BULAWAYO, July 19 (The Source) — Zimbabwe is planning to release one million hectares of protected land to small-scale gold miners across the country to boost production, Mines and Development deputy minister, Fred Moyo has said, a development that threatens wildlife areas.
HARARE, July 19 (The Source) – Small-scale miners have raised concerns over poor chrome prices offered by state-owned, entities Minerals Marketing Corporation of Zimbabwe (MMCZ) and Applebridge, which they say are not in line with international market prices.
HARARE, June 30 (The Source) – Hwange Colliery says it will resume underground mining of high value coking coal in October, and expects to start trading profitably from July. Shareholders in May approved a scheme of arrangement to stagger debt repayments, saving the company from going… Read More
HARARE, June 30 (The Source) – Bindura Nickel Corporation (BNC) recorded a 7 percent increase in revenue to $45,1 million in the full year to March from $42,3 million in the prior year, on increased production and sales volumes despite a fall in nickel prices.… Read More
HARARE, June 29 (The Source) – Struggling miner, Falcon Gold says its net loss for the six months to March has grown $2,42 million, from $351,186 recorded in the comparable period last year after a fall in revenue and higher operating costs. Revenue declined by… Read More
HARARE, June 22 (The Source) – Zimbabwe expects to produce 2,5 million carats of diamonds this year after acquiring equipment for its state-owned Zimbabwe Consolidated Diamond Company but legal challenges remain over its move to nationalise diamonds fields in the east of the country. President… Read More
By Ruth Ngwenya, VICTORIA FALLS, June 8 (The Source) – Coal miner Makomo Resources says production at its Hwange mine is recovering after a slow start to the year, with May output at 140,000 tonnes, from 130,000 tonnes in April. At its peak, Makomo’s monthly… Read More
BULAWAYO, May 23 (The Source) – London-listed junior miner Vast Resources has postponed the conclusion of the sale of nearly 50 percent of its shares at its Zimbabwe operations citing delays in approval of the transaction by the Reserve Bank of Zimbabwe. Vast Resources, which… Read More
HARARE, May 20 (The Source) – Zimbabwe says it could repossess unused mining claims from large companies and redistribute them to small-scale miners in a bid to increase mineral output. Mining plays a critical role in the southern African nation, accounting for 60 percent of… Read More
HARARE, May 19 (The Source) – Zimbabwe’s mineral exports increased 27 percent to $852,6 million in the period January to May 12, up from $668.5 million during the same period last year on the back of increased output and firming international prices, a central bank… Read More
VICTORIA FALLS, May 19 (The Source) – Mines minister Walter Chidhakwa on Friday apologised to platinum miners for announcing a $200 million refinery deal with Australia’s Kelltech Ltd without consulting them, reflecting the industry’s unease at government’s latest move that undercuts its efforts to build… Read More
By Gilbert Makore, May 19 (The Source) – News came out on Wednesday that Zimbabwe signed a deal with Australia’s Kelltech Ltd for the construction of a platinum refinery at a cost of $200 million. This comes on the back of efforts to get platinum… Read More
BULAWAYO, May 4 (The Source) – Hwange Colliery’s creditors have voted to approve a Scheme of Arrangement that will stagger debt repayments, saving the company from going under judicial management, officials said on Thursday. The structured payment plan will stop its equipment being auctioned off… Read More
BULAWAYO, April 27 (The Source) – Government is in the process of amending the indigenisation policy, which will see all mining companies compelled to spend 75 percent of their gross revenue locally, mines minister, Walter Chidakwa said on Thursday. President Robert Mugabe called for 75… Read More
HARARE, April 24 (The Source) – Government has set up a $18 million facility to capacitate three Bulawayo companies to produce mining equipment, Industry and Commerce Minister Mike Bimha said on Monday. Bimha told journalists on Monday the three firms must have the capacity to… Read More