MINING & RETAIL

Zim to reopen closed mines, says Hungwe

Government is working hard to reopen some closed mines, with Mhangura Copper Mines being one of those targeted under the programme, Zanu-PF national secretary for labour Josiah Hungwe has said. Addres...

By Staff reporter | Published: 10 July 2018

BUSINESS NEWS

Major mines shunning local products

LESS than $400 million of at least $2 billion generated by major miners is being channelled into the procurement of domestic products, a Buy Zimbabwe executive said last week.The buy local campaigner'...

By Staff reporter | Published: 22 June 2018

BUSINESS NEWS

Parly demands forensic audit on diamond mines

OUTGOING Parliamentarians have recommended that Government immediately carries out a forensic audit on all diamond companies that were operating in Marange after a number of irregularities were noted ...

By Staff reporter | Published: 13 June 2018

FINANCIAL SERVICES

Stanbic pours $164 million into mines

STANBIC Bank Zimbabwe has invested $164 million over the past 12 months to fund the working capital needs of the mining industry at a time the economy is battling foreign currency supply gaps.The figu...

By Staff reporter | Published: 08 June 2018

MINING & RETAIL

Investors inundate ZMDC over 6 mines

At least 151 investors have formerly expressed interest to invest in six mines owned by the Zimbabwe Mining Development Corporation (ZMDC) after the state company sent out adverts for expressions of i...

By Staff reporter | Published: 01 June 2018

MINING & RETAIL

'Mines not opposed to ZSE listing'

Mining firms in Zimbabwe are not opposed to proposals to list their stock on the Zimbabwe Stock Exchange (ZSE), but have stayed away because the bourse is currently 'too thin' to mobilise the kind of ...

By Staff reporter | Published: 28 May 2018

MINING & RETAIL

ENR courts lithium mines

KADOMA-based base metals processor, Empress Nickel Refinery (ENR), says it is eying huge opportunities for toll processing that has emerged in Zimbabwe's new lithium mines.Lithium has emerged as one o...

By Staff reporter | Published: 24 May 2018

Mines requires $11 billion

The country's mining industry requires about $11 billion to ramp up production and sustain operations in the next five  years, the Chamber of Mines of Zimbabwe (CoMZ) said last week, as it projec...

By Staff rpeorter | Published: 24 May 2018

MINING & RETAIL

'Mines need $11 billion investment to modernise'

ZIMBABWE needs up to $11 billion to modernise its mines and boost production to maximum capacity over the next five years, the head of the country's Chamber of Mines said last Friday.Foreign investor ...

By Reuters | Published: 21 May 2018

EDUCATION

School of Mines chief executive sent on forced leave

THE Zimbabwe School of Mines (ZSM) chief executive officer, Tusai Dzingirai, has been sent on three months forced leave to pave way for investigations into allegations levelled against him by student...

By Staff reporter | Published: 08 May 2018

BUSINESS NEWS

ZMDC seeks partners to revive key mines

THE Zimbabwe Mining Development Corporation (ZMDC) is seeking joint venture partnerships to resuscitate its defunct gold and graphite mines across the country.ZMDC acting general manager Mr Garikayi C...

By Staff reporter | Published: 06 May 2018

BUSINESS NEWS

ZMDC seeks partners to revive key mines

THE Zimbabwe Mining Development Corporation (ZMDC) is seeking joint venture partnerships to resuscitate its defunct gold and graphite mines across the country.ZMDC acting general manager Mr Garikayi C...

By Staff reporter | Published: 03 May 2018

MINING & RETAIL

Zimbabwe to overhaul Mines Bill

Zimbabwe is moving to strike off a provision in its Mineral and Mining Bill compelling foreign-owned mining companies operating in the country to list the majority of their shares on the local stock e...

By Staff reporter | Published: 26 April 2018

MINING & RETAIL

Zim backtracks on mines listing requirement

Zimbabwe will drop a requirement that mining companies must list on the local stock exchange from a new mining act, Foreign minister Sibusiso Moyo said on Monday. Industry lobby group, the Chamber of ...

By Staff reporter | Published: 25 April 2018

BUSINESS NEWS

Zim drops proposal forcing mines to list on ZSE

THE government has ditched new proposals which would compel mining companies to list on the Zimbabwe Stock Exchange (ZSE), a cabinet minister revealed MondayThe proposal is contained in the new mining...

By Staff reporter | Published: 24 April 2018

BUSINESS NEWS

'Police grabbed army mines Mafia style'

DEFENCE secretary Martin Rushwaya yesterday claimed the Zimbabwe Defence Forces' diamond mining claims in Chiadzwa were grabbed by police in a "Mafia style" after the government ordered all miners to ...

By Staff reporter | Published: 20 April 2018

BUSINESS NEWS

School of Mines students block CEO

STRIKING students at the Zimbabwe School of Mines (ZSM) yesterday blocked the college's chief executive officer Dzingai Tusai from entering the premises and demanded to be addressed by board members.T...

By Staff reporter | Published: 18 April 2018

POLITICS

Mohadi to appear before Mines Parly committee

MORE bigwigs are expected to appear before the Parliamentary Portfolio Committee on Mines and Energy today with Vice President Kembo Mohadi being the most senior as the probe into the leakage of $15 b...

By Staff reporter | Published: 13 April 2018

BUSINESS NEWS

Zimbabwe to compel mines to list on the ZSE

ZIMBABWE may soon adopt legislation to compel mining firms with mining rights or title in the country to list the majority of their shares on the domestic stock market to foster accountability and ena...

By Staff reporter | Published: 25 March 2018

MINING & RETAIL

'Expedite Mines, Minerals Amendment Act'

With improved investment interest into the country in recent months, the mining industry remains one of the most sort-after sectors earmarked to speed the country's economic revival, but stalling in t...

By Staff reporter | Published: 16 March 2018

BUSINESS NEWS

Zim gives mines, farmers 6 months to clear Zesa bills

Zimbabwe's state-owned electricity distributor has given businesses, including mines and large-scale farms, six months to clear their bills or risk being cut off and face litigation, the company said ...

By Reuters | Published: 12 March 2018

BUSINESS NEWS

ZSE sucked into mines wrangle

The move by Asa Resources, led by its flagship Freda Rebecca, to apply for voluntary judicial management was part of a deliberate strategy to ward off continued asset stripping and an impending hostil...

By Staff reporter | Published: 02 March 2018

MINING & RETAIL

New mines law ready by end of March

Mines Minister Winston Chitando says government it will finalize the Mines and Minerals Amendment Bill into an Act by the end of March this year, with former Mines Minister Walter Chidhakwa partly bla...

By Staff reporter | Published: 09 February 2018

MINING & RETAIL

ZMDC to reopen idle mines

THE Zimbabwe Mining Development Corporation is inviting tenders from private partners as it seeks to reopen at least six mines that had been lying idle for several years due to a number of factors, ch...

By Staff reporter | Published: 04 February 2018

MINING & RETAIL

Zim government in mine firesale

ZIMBABWE'S government will relinquish absolute control of its vast but under-utilised mining assets,  which have chronically underperformed due to under-capitalisation and mismanagement.In a call...

By Staff reporter | Published: 01 February 2018
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