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Vast Resources set to mine Zimbabwe diamond territory – Minister

By: Reuters     14th February 2019 London-listed miner Vast Resources is to be allowed into Zimbabwe's diamond fields, Mining Minister Winston Chitando said on Thursday, joining other new entrants including Russia's Alrosa. Zimbabwe is stepping up efforts to exploit its mineral resources to revive a moribund economy sapped by high... 

At least 23 illegal Zimbabwean gold miners feared dead after shafts flooded

By: Reuters     14th February 2019 At least 23 illegal miners are trapped and feared dead in Zimbabwe after shafts and underground tunnels they were working in were flooded by water from a burst dam, a state-owned daily newspaper reported on Thursday. The southern African nation has been working to regulate thousands of people who... 

RioZim halts output as central bank fails to make payments

By: Bloomberg     8th February 2019 RioZim halted production at its three gold mines after Zimbabwe’s central bank failed to provide foreign currency the company needs to keep operating. The shutdown is the second by RioZim since October. It’s the latest indication of how businesses are struggling to keep going as a dearth of... 

Russia's Alrosa, Chinese-owned Anjin to mine Zimbabwe diamonds – report

By: Reuters     24th January 2019 Russian diamond giant Alrosa and Chinese-owned Anjin are the two foreign companies chosen by Zimbabwe's government to partner the state-diamond firm in exploring and mining diamonds, a state-run newspaper reported on Thursday. The southern African nation announced in December that it would allow... 

Russia's Alrosa returns to diamond exploration in Zimbabwe

By: Reuters     14th January 2019 Russian diamond giant Alrosa has set up a subsidiary in Zimbabwe to begin mining operations there, it said on Monday, more than two years after it shelved plans to expand into the southern African country. Alrosa, the world's largest diamond producer by output, started conducting geological... 

Zimbabwe miner RioZim demands $92m from central bank in lawsuit – document

By: Reuters     22nd November 2018 Zimbabwean miner RioZim is demanding $92-million from the central bank in a lawsuit brought to force the Reserve Bank to pay for more of its gold purchases from the company in US dollars, court documents showed. Miners are struggling as Zimbabwe grapples with an acute shortage of dollars. 

Zimbabwe gold producers warn currency shortage threatens output

By: Bloomberg     29th October 2018 Zimbabwean gold producers may suspend operations because a foreign-exchange shortage has left them with insufficient funds to cover production costs, the main industry lobby group said. Curbing output would deprive the country of a key source of export earnings as Finance Minister Mthuli Ncube... 

Zimbabwe lithium miner sees first production in Q2 next year

By: Reuters     29th October 2018 Zimbabwe Lithium Company (ZLC) expects to complete a pilot plant and start production of lithium concentrates in the second quarter of 2019 after a legal dispute delayed work on the project, its chief executive said on Monday. John McTaggart said ZLC was in discussion with several finance groups... 

RioZim to sue central bank over dollar payments

By: Reuters     9th October 2018 Zimbabwe's gold miner RioZim on Tuesday said it would take legal action to force the central bank to pay it in US dollars for part of its output, signalling impatience by mining companies over acute dollar shortages afflicting the economy. The shortages have worsened since 2016 and are the... 

Metallon may pay suppliers in gold amid Zimbabwe cash shortage

By: Bloomberg     18th September 2018 Metallon Corp. is considering paying mining-equipment suppliers in gold because a cash shortage in Zimbabwe is hampering its plan to expand output, Chief Executive Officer Mzi Khumalo said. Zimbabwe, which abandoned its own currency in 2009 because of hyperinflation, has faced cash shortages for... 

Hundreds of Mazowe Mine employees in Zimbabwe reportedly to be retrenched

By: African News Agency      3rd September 2018 Hundreds of Mazowe Mine employees will reportedly lose their jobs after the company was put under care and maintenance in Zimbabwe. Mazowe Mine is part of the Metallon Corporation group which includes How Mine, Mazowe Mine, Shamva, and Redwing Mine. The employees have reportedly been given three... 

Hwange of Zimbabwe coal output to surge on underground mining

By: Bloomberg     2nd July 2018 Hwange Colliery Co expects to boost underground coal production five-fold this month when it restarts operations after a two-year hiatus, a company official said. The resumption will help the loss-making company tap more lucrative deposits of coking coal, used to make steel, as it seeks to... 

Zimbabwe Parliament drops call for Mugabe to answer questions on diamond mines

By: Reuters     12th June 2018 Zimbabwe's parliament on Monday backed down from its demand for former President Robert Mugabe to answer questions related to diamond mining operations during his time in office. In what would have been his first public appearance since being ousted in a de facto military coup in November,... 

Land ceded by Zimplats to be used for Karo's $4.2bn project

By: Bloomberg     7th June 2018 A platinum-bearing mine concession ceded by a subsidiary of Impala Platinum will be used by Karo Resources to develop a $4.2-billion mining complex, Zimbabwe’s mines minister said. Impala, based in Johannesburg, on Wednesday said its Zimplats subsidiary had agreed to release 23 903 ha of land to... 

Zimbabwe removes requirement for foreign mines to list locally

By: Reuters     1st June 2018 Zimbabwe's Parliament has passed amendments to the mining bill after removing clauses that required foreign mining companies to list locally, according to an official record of Parliament's debates seen on Friday. Mines Minister Winston Chitando had last month promised to remove the requirements,... 

Tharisa may join Karo in $4.2bn Zimbabwe platinum project

By: Bloomberg     31st May 2018 Tharisa, the platinum and chrome miner run by the Pouroulis family, is considering investing in a $4.2-billion platinum project in Zimbabwe being developed by another company founded by the family. Tharisa would join Karo Resources, founded by mining entrepreneur Loucas Pouroulis, in building the... 

GOING FOR GRACE'S GOLD:

By: Martin Creamer     11th May 2018 Artisanal gold miners go for gold on a farm 40 km north of Harare, owned by former President Robert Mugabe's wife Grace Mugabe, in Mazowe, Zimbabwe. The ironically named Smithfield farm, once guarded by armed police, is now dotted with gold diggings. The illegal miners have stated that they... 

Zimbabwe Parliament delays Mugabe's questioning on diamond revenue

By: Reuters     8th May 2018 Former President Robert Mugabe will not appear before Zimbabwe's Parliament as scheduled on Wednesday to answer questions on diamond mining operations, a legislator said. Temba Mliswa, who leads the Parliamentary committee on mines, said the clerk of parliament hadn't written to Mugabe to invite... 

Zimbabwe miner looking at refinery upgrade for battery grade lithium

By: Reuters     7th May 2018 A Zimbabwean mining company is considering upgrading a local nickel refinery to produce battery grade lithium or alternatively build a new lithium carbonate plant at a cost of up to $150-million, its managing director said on Monday. Lithium is in demand globally as a battery metal needed for the... 

Zimbabwe to sign $700m coal-bed methane deal this month

By: Bloomberg     3rd May 2018 Zimbabwe’s government plans to sign a $700-million deal with an investor that will develop a coal-bed methane site, Mines Minister Winston Chitando said. The accord comes as new President Emmerson Mnangagwa, who took office in November, courts foreign investment to rebuild an economy that halved... 

Marange villagers disperse after diamond protest in Zimbabwe

By: African News Agency      25th April 2018 After two days of demonstrations – which at one stage turned violent – disgruntled villagers from Zimbabwe’s diamond-rich area of Marange on Tuesday began dispersing after a day of running battles with the police. There were no major injuries reported. Police fired tear gas and threatening to... 

Zimbabwe's parliament orders Mugabe to answer questions over diamonds

By: Reuters     20th April 2018 Zimbabwe's parliament has ordered former leader Robert Mugabe to answer questions next month about whether the state was deprived of $15-billion in diamond revenue, a legislator said on Friday. It will be Mugabe's first public appearance since last November when the army deposed him in a de facto... 

Illegal gold miners invade Grace Mugabe's farm amid legal dispute

By: Reuters     20th April 2018 A farm owned by Robert Mugabe's wife Grace is at the centre of a legal dispute after hundreds of illegal gold miners invaded parts of the property and started mining gold. A Reuters photographer saw hundreds of illegal miners digging for gold at the Smithfield citrus farm using picks and shovels,... 

Missing $15bn diamond revenue – 'It's all lies,' says Mugabe

By: News24Wire      17th April 2018 Zimbabwe's former president Robert Mugabe has retracted his remarks over the alleged missing $15-billion diamond revenue amid investigations by the national assembly, according to a report. In a claim that's coming back to haunt him, the former Zimbabwe strongman said in 2016 that $15-billion... 

Zimbabwe to sell shares in State-owned firms as part of reforms

By: Reuters     13th April 2018 Zimbabwe is looking to sell shares in 35 State-owned firms, including telecoms and mining entities in the latest step to revive the economy under new political leadership, Finance Minister Patrick Chinamasa said on Friday. President Emmerson Mnangagwa, who came to power in November after a de... 

Senior govt officials, including Zim VP 'to appear before Parliament' about $15bn diamond scandal

By: News24Wire      10th April 2018 Several senior government officials have reportedly been summoned by Zimbabwe's parliamentary portfolio committee on mines and energy over the missing $15-billion diamond revenue. According to reports, former President Robert Mugabe, announced in 2015 that $15-billion of diamonds were spirited... 

Zimbabwe wants mining companies to list on local exchange

By: Bloomberg     5th April 2018 Zimbabwe wants mining companies operating in the country to list the majority of their shares on the local exchange, stirring uncertainty among investors as the nation with the world’s biggest platinum reserves after South Africa tries to bring in money to fix the economy. “No mining right or... 

Zimbabwe signs $4.2bn platinum deal to transform mining sector

By: Reuters     22nd March 2018 Cyprus-based Karo Resources will invest $4.2-billion to develop a platinum mine producing 1.4-million ounces of platinum group metals annually by 2023, Zimbabwe Mines Minister Winston Chitando said on Thursday. Zimbabwe is again attracting investments into the mining sector after foreign investor... 

Zimbabwe changes empowerment law limiting majority ownership to diamond and platinum

By: Reuters     19th March 2018 Zimbabwe has changed its empowerment law to limit majority ownership by state entities to only diamond and platinum mines and not the entire mining sector as in previous legislation, according to a government notice. The Indigenisation and Econmic Empowerment Act was designed to increase black... 

Mine ownership, funding talks continue

16th March 2018 Mining company Premier African Minerals, which owns 49% of the RHA tungsten mine (RHA), in Zimbabwe, and is currently the only financial supporter for operations at the mine, reports that the ongoing financial discussions with the National Indigenisation and Economic Development Fund (NIEEF),... 

Zimbabwe gives mines, farmers six months to clear electricity bills

By: Reuters     12th March 2018 Zimbabwe's state-owned electricity distributor has given businesses, including mines and large-scale farms, six months to clear their bills or risk being cut off and face litigation, the company said on Monday. The Zimbabwe Electricity Transmission and Distribution Company (ZETDS) is owed more... 

Zimbabwe says has potential to meet 20% of global lithium demand

By: Reuters     28th February 2018 Zimbabwe aims to supply 10% of the world's lithium and could reach 20%, the mines minister from Africa's top producer of the alkali metal used in batteries for electric vehicles said on Wednesday. "We believe we have the potential to actually account for 20% of global demand when all known... 

Prospect exercises option on lithium project in north-eastern Zimbabwe

By: Creamer Media Reporter      28th February 2018 Australia-listed lithium company Prospect Resources has added to its lithium resource base in Zimbabwe by exercising an option to acquire the Good Days project, near Mutoka, north-eastern Zimbabwe. The 8km2 project contains numerous mineralised pegmatites, including historical workings for... 

Zimbabwe expects mineral revenue to rise to $1.78bn in 2018

By: Reuters     27th February 2018 Zimbabwe expects to earn $1.78-billion from mineral sales in 2018, up from $1.5-billion last year, Masimba Chandavengerwa, chief executive of the government marketing agency, told a mining conference on Tuesday. Political changes that saw former president Robert Mugabe step down last year after... 

Zimbabwe Mining Investment Conference 2018

15th February 2018 Zimbabwe has turned a new leaf , announced new investor friendly mining policies and is Open for Business and is set on rapidly growing its economy with mining investors being key players. The Zimbabwe Mining Investments Conference 2018 will discuss as well as showcase the vast investment... 

Zimplats quarterly profit surges 69% on higher sales

By: Reuters     1st February 2018 Zimplats on Thursday reported a 69% rise in profit to $41-million for the quarter ended December, helped by the sale of platinum group metal stockpiles from the previous quarter and higher prices. Zimbabwe's largest platinum miner, which is 87% owned by Impala Platinum Holdings, sells platinum... 

Prospect raises $10m for Zimbabwe lithium mine development

By: Megan van Wyngaardt     31st January 2018 Southern Africa-focused lithium and gold mining and exploration company Prospect Resources has raised $10-million before costs, through an oversubscribed share placement of 166-million shares at 6c apiece. The ASX-listed company said on Wednesday that it would use the funds to accelerate the... 

Zimbabwe's chamber of mines expects 2018 gold to rise to record high of 30 t

By: Reuters     30th January 2018 Zimbabwe’s gold production is projected to rise to a record 30 t this year as producers ramp up output, a chamber of mines official said on Tuesday. Pardon Chitsuro told a business meeting that platinum production would also rise to 15.5 t this year from 14.2 t in 2017. 

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