long-drawn and acrimonious dispute between cash-strapped government mining investment company, the Zimbabwe Mining Development Corporation (ZMDC), and Amari Holdings — over compensation for a lost concession by the Mauritian mining company — is getting more ominous for Zimbabwe. A...
ZMDC seeks $500 000 bailout 20 August 2015 HARARE - State-owned mining investment vehicle, Zimbabwe Mining Development Corporation (ZMDC) is looking for a half-a-million dollar bailout package from local banks to capitalise operations, the group said. In a response to queries raised by the auditor and comptroller general, Mildred Chiri...
More Zim assets face seizure abroad 17 July 2015 HARARE - Zimbabwe faces more economic woes, including having its assets abroad seized, after cash-strapped State mining company, Zimbabwe Mining Development Corporation (ZMDC), lost the latest instalment of a long-drawn legal case, at the centre of which is compensation for a lost concession by M...
New investor for Kamativi mine 22 May 2015 HARARE - The Zimbabwe Mining Development Corporation (ZMDC) has secured a foreign investor willing to inject $100 million in capital to revive the defunct Kamativi tin mine (Kamativi), deputy Mines minister Fred Moyo has said. Moyo told Parliament on Wednesday that Kamativi — which has been cl...
Fidelity, ZMDC in gold venture 17 February 2015 HARARE - Reserve Bank of Zimbabwe (RBZ) subsidiary Fidelity Printers and Refiners (Fidelity) is set to partner the Zimbabwe Mining Development Corporation (ZMDC) in the establishment of a gold mining venture. John Mangudya, RBZ governor, said the two will explore easily accessible or “low hang...
Govt seeks investors in diamond exploration 9 November 2014 HARARE - The Zimbabwe Mining Development Corporation (ZMDC) says the country must attract investors into exploration of new diamond reserves. David Murangari, the Corporation’s chairman, said the measure was critical in increasing government’s revenue and employment creation. “The challenge...
Judge warns minister 5 August 2014 HARARE - High Court Judge Chinembiri Bhunu yesterday warned Transport minister Obert Mpofu against being “sarcastic”, and warned him to take court proceedings seriously. Justice Bhunu said this during Mpofu's cross-examination in the on-going trial of Core Mining and Minerals (Private) Limited...
'Mpofu lied to Mugabe' 31 July 2014 HARARE -  Lovemore Kurotwi's lawyer Beatrice Mtetwa yesterday accused Transport minister Obert Mpofu of misrepresenting facts to President Robert Mugabe about a joint venture diamond mining deal that led to the arrest of her client. Kurotwi, who is Core Mining and Minerals (Private) Limited di...
Lawyer grills Minister Mpofu 30 July 2014 HARARE - Top Harare lawyer Beatrice Mtetwa yesterday roasted former Mines minister Obert Mpofu and accused him of breaching the law by dissolving the Zimbabwe Mining Development Corporation (ZMDC) and illegally running the parastatal. Mtetwa said this while cross examining Mpofu, who is now th...
Minister Mpofu refutes $10m bribery claim 29 July 2014 HARARE - Obert Mpofu, the Transport minister, has denied claims that he demanded a $10 million bribe to facilitate a joint venture agreement between the Zimbabwe Mining Development Corporation (ZMDC) and Lovemore Kurotwi's Core Mining and Minerals (Private) Limited. The former Mines minister y...
Mpofu fails to testify 24 July 2014 HARARE - Former Mines minister Obert Mpofu failed to testify in Lovemore Kurotwi’s $2 billion fraud case yesterday, after the court said the State should first table its findings from an inspection-in-loco conducted in South Africa. Kurotwi, the Core Mining and Minerals (Private) Limited direc...
Minister to testify in $2bn fraud case 23 July 2014 HARARE - Former Mines minister Obert Mpofu is today expected to testify in the ongoing trial of Core Mining and Minerals (Private) Limited director Lovemore Kurotwi, accused of defrauding the government of $2 billion. The matter was postponed two weeks ago to allow chief law officer Chris Muta...
ZMDC mulls oxide ore mining 14 July 2014 HARARE - The Zimbabwe Mining Development Corporation (ZMDC) is considering undertaking feasibility studies to ascertain the viability of open cast oxide ore mining at its Zvishavane-based Sabi Gold Mine at an undisclosed cost. “The mine also has got oxide ore which can be mined by open pit and...
ZMDC seeks $30m to revive gold mines 8 July 2014 HARARE - The Zimbabwe Mining Development Corporation (ZMDC) is seeking $30 million to resuscitate its gold mining operations. Wilson Chinzou, the ZMDC acting-general manager told the Mines and Energy parliamentary portfolio committee yesterday that the company's priority was Sabi Gold Mine (Sa...
Masimirembwa bounces back 12 June 2014 HARARE - Godwills Masimirembwa, the former chairperson of the Zimbabwe Mining Development Corporation (Zmdc), has been appointed chairperson of the Central Mechanical Equipment Department (Cmed) board. Obert Mpofu, the Transport and Infrastructural Development minister, announced yesterday tha...
Dantor brought Ghanaian investors 26 February 2014 HARARE - Dantor Investments (Private) Limited (Dantor), a company allegedly accused of riding on ex-Zimbabwe Mining Development Corporation (ZMDC) chairperson Goodwills Masimirembwa’s coattails, was actually the one which brought Ghanaian investor William Atto Essien to Zimbabwe. This comes as...
Mugabe's shock U-turn: The real story 25 February 2014 HARARE - President Robert Mugabe's stinging remarks that ex-Zimbabwe Mining Development Corporation (ZMDC) chairman Godwills Masimirembwa had solicited for a $6 million bribe allegedly fell apart after a police probe exposed numerous inconsistencies in the Ghanaian investor's story, the Daily New...
Exercise caution when dealing with corruption 24 February 2014 HARARE - PRESIDENT Robert Mugabe’s volte face in exonerating former Zimbabwe Mining Development Corporation (ZMDC) chairperson Godwills Masimirembwa for allegedly soliciting a $6 million bribe from Ghanaian investors in the Gye Nyame Resources (GNR) diamond concession was telling. It was telli...
Mugabe under fire 23 February 2014 HARARE - President Robert Mugabe has come under blistering attack from anti-graft campaigners and analysts for failing to do his homework after publicly lynching  former Zimbabwe Mining Development Corporation (ZMDC) chairperson Godwills Masimirembwa when he was innocent. This comes in the wak...
Mugabe's embarassing U-turn 21 February 2014 HARARE - In a major and embarrassing U-turn, President Robert Mugabe has exonerated former Zimbabwe Mining Development Corporation (ZMDC) chairperson Godwills Masimirembwa for allegedly soliciting a $6 million bribe from Ghanaian investors in the Gye Nyame Resources (GNR) diamond concession. T...
Gvt to cancel Gye Nyame agreement 12 December 2013 HARARE - President Robert Mugabe's government has resolved to cancel the Gye Nyame Resources (GNR) joint venture agreement with William Ato Essien's company after a series of external audits have exposed the Ghanaian investor's “irretrivable failure and neglect of his obligations”. Although Mi...