BUSINESS NEWS

US$300k gold processing plant launched in Shurugwi

MIDLANDS Provincial Affairs Minister, Owen Ncube, has officially launched a US$300,000 gold milling and processing centre in Shurugwi, aimed at promoting formal mining operations and supporting artisa...

By Staff reporter | Published: 6 hours ago

BUSINESS NEWS

Zimbabwe gold loans-to-deposit ratio rises

Zimbabwe Gold (ZiG) has seen its loans-to-deposit ratio (LDR) climb from 30 percent at its launch in April 2024 to 46 percent, the Reserve Bank of Zimbabwe (RBZ) reported, signalling growing adoption...

By Staff reporter | Published: 13 October 2025

MINING & RETAIL

Zimbabwe's mining sector sees gold surge

Zimbabwe's mining industry posted a mixed performance in 2025, with gold production surging while key minerals such as platinum, lithium, and nickel recorded significant declines, even as sector lead...

By Staff reporter | Published: 13 October 2025

BUSINESS NEWS

Gold mafia scandal case 'could collapse SA banks'

A landmark R4.8 billion lawsuit filed by the South African Revenue Service (Sars) against Sasfin Bank could expose financial institutions to "limitless liability" for their clients' misconduct, the b...

By Staff reporter | Published: 11 October 2025

BUSINESS NEWS

Illegal gold mining threatens Inyathi hospital

The Parliamentary Portfolio Committee on Health and Child Care has sounded the alarm over illegal gold mining activities taking place directly beneath Inyathi District Hospital, warning that the faci...

By Staff reporter | Published: 09 October 2025

MINING & RETAIL

Gold shatters $4,000 milestone

Gold surged past the $4,000 an ounce level for the first time on Wednesday, building on a record-breaking rally as broader geopolitical and economic uncertainty, as well as expectations of U.S. intere...

By Staff reporter | Published: 09 October 2025

BUSINESS NEWS

Zimbabwe gold deliveries surge 37%

Zimbabwe's gold deliveries have surged by 37 percent to 32.98 tonnes in the first nine months of 2025, according to the latest data from Fidelity Gold Refinery (FGR) - the country's sole gold buyer a...

By Staff reporter | Published: 09 October 2025

BUSINESS NEWS

85% of small-scale gold miners not registered

Zimbabwe could be losing billions of dollars annually as reports indicate that approximately 85% of artisanal and small-scale gold miners (ASM) are not registered.The country has over 1 million ASM op...

By Staff reporter | Published: 07 October 2025

BUSINESS NEWS

Investors cash in big on Mosi-oa-Tunya gold coins

Launched in July 2022, Zimbabwe's Mosi-oa-Tunya gold coin - named after Victoria Falls, "The Smoke That Thunders" - has rapidly become a symbol of financial empowerment, attracting both local and inte...

By Staff reporter | Published: 07 October 2025

BUSINESS NEWS

Parly committee raises alarm over gold incentives

The Parliamentary Portfolio Committee on Mines and Mining Development has sounded alarm over reports that some large-scale gold miners are manipulating payment models and incentives crafted to suppor...

By Staff reporter | Published: 06 October 2025

BUSINESS NEWS

Illegal gold mining halted in Bulawayo's affluent suburbs

Residents of Bulawayo's upscale suburbs, New Parklands and Mqabuko Heights, have received a reprieve following extensive illegal gold mining that plagued the communities for over a year. Miners had ...

By Staff reporter | Published: 04 October 2025

MINING & RETAIL

Zimbabwe gold prices move to 118.26 per gram

Zimbabwe's artisanal and small-scale gold miners are reaping major rewards after gold prices surged to US$118.26 per gram (3,678.64 per ounce), the highest level recorded in recent months.The price ra...

By Staff reporter | Published: 02 October 2025

MINING & RETAIL

Kavango discovers high-grade gold in Zimbabwe

Kavango Resources, a London-listed and Victoria Falls Stock Exchange-listed metals exploration and gold production company, has reported encouraging results from its latest surface drilling programme...

By Staff reporter | Published: 25 September 2025

BUSINESS NEWS

Gold panners threaten Mutare water source

Mutare City Council is weighing plans to deploy municipal police to safeguard the Nyakaunga River, one of the city's main water sources, amid growing threats from illegal gold panning.Speaking during ...

By Staff reporter | Published: 24 September 2025

BUSINESS NEWS

Kavango begins construction of gold plant

British miner Kavango Resources Plc has commenced construction of a 50-tonne-per-day (tpd) Carbon in Pulp (CIP) gold processing plant at its Bill's Luck Gold Mine in Zimbabwe, marking a key step towa...

By Staff reporter | Published: 17 September 2025

MINING & RETAIL

Gold prices hit record high

Zimbabwe's gold miners are celebrating as local gold prices hit record levels on 9 September 2025, according to the latest mining sector data.Fidelity Gold Refinery (FGR) reported a top rate of US$110...

By Staff reporter | Published: 10 September 2025

BUSINESS NEWS

Court clears Pam Golding in property dispute

The High Court has dismissed a lawsuit against real estate firm Pam Golding Properties, ruling that the company fulfilled its obligations under an agency agreement in a disputed property sale.Justice ...

By Staff reporter | Published: 08 September 2025

MINING & RETAIL

Zimbabwe's gold boom spurs laboratory expansion

Zimbabwe has witnessed a surge in gold mining exploration and production in recent months, driven by record-high gold prices that have made the metal increasingly attractive to investors and miners. ...

By Staff reporter | Published: 08 September 2025

BUSINESS NEWS

Govt revokes mining licence near school

The Government has cancelled the operating licence of a gold mining company that had been carrying out gold leaching activities near the newly built US$600,000 Globe and Phoenix Primary School in Kwek...

By Staff reporter | Published: 06 September 2025

BUSINESS NEWS

Record gold prices brighten Zimbabwe's trade outlook

Gold surged to a new all-time high on Tuesday, lifting Zimbabwe's economic prospects as the country continues to benefit from strong exports of the precious metal.Spot gold climbed 0,8 percent to a re...

By Staff reporter | Published: 03 September 2025

LANDS & AGRICULTURE

Zimbabwe's blueberries become 'blue gold'

Zimbabwe is cashing in as its blueberry exports surge, making the fruit a prized commodity in international markets from Singapore to Europe and the UK.Trade promotion body ZimTrade announced that Sin...

By Staff reporter | Published: 25 August 2025

BUSINESS NEWS

Zimbabwe's gold boom masked by environmental ruin

Zimbabwe's gold sector is experiencing one of its strongest rallies in years, but behind the production surge lies a darker reality of smuggling, lawlessness, and environmental collapse that threatens...

By Staff reporter | Published: 24 August 2025

ECONOMC INDICATORS

Gold edges up as traders await guidance

Gold edged higher as traders weighed the outlook for US monetary policy ahead of a key speech by Federal Reserve Chair Jerome Powell later this week.Bullion traded near US$3 330 an ounce as markets aw...

By Staff reporter | Published: 21 August 2025

POLITICS

Panners stone rival to death over stolen gold ore

Two illegal gold panners from Filabusi have been arrested after allegedly killing a fellow miner in a violent dispute over stolen gold ore.Melusi Dube, 28, and Ntuthuko Moyo, 31, appeared before Gwa...

By Staff reporter | Published: 19 August 2025

MINING & RETAIL

Small-scale miners lead Zimbabwe's gold deliveries

Small-scale miners have emerged as the driving force behind Zimbabwe's gold output in the first half of 2025, delivering the bulk of the 24.32 tonnes processed during this period.According to data fr...

By Staff reporter | Published: 16 August 2025
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