EU takes ZMDC off sanctions list

HARARE, September 17 (The Source) – The European Union has agreed to lift sanctions on the Zimbabwe Mining Development Corporation (ZMDC), which would allow it to sell its diamonds in Europe, Reuters reported on Tuesday, citing the EU. The EU had already “begun the process… Read More

Call for law to plug diamond leakages

By Chipo Musoko, HARARE, September 11 (The Source) – Stakeholders in the mining industry have urged the government to come up with legislation to plug leakages that are rampant in the diamond sector. Addressing local and regional delegates attending an ‘Alternative Mining Indaba,’ Zimbabwe Environmental Law… Read More

Russian company to prospect for gold in Mazowe

By Chipo Musoko, HARARE, September 6 (The Source) – Monita Minerals, a joint venture  between Russian and local investors will next month begin exploration of alluvial gold in Mazowe once an environmental impact assessment has been completed, a company official said on Friday. The project coordinator,… Read More

Bindura Nickel’s cash flow set to improve

HARARE, September 5 (The Source) – The Zimbabwe Stock Exchange-listed mining concern, Bindura Nickel Corporation’s (BNC) cash flow is set to improve following improved production at its Trojan mine, holding company Mwana Africa said in a statement on Thursday. BNC resumed operations last year after… Read More

Falcon Gold considers shutting down mines

By Chipo Musoko, HARARE, Sept 5 (The Source) – Falcon Gold may permanently shut down its remaining mines in the country due to viability challenges and uncertainty surrounding implementation of the empowerment law, the company said on Thursday. In a statement to shareholders, the gold… Read More