Featured Creator
Memory Mataranyika
Hwange Colliery limps through 2019 promising higher production rates, again
TOTAL liabilities for Hwange Colliery Company (HCC) in Zimbabwe exceed assets by $19m, casting uncertainty on the ability of the coal miner – currently under judicial management…
RioZim latest Zimbabwe firm to have numbers delayed in compliance snarl-up
RIOZIM is the latest Zimbabwean company to delay the publication of its financial results owing to a revamp in the country’s foreign exchange rate regime which has seen a number…
Amplats to unveil $62m Unki smelter amid unresolved regulatory issues in Zimbabwe
ANGLO American Platinum (Amplats) will officially unveil a $62m smelter development at Unki, a mine in Zimbabwe, on Thursday despite contending with “outstanding” regulatory and…
Curtain falls on Mzi Khumalo’s Zimbabwe gold exploits as files for judicial protection
THE curtain has fallen on South African mining entrepreneur, Mzi Khumalo’s Zimbabwean gold mining exploits after Metallon Corporation subsidiaries, Mazowe Mining Company and…
De Beers left out in cold as Zimbabwe awards diamond licences to Chinese, Russian firms
ZIMBABWE has licensed two diamond companies from China and Russia as the only foreign firms allowed to explore and mine for diamonds in the country after approving its Zimbabwe…
Zimbabwe Govt. tightens grip over diamond production with new ownership policy
THE Zimbabwean government has tightened its grip over the country’s diamond sector, approving a policy that entitles it to a 46% stake in all diamond mining firms whilst also…
RioZim mothballs mines as Zimbabwe’s foreign exchange crisis intensifies
ZIMBABWE gold producer, RioZim, has halted operations at three of its mines in the country after running out of foreign exchange to pay its suppliers and to sustain operations.…
RioZim to sue Zimbabwe Reserve Bank for loss of forex earnings
RIOZIM is taking legal action against the Reserve Bank of Zimbabwe (RBZ) for failure to have access to foreign currency earnings realised from the sale of bullion it produces.…
Foreign exchange shortages crippling Zimbabwe precious metal miners
FOREIGN exchange restrictions via a government directive to control 85% of receipts were hammering precious metals miners in Zimbabwe, said executives at platinum group metal…
Tax smacks Zimplats profit, but continues to study growth options
A MASSIVE increase in tax payments weighed on Zimplats’ profits, a business unit of Johannesburg-listed Impala Platinum (Implats), however, the firm’s CEO, Alex Mhembere, said…
Pressure on Zimbabwe’s Mnangagwa to deliver on election promises
INVESTORS in Zimbabwe’s mining sector, including Impala Platinum (Implats), want President Emmerson Mnangagwa’s new administration to be consistent on the country’s economic…
Zimbabwe’s Bindura Nickel sounds alarm on going concern status
THE board chairman of Bindura Nickel Corporation (BNC) said the mining company’s going concern status was in doubt as its current liabilities exceed current assets by $4.7m. This…
Zimbabwe gives January deadline to use or lose mineral title
ZIMBABWE gold and platinum miners could lose mining titles starting in January if they do not work on them or start investing in building mines, the country’s mines minister,…
Lift in Zimbabwe assures Caledonia’s Blanket of $4m rights offer
ZIMBABWE gold mining firm, Caledonia Mining, unveiled a $4m rights offer with the proceeds earmarked for the expansion of its Blanket gold mine, an operation that lifted…
Zimbabwe flatters to deceive as reform doesn’t extend to mining
ZIMBABWE’S new cabinet has retained the controversial 51% indigenisation thresholds for foreign diamond and platinum miners, but it has deferred a 15% tax on unprocessed and…
Vedanta to increase copper ouput from Zambia mines in 2017
VEDANTA Resources is planning to improve production at its Zambian Konkola Copper mines after a difficult full year to March 2017 in which mined copper metal output was 23.5%…
Zimbabwe to assume control over country’s diamond sector
Zimbabwe has taken over income from all diamond mining activities in the country after injecting $80m into the Zimbabwe Consolidated Diamond Company (ZCDC), a state-owned company…
Vedanta starts trial mining at Nchanga before reopening
AN improvement in operating conditions in Zambia, including a 15% reduction in the electricity tariff, has given UK-listed mining group, Vedanta, confidence to start trial mining…
Zimplats tipped to launch objection to “idle ground” seizure
ZIMBABWE will move ahead with plans to seize control of “idle” mining ground, a move that has affected Zimplats which has until 13 February to launch an objection. Other…
Zimbabwe extends platinum tax deadline to end-2017
ZIMBABWE has again postponed a 15% tax on exports of unbeneficiated platinum group metals (PGMs) to 2018 so that miners can redouble their efforts on building refinery projects.…