MINING & RETAIL

Bulawayo gold panners turn Cecil Pit into crime zone

The Zimbabwe School of Mines (ZSM) has issued a serious security alert to its students and staff, warning them to exercise extreme caution following a surge in illegal gold panning activities near the...

By Staff reporter | Published: 14 May 2025

MINING & RETAIL

Gold sinks as trade talks, easing tensions impact haven demand

Gold fell as its haven status was impacted by signs of progress in trade talks between the US and China, along with some relief to geopolitical tensions.Bullion fell as much as 1,8 percent in early tr...

By Staff reporter | Published: 13 May 2025

MINING & RETAIL

Zimbabwe gold deliveries surge 63% in April

Zimbabwe recorded a significant jump in gold deliveries in April 2025, with more than 3.8 tonnes of the precious metal delivered to Fidelity Gold Refinery - a 63% increase from the 2.3 tonnes recorded...

By Staff reporter | Published: 12 May 2025

MINING & RETAIL

Zimbabwe in massive gold mop up

The Zimbabwean government has launched an aggressive campaign to meet its 2025 gold delivery target of 40 tonnes, amid a global price surge that has seen the value of gold skyrocket to US$3,322.93 per...

By Staff reporter | Published: 11 May 2025

MINING & RETAIL

Chitando bemoans gold smuggling

Mines and Mining Development Minister Winston Chitando has raised alarm over the persistent threat of gold smuggling and other illicit activities, warning that Zimbabwe could be losing up to 40% of it...

By Staff reporter | Published: 09 May 2025

MINING & RETAIL

Kuvimba sets aside US$54m Capex for gold cluster

Kuvimba Mining House (KMH) has announced a substantial US$54 million capital expenditure (Capex) for its gold cluster in the financial year to March 2026, as part of its ongoing efforts to enhance ope...

By Staff reporter | Published: 08 May 2025

MINING & RETAIL

Zimbabwe records 62,5% rise in gold deliveries

Zimbabwe's gold sector continues to perform exceptionally well, with April 2025 gold deliveries reaching a remarkable 3.9 tonnes, marking a 62.5% increase from the 2.4 tonnes recorded during the same ...

By Staff reporter | Published: 08 May 2025

BUSINESS NEWS

Court orders company to refund US$552,281 to Fidelity Gold Refinery

The High Court has ordered Curechem Overseas to refund US$552,281 to Fidelity Gold Refinery following a dispute over an agreement to supply small-scale miners with gold chemicals. The ruling comes aft...

By Staff reporter | Published: 24 April 2025

MINING & RETAIL

UK firm secures US$5m to fund gold mines in Zimbabwe

United Kingdom-based mining firm Kavango Resources Plc has secured a US$5 million interest-free funding facility from the Comarton Managed Pension Funds' Investments Consortium to accelerate its gold ...

By Staff reporter | Published: 24 April 2025

MINING & RETAIL

Caledonia Mine sets new gold production record

Caledonia Mining Corporation Plc, a Jersey-domiciled miner focused on Zimbabwe's gold sector, has reported a near 10% increase in gold production for the first quarter of 2025, with a total of 18,671 ...

By Staff reporter | Published: 16 April 2025

BUSINESS NEWS

Decriminalise gold possession: Miners

ZIMBABWE Miners Federation president Henrietta Rushwaya has called on government to re-align mining laws to decriminalise the possession of gold to increase production by artisanal miners.Speaking at ...

By Staff reporter | Published: 07 November 2019

BUSINESS NEWS

AMG boss proposes gold-backed Zimbabwe currency to RBZ

A leading South Africa precious metals dealer African Medallion Group (AMG) has proposed to the Reserve Bank of Zimbabwe (RBZ) the launch of a digital currency backed by physical gold, with an aim to ...

By Staff reporter | Published: 07 November 2019

MINING & RETAIL

Blanket Mine sets up oxygen plant, recoveries seen at 94%

As part of its investment plans to ramp up production, Canadian based mining firm Caledonia Mining has successfully installed and commissioned a new oxygen plant at its Blanket Mine which is expected ...

By Staff reporter | Published: 10 October 2019

MINING & RETAIL

Eureka Gold Mine targets re-opening by April 2021

Gold production at Eureka Mine in Guruve is expected to resume within the next 18 months with refurbishment and rehabilitation work progressing well.At its peak , Eureka Gold Mine was the country's pr...

By Staff reporter | Published: 02 October 2019

MINING & RETAIL

Caledonia eyes 75 000 ounces gold output

CALEDONIA Mining Corporation, which owns Blanket Mine in Matabeleland South province, targets to increase gold output to 75 000 ounces in 2021 as the mine has begun focusing on increasing output. &nbs...

By Staff reporter | Published: 27 September 2019

ZIMBABWE

Falgold suspension lifted as ZSE gains 8%

The ZSE's bullish run continued with an 8% rise, with three counters triggering the 20% circuit breaker mark. The session yielded 25 risers and zero fallers as small trades pushed strong gains in sele...

By Staff reporter | Published: 24 September 2019

MINING & RETAIL

Gold weighs on June exports

ZIMBABWE's exports fell 32 percent in June this year weighed down by reduced shipments of major mineral exports, latest statistics from the Reserve Bank of Zimbabwe (RBZ) show. The drop in exports cam...

By Staff reporter | Published: 24 September 2019

MINING & RETAIL

Falgold ceases gold production

Troubled mining group Falgold Zimbabwe published its delayed financial statements for the year ended 31 September 2018. During this period the group's net loss after tax widened by 609% to US$4.9 mill...

By Staff reporter | Published: 14 August 2019

MINING & RETAIL

Zimbabwe poised for gold boom

Zimbabwe is poised for a boom in gold production after Government announced that it will henceforth enforce a clause of the Mines and Minerals Act that gives the state the powers to forfeit mining tit...

By Staff reporter | Published: 12 July 2019

MINING & RETAIL

Police officers clash over lucrative Gokwe mine

There was drama when police from Nembudzia Police Station fought and disarmed their counterparts from the Criminal Investigations Department (CID) in Gokwe after they tried to arrest an officer implic...

By Staff reporter | Published: 01 July 2019

MINING & RETAIL

Mercury ban poser for Zimbabwe gold mines

Zimbabwe is racing against time to find effective and sustainable ways to eliminate the use of mercury, which is widely used by small miners in processing gold, in line with dictates of global treaty ...

By Staff reporter | Published: 14 June 2019

BUSINESS NEWS

RBZ rejects gold miners' demand

ZIMBABWE is not in a position to liberalise domestic gold marketing and buying as this will negatively affect the flow of foreign currency into the economy, Reserve Bank of Zimbabwe (RBZ) deputy gover...

By Staff reporter | Published: 11 June 2019

OPINION

How to start your own gold mining company

THE last article looked at the way one obtains a Prospecting Licence and gets to peg a mine. Today's article will look at starting your gold mining company. After considering all the requirements for ...

By Trynos Nkomo | Published: 05 May 2019

MINING & RETAIL

Gold mobilisation task force sent out

The Ministry of Mines and Mining Development has dispatched the Gold Mobilisation National Taskforce to the country's eight mining provinces in a bid to shore up deliveries to state buyer, Fidelity Pr...

By Staff reporter | Published: 02 May 2019

MINING & RETAIL

Miners urge Fidelity to review gold price

Small-scale gold producers in Masvingo province have welcomed the recent price increase of the yellow metal on the world market and pleaded with Fidelity Printers and Refiners (FPR) to localise the in...

By Staff reporter | Published: 29 April 2019
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