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Oscar Nkala

Zim likely to miss 28 t gold production target as small-scale miners struggle

14th July 2017 The World Bank says Zimbabwe may miss its 2017 gold production target of 28 t because most of small-scale producers remain vulnerable to the country's harsh macroeconomic environment. Zimbabwe's macroeconomic environment has deteriorated since late last year, amid severe foreign exchange shortages. 

Zim likely to miss $300m chrome ore export target this year

7th July 2017 The Minerals Marketing Corporation of Zimbabwe (MMCZ) has indicated that local chrome producers might not achieve the projected 2017 export target of $30-million, owing to falling international commodity prices and the flooding of the traditionally lucrative Chinese market with cheap-quality ore... 

Claim ownership-related disputes costing Zim gold miners $5m each month

5th May 2017 Small-scale gold miners in Zimbabwe are incurring an estimated $5 million each month in lost production, owing to disputes over the ownership of mining claims. In terms of the Mines and Minerals Act, no mining can take place on a disputed mining claim until the issue of its ownership is resolved.... 

Road rehab levy could be in the offing for Zim miners

10th February 2017 Zimbabwe's Parliamentary Portfolio Committee on Transport and Infrastructure Development has tabled a proposal that could force mining houses to pay a 'road rehabilitation' levy that would be used to build and maintain roads in the areas where they operate.   Currently, the construction and... 

Zim gold mining group loses 6 000 oz in potential output owing to power outages

26th August 2016 Mining company Metallon Gold is seeking alternative power sources to ensure uninterrupted production at its five mines in Zimbabwe, following the loss of at least 6 000 oz in potential output as a result of outages since the beginning of the year. The company says its How, Shamva, Acturus,... 

Botswana not planning mine grabs, Minister confirms

19th August 2016 Botswana has assured that it is not contemplating nationalising mining operations or buying out private mining investors to ensure local ownership of the sector. Doing so would diminish the attractiveness of the mining sector to potential investors and lead to divestment by existing investors,... 

Zim produces 9.6 t of gold in first half

19th August 2016 Zimbabwe earned $381-million from gold exports in the first half of this year, when production totalled 9.6 t. In its latest analysis of gold sales and deliveries, Fidelity Printers & Refiners (FPR), the country's sole gold trader, says gold deliveries increased by 25% during the period, while... 

$5m equipment for Zim small-scale gold miners

24th June 2016 Chinese-made mining equipment worth $5-million is to be delivered to small-scale gold miners in Zimbabwe by the end of August as the first consignment of a much bigger deal that has been in abeyance since 2012, owing to failure by the Southern African country to guarantee a loan from the China... 

Graphite mine seeking $5.9m for plant upgrades, mechanisation and exploration

24th June 2016 Zimbabwe's sole graphite mine is seeking joint venture partners or capital lenders willing to $5.9-million to fund plant upgrades and the purchase of equipment to start underground mining, as well as exploration projects to increase the operation's resource base.   Lynx Graphite board member... 

Zim mining could witness significant growth in next four years – US body

15th April 2016 Zimbabwe's mining sector could achieve significant growth during the period 2016 to 2020, driven by increased platinum and diamond production, the US-based International Business Monitor (IBM) has said. But it hastens to add that political uncertainty, a challenging regulatory environment and... 

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