Govt sets up gold buying centres

HARARE, February 13 (The Source) – Government has started setting up gold buying centres countrywide to tap into the production of the country’s estimated 1.3 million artisanal miners, the mines minister told Senate on Thursday. “We agreed on the establishment of service centres and will… Read More

New Dawn wins pay-cut case

SHURUGWI, February 11 (The Source) – New Dawn Mining has won a pay cut dispute with workers at its Golden Quarry gold mine after an arbitrator ruled in the firm’s favour. Gold miners have struggled to sustain their operations in the face of rising costs… Read More

Zimasco to retrench 1,500

KWEKWE, February 7 (The Source) – Ferrochrome producer Zimbabwe Mining and Smelting Company (Zimasco) says it will retrench half of its 3,000 workforce, citing poor metal prices and the need to contain operational costs. “Zimasco continues to pursue various cost cutting initiatives in all its… Read More

Mimosa seeks closure on indigenization deal

BULAWAYO, February 7 (The Source) – Aquarius Platinum, which jointly owns Mimosa Mines with Impala Platinum, is talking to the new Minister of Indigenization Francis Nhema on its indigenisation deal, amid indications that government wants to radically alter terms. In December 2012, Mimosa concluded a… Read More