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

Hwange colliery workers in brief sit-in

VICTORIA FALLS, August 27, (The Source) – Coal miner Hwange Colliery’s workers downed tools overnight but quickly reached a compromise with management over outstanding salaries. The workers, from the open pit division, have not been paid for the past four months, and about 200 workers… Read More

RioZim posts $2.3 million loss

By Chipo Musoko, HARARE, August 7 (The Source) – Zimbabwe Stock Exchange-listed mining concern, RioZim has posted a $2.3 million loss for the half-year ended 30 June 2013, an improvement on the $4.9 million loss recorded last year on the back of high interest costs… Read More