MINING & RETAIL

Govt ups efforts to boost gold output

THE Government will soon establish gold centres throughout the country as efforts to increase gold output to 100 tonnes per annum by 2023 gather momentum. This comes in the wake of reports that the co...

By Staff reporter | Published: 17 September 2018

BUSINESS NEWS

RBZ creating artificial money to fund gold exports

THE Reserve Bank of Zimbabwe (RBZ) plans to flood the banking system with more transferable balances created through real time gross settlement (RTGS) intended to support gold exporters in a desperate...

By Staff reporter | Published: 13 September 2018

MINING & RETAIL

Zimbabwe govt pledges support for largest gold miner

GOVERNMENT has made a commitment to provide the necessary facilitation to Zimbabwe's largest gold producer, Metallon Corporation, whose operations are being hampered by foreign currency shortages. The...

By Staff reporter | Published: 13 September 2018

MINING & RETAIL

Gold deliveries peak 24 tonnes in 7 months

THE country is poised to achieve its 30 tonnes gold production target for this year buoyed by the continued increase in deliveries of the yellow metal to Fidelity Printers and Refiners (FPR) by small-...

By Staff reporter | Published: 09 September 2018

MINING & RETAIL

Debts push Metallon Corporation to the brink

PROPERTY belonging to Zimbabwe's largest gold producer, Metallon Corporation, will be auctioned by the High Court to recover an estimated US$30 million owed to various creditors and workers, as the mi...

By Staff reporter | Published: 07 September 2018

MINING & RETAIL

4 injured in shooting at illegal gold mine

Police in Mashonaland East Province have arrested three security guards from Braising Security Company for shooting illegal gold miners at Arcturus Mine in Goromonzi over the week-end. The guards shot...

By Staff reporter | Published: 06 September 2018

MINING & RETAIL

Small-scale miners mainstay of gold production

Small-scale gold miners have been described as the mainstay of gold production in Zimbabwe and should be protected if the country's economy is to fully recover.The contribution of small-scale miners c...

By Staff reporter | Published: 27 July 2018

MINING & RETAIL

SA gold unions reject insulting wage increase proposals

Gold wage negotiations between producers, AngloGold Ashanti, Harmony, Sibanye-Stillwater and Village Main Reef, and representative unions, the Association of Mineworkers and Construction Union (AMCU),...

By Agencies | Published: 25 July 2018

MINING & RETAIL

Blanket Mine gold output stagnates

LONDON Stock Exchange-listed resources firm Caledonia Mining Corporation says gold output at its Zimbabwean unit, Blanket Mine, went up one percent to 25 582 ounces for the half year ended June 30, 20...

By Staff reporter | Published: 23 July 2018

Pickstone gold output up 10%

AIM-listed junior miner Vast Resources (Vast) says gold production at its Pickstone Peerless mine increased by 10 percent to 6,969 ounces in the quarter ended June 30, 2018 compared to 6,326 ounces re...

By Staff reporter | Published: 23 July 2018

BUSINESS NEWS

$5m gold, cash scandal suspects set free

THE $5 million gold and cash scandal, which rocked Zimbabwe about two weeks ago, is dead in the water amid indications that the five Indian suspects have been released along with their "loot".While po...

By Staff reporter | Published: 23 July 2018

BUSINESS NEWS

Chiwenga to open Gold Centre

BUBI Milling Centre Private Limited, one of the numerous Gold Service Centres earmarked to be set-up by Government as it moves to ensure the yellow metal from small-scale and artisanal miners is sold ...

By Staff reporter | Published: 22 July 2018

POLITICS

Gold war rocks Esigodini

EIGHT people were injured and four of them were hospitalised after they were attacked by machete-wielding artisanal miners in Esigodini during a three-day gold war that saw two alleged gold barons bei...

By Staff reporter | Published: 22 July 2018

MINING & RETAIL

Zimbabwe's gold output hits 10-year high

Gold output in Zimbabwe has generated close to a billion dollars in foreign currency receipts in the first six months of this year, the highest level in 10 years, thanks to higher production from smal...

By Staff reporter | Published: 17 July 2018

MINING & RETAIL

Cheers for small scale miners

GOVERNMENT has finalised effecting amendments to the Mines and Minerals Amendment Bill, which will see small scale miners getting recognition at law, as Government steps up efforts to grow the sector ...

By Staff reporter | Published: 15 July 2018

BUSINESS NEWS

Economy glitters as gold rakes in $715m

Zimbabwe'S economy has continued on a solid upward trajectory since the beginning of the year, with exports rising 23 percent in the January to June period led by gold shipments, which earned more tha...

By Staff reporter | Published: 15 July 2018

MINING & RETAIL

Blanket Mine produces 12,567 ounces of gold

AIM-LISTED Caledonia Mining Corporation has produced approximately 12,657 ounces of gold at its Blanket Mine subsidiary in Gwanda during the second quarter ended 30 June 2018 compared to 12,924 ounces...

By Staff reporter | Published: 13 July 2018

BUSINESS NEWS

$4m, 98kg gold haul probe still on

Police have intensified investigations into a case in which they raided a Harare company following a tip-off last Thursday and recovered US$4 million in cash and 98 kilogrammes of gold stashed in suit...

By Staff reporter | Published: 10 July 2018

BUSINESS NEWS

5 arrested in $4 million, 98kg gold haul

POLICE raided a Harare house following a tip-off on Thursday and recovered US$4 million in cash and 98 kilogrammes of gold stashed in suitcases. National police spokesman Chief Superintendent Paul Nya...

By Staff reporter | Published: 07 July 2018

MINING & RETAIL

Falgold pins hopes on industry reforms

Zimbabwe Stock Exchange listed gold producer Falcon Gold says the local gold production industry could grow significantly if government effects reforms on the tariff and tax regime. The country's mini...

By Staff reporter | Published: 05 July 2018

MINING & RETAIL

Prolonged job action cripples Falgold operations

LISTED mining group, Falcon Gold (Falgold) Zimbabwe, says its operations in the half year ended March 31, 2018 have been largely affected by a strike which lasted for three months at its Golden Quarry...

By Staff reporter | Published: 05 July 2018

MINING & RETAIL

Falgold narrows loss

Zimbabwe Stock Exchange-listed gold producer, Falcon Gold (Falgold), has narrowed its losses to $1,68 million in the half year to March 31, 2018 compared to $2,4 million in the same period last year.H...

By Staff reporter | Published: 02 July 2018

MINING & RETAIL

Eureka Gold Mine went cheap, says UK firm

The acquisition of the Eureka Gold Mine by global mining group, Vast Resources' was an "exceptionally cheap acquisition", according to a United Kingdom-based independent research company, Equity Devel...

By Staff reporter | Published: 29 June 2018

MINING & RETAIL

Zimbabwe to treble gold output

Zimbabwe will treble gold output to 100 tonnes in 12 years on the back of recapitalisation in the gold sector, the Chamber of Mines has said.Gold output is projected at 30 tonnes this year after the i...

By Staff reporter | Published: 28 June 2018

MINING & RETAIL

Zimbabwe gold production up

Zimbabwe's gold production is on an upward trend with 2.2 tonnes coming from small-scale miners whilst 1.2 tonnes coming from large-scale miners to give a total output of 3.4 tonnes for the month of M...

By Staff reporter | Published: 27 June 2018
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