HARARE, January 22 (The Source) – Shabanie and Mashava Mine Holdings (SMM) is seeking a partner to rehabilitate and process dumps as part of plans to restart operations.
HARARE, January 9 (The Source) – Government has secured a $150 million facility to revive three gold mines run by its Zimbabwe Mining Development Corporation (ZMDC), an official said on Tuesday.
HARARE, July 20 (The Source) – Zimbabwe’s President Robert Mugabe has gone to court to force world number two platinum miner Implats’ local unit to give up nearly 28,000 hectares of ground, triggering an inevitable sense of déjà vu after previous release of mineral claims… Read More
HARARE, September 9 (The Source) – Zimbabwe Mining Development Corporation (ZMDC), the state-owned mining investment vehicle, registered a 32 percent fall in after tax profit to $67 million in the full-year to December 2012 compared to $98,5 million in 2011 due to start-up costs of… Read More
By Bernard Mpofu, HARARE, March 12 (The Source) – Zimbabwe will bring all diamond mining operations in the country under one firm in which the state will have a 50 percent shareholding, mines minister Walter Chidhakwa announced on Thursday, adding that the miners have until… Read More
By Chipo Musoko, HARARE, January 26 (The Source) – State-owned mining investment vehicle, Zimbabwe Mining Development Corporation (ZMDC) says it has secured foreign investors to inject capital into its three gold mines and expects to conclude two deals next month. ZMDC which owns Elvington, Jena… Read More
By Chipo Musoko, HARARE, December 17 (The Source) – Troubled Sabi Gold Mine, a subsidiary of the state-owned mining investment vehicle, Zimbabwe Mining Development Corporation (ZMDC) has sold off its dumps and will receive a deposit $10 million once creditors approve the disposal, the High… Read More
By Chipo Musoko, HARARE, December 3 (The Source) – Defunct diamond mine, Gye Nyame Resources is set to get a fresh capital injection of $20 million from a potential investor while creditors are expected to vote to defer their payment pending recapitalisation of the mine,… Read More
By Bernard Mpofu, November 24 (The Source) – State-owned mining investment vehicle, Zimbabwe Mining Development Corporation (ZMDC) is seeking $54 million to restart its three mothballed gold mines, a report by a British trade mission has shown. ZMDC acting general manager, Wilson Chinzou told the… Read More
By Bernard Mpofu, October 24 (The Source) – The state owned diamond miner, Marange Resources owes the tax collector $3,7 million from 2010 while government has no board representation in two Chiadzwa diamond mines despite holding a significant stake in both, the latest Auditor-General’s report has… Read More
By Chipo Musoko, HARARE, October 17 (The Source) – Anjin Diamond Mine workers in Chiadzwa on Friday downed tools demanding to be paid the balance of last month’s salaries, amid reports that the company, which claimed to have become the world’s largest just three years… Read More
HARARE, September 17 (The Source) – Zimbabwe will hold local diamond sales in November as the country has taken notes on how to successfully conduct the auctions from other trading centres in the world, Mines Minister Walter Chidhakwa said on Wednesday. Zimbabwe has conducted four… Read More
HARARE, July 7 (The Source) – State-owned mining company, Zimbabwe Mining Development Corporation (ZMDC), requires nearly $30 million to resuscitate operations at its three gold mines that have been recording losses since 2009, Parliament heard on Monday. The company has been running three mines –… Read More
By Chipo Musoko, HARARE, June 25 (The Source) – Diamonds worth an unspecified value belonging to closed diamond mine Gye Nyame Resources have gone missing, the firm’s judicial manager told the High Court on Wednesday. Non-governmental organisations have claimed that Zimbabwe has lost billions of… Read More
HARARE, May 14 (The Source) – The recently appointed board for the Zimbabwe Mining Development Corporation has been tasked to reopen mothballed mines, minister Walter Chidhakwa said on Wednesday, accusing the old board of ‘improper interactions’ with potential investors. Responding to questions in Parliament, Chidhakwa… Read More