R/€ = 15.76 Change: -0.07
R/$ = 13.41 Change: -0.11
Au 1285.33 $/oz Change: -18.39
Pt 932.00 $/oz Change: -9.00


Zimbabwe's Jan-August gold production rises 10%

By: Reuters     21st September 2017 Zimbabwe's gold production rose 10% in the first eight months of this year to 14.6 t, buoyed by higher output from small and informal producers, official data showed on Thursday. Gold is Zimbabwe's single largest mineral export. 

Diamonds fund Zimbabwe political oppression, Global Witness says

By: Bloomberg     11th September 2017 Zimbabwe’s government is using money earned from diamond exports to fund its Central Intelligence Organisation, blamed for a raft of human-rights abuses as it’s helped to keep President Robert Mugabe in power since 1980, Global Witness said. Diamonds dug from the Marange fields in eastern... 

Myriad of opportunities in Zim’s mining sector

     8th September 2017 Zimbabwe is poised for growth and, with the country committed to ensuring a sustainable growth path, there are a host of investment opportunities in the mining industry to be capitalised on. This is according to the investment promotion body Zimbabwe Investment Authority‘s Invest in Zimbabwe... 

Zim staves off punitive action by Eskom, again – report 

By: News24Wire      2nd August 2017 Zimbabwe government officials have held "tough negotiations" with managers at Eskom to prevent South Africa’s power utility cutting off supplies over a $40-million debt. Cash-strapped Harare has been given another chance not to default on a repayment plan, which had seen Eskom threatening to cut... 

Zim piling up gold, diamonds to back new currency – VP

By: News24Wire      31st July 2017 Zimbabwe Vice President Emmerson Mnangagwa says the cash-strapped Zimbabwe government is piling up reserves of gold and diamonds to back a new local currency. But he did not say when the new currency would be introduced. 

Hwange colliery seeks to cut workforce by half

By: Bloomberg     7th June 2017 Hwange Colliery Company Limited (HCCL) plans to reduce its workforce by as much as half and will restart underground operations in the third quarter as the Zimbabwean miner seeks to reduce costs and return to profitability. HCCL began a voluntary severance program in March and about 200 staff... 

At least eight illegal miners die after mine shaft collapses in Zimbabwe

By: News24Wire      29th May 2017 At least eight illegal miners have been confirmed dead in Zimbabwe after a mine shaft they were working in collapsed. The state-run ZBC is reporting that at least four of the miners were above ground at Big Mine, but were sucked into the collapsing shaft. 

Zimbabwe plans 'use it or lose it' mine-permit programme for gold

By: Bloomberg     19th May 2017 Zimbabwe may confiscate unused mining licenses from companies and liberalize gold trading as ways to boost output. Large mines are “sitting on lots of unused claims,” the southern African country’s Chamber of Mines said in a document outlining initiatives of the proposed Command Mining program.... 

New laboratories opened based on demand

By: Kimberley Smuts     20th January 2017 Oil and fuel analysis expert WearCheck has shown considerable growth in Africa in 2016 establishing three new laboratories around the continent’s mining hotspots, a move largely driven by demand from mining operations looking to cut operational costs. As a result of this expansion, the company... 

Zim gold producer claims ownership of cargo on crashed plane

By: News24Wire      13th January 2017 A leading gold producer, developer and explorer in southern Africa, Metallon Corporation, has claimed ownership of the gold that was being transported by a private plane that crash-landed in southern Zimbabwe on Tuesday, putting to rest speculation that the mineral was being smuggled out of the... 

RioZim chooses Chinese group to design $2.1bn power plant

By: Bloomberg     26th September 2016 RioZim chose a State-owned Chinese company to design a $2.1-billion power plant it plans to build in Zimbabwe, which faces frequent blackouts, and is lobbying South Africa’s electricity utility to buy from the facility to help attract investors. State Nuclear Electric Power Planning Design and... 

Zimbabwe mining potential not fully realised

By: Victor Moolman     2nd September 2016 The full potential of gold mining in Zimbabwe has yet to be reached, says gold producer Metallon Corporation, which believes the future of the country’s mining industry is bright. 

Zimbabwe wants Impala land as $6.7bn mine plan stalls

By: Bloomberg     15th July 2016 Zimbabwe has applied for a court order to force an Impala Platinum Holdings Ltd. unit to sell almost 28 000 ha (69 000 acres) of its mining lease to the state, land the government says will benefit the economy. The land, held under a lease by Zimplats Holdings Ltd. but owned by the state, hasn’t... 

Zim platinum output up 43% in first quarter

By: News24Wire      13th July 2016 Zimbabwean platinum miners have ignored policy uncertainties in the country and continued to ramp up production, according to the central bank. The Reserve Bank of Zimbabwe’s (RBZ's) report for the first quarter of 2016 showed platinum output rose by 43% to 4 321 kg from 3 020 kg in the prior... 

$5m equipment for Zim small-scale gold miners

By: Oscar Nkala     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... 

Zimbabwe’s Hwange coal mine to cut 1 500 jobs, Minister says

By: Bloomberg     23rd June 2016 Hwange Colliery Ltd., a partly state-owned Zimbabwean coal miner, plans to cut 1 500 jobs this year to make it more viable and has put measures in place to protect it from lawsuits, Deputy Mines Minister Fred Moyo said. “Hwange’s labour force is 3 000 and about 1 500 are going to be laid off to... 

Zimbabwe State diamond miner produces 500 000 ct since March launch

By: Reuters     20th June 2016 Zimbabwe's new State-owned diamond miner has produced 513 000 ct since March when it started operations after the government ordered all mining companies to halt work in the Marange fields, its acting CEO said on Monday. The government on Feb 22 evicted all diamond mining firms in the Marange... 

Zimbabwe's platinum industry calls for $2.8bn in new investment

By: Reuters     20th May 2016 Zimbabwe could double annual platinum production to more than 900 000 oz in the next decade and become the nation's top export earner but current producers need $2.8-billion in new investment to do so, the industry associaton said on Friday. The southern African nation holds the second largest... 

Zim probes Rio Tinto’s Murowa share disposal

By: News24Wire      8th April 2016 Zimbabwe is probing Rio Tinto’s disposal of its stake in two mines in Zimbabwe, charging that disposed shares were held offshore, hence the justification to investigate them and determine if due procedure was followed. Rio Tinto disposed of its 78% stake in the Murowa diamond mine and also sold... 

Urgent probe for Zimplats after Panama Papers leak

By: News24Wire      6th April 2016 Impala Platinum and government officials in Zimbabwe will probe the alleged involvement of the company's Zimplats unit after leaked papers showed it used an offshore company to pay salaries of management in Zimbabwe. Fin24 reported on Monday that Zimplats had been implicated in the Panama Papers.... 

At least 3 dead in Zimbabwe diamond field accident – State broadcaster

By: News24Wire      3rd March 2016 Police divers in Zimbabwe's best-known diamond fields are searching for more victims of an accident that left at least three illegal panners dead on Wednesday, the state Zimbabwe Broadcasting Corporation reported. Up to 15 are feared to have been crushed to death by falling rock in the Chiadzwa... 

Zim govt faces lawsuit from diamond miners

By: News24Wire      23rd February 2016 Diamond mining companies ordered by President Robert Mugabe's government to stop gem mining operations in Eastern Zimbabwe are weighing their options, while some have started engagements for litigation against the decision. Zimbabwe Mines and Mining Development Minister Walter Chidakwa on Monday... 

Douglas Munyawiri

By: Martin Creamer     19th February 2016 This week we feature Douglas Munyawiri, a consultant principal resources geologist for Amec Foster Wheeler Mining and Geology 

Zim repays Implats unit $100m, revenues tumble

By: News24Wire      5th February 2016 Zimbabwe says it repaid Impala Platinum’s unit in the country about $100-million in overpaid royalties, dragging down earnings from the mineral royalties segment by 110%, the Zimbabwe Revenue Authority (Zimra) said on Thursday, saying this had contributed to a 7% shortfall in 2015 revenue... 

Zimplats to go ahead with $447m expansion project

By: News24Wire      2nd February 2016 Zimplats says it is going ahead with its Zimbabwe based projects despite continued threats on a portion of its mining lease area. In a statement accompanying its results for the quarter ended 31 December 2015 the company said the Ngezi Phase 2 expansion project implementation is progressing well. 

Zim miners commit $362m to beneficiation

By: News24Wire      29th January 2016 Zimbabwean mining companies have invested up to $362-million in mineral beneficiation projects expected to be completed in the next five years as the government intensifies a value addition drive to create more employment and keep money in the country. Zimplats, owned by Impala Platinum, as well... 

Engage African govts as mining woes addressed

By: Dylan Stewart     22nd January 2016 Ministers from 16 African nations will outline their countries’ reserves, their case for investment in the short and long term and initiatives that will safeguard stakeholders at this year’s Investing in African Mining Indaba, in Cape Town. 

Oil specialist eyes Q2 launch for lubrication management programme

By: Mia Breytenbach     22nd January 2016 Oil condition monitoring company WearCheck will launch its LubriGard lubrication management programme, which is being trialled at several coal mines in the Middelburg-Steelpoort area, in Mpumalanga, in the second half of this year. A member of Torre Industries, the company aims to drive market... 

Outcry against Zim's 49% proposed electricity hike

By: News24Wire      20th January 2016 The business community in Zimbabwe has added its voice to opposition to a proposed electricity tariff hike of 49% by the Zimbabwe Electricity Transmission and Distribution Company (ZETDC), saying the economy cannot sustain any cost increases. In a joint press statement released on Wednesday, the... 

Zimbabwe set to be region’s diamond hub – report

By: African News Agency      13th January 2016 Zimbabwe is inviting consultants to help establish its own diamond bourse with the aim of becoming a regional diamond trading hub which is expected to attract traders from around the world, a report said on Wednesday. According to Zimbabwe’s state-owned newspaper, The Herald, the diamond bourse,... 

Mines body sees bleak 2016 for Zim mining

By: News24Wire      11th January 2016 The Chamber of Mines of Zimbabwe (COMZ) is anticipating little improvement in production and prices for most metals mined in the country, despite an easing in power supplies after Zimbabwe inked a deal to import power from Eskom. Following media reports in Zimbabwe that the power import deal... 

Bad year for African bourses prompts investor exit 

By: News24Wire      4th January 2016 Foreign investors suffered huge losses in most African stock markets in 2015, as the continent faced foreign exchange pressures and low commodity prices. While investors in Botswana and South Africa recorded some gains in local currencies, weakening currencies against a strengthening US dollar... 

Maintenance stressed when facing tough market

By: Bruce Montiea     11th December 2015 With the platinum sector currently battling because of low platinum prices, miners are forced to deal with tight budget constraints and are, therefore, unwilling or unable to spend money on attending to problems, such as the maintenance or replacement of transfer points, says specialist transfer... 

China's Xi signs 10 investment deals with Mugabe

By: News24Wire      2nd December 2015 Chinese President Xi Jinping signed 10 investment deals with Zimbabwe on Tuesday evening, pledging to continue cooperating with the investment-hungry country as it attempts to reverse a prolonged economic meltdown. Shunned by most international investors for uncertainty and lack of protection of... 

SA engineering company tackles multimillion dollar Zimbabwe project

     6th November 2015 A team of technicians, artisans and engineers from heavy engineering services provider Baldmin Projects is currently on site at gold producer Metallon Gold Mines’ Mazowe mine, in Zimbabwe erecting structures, for the installation and commissioning of the mine’s flotation and leach plant scheduled... 

Zimplats swings back to profit after revenue, output jump

By: News24Wire      30th October 2015 Impala Platinum’s unit in Zimbabwe has swung back into profit making although the outlook for commodity prices remains weak, after it ramped up profits, revenues and production in the quarter to the end of September. The Australia-listed Zimplats said its profit and revenue jump had been boosted... 

New tax for Zim miners amid belt tightening

By: News24Wire      28th October 2015 Zimbabwean miners are to be taxed a new levy to fund exploration activities as the government transforms the Minerals Marketing Corporation of Zimbabwe into a state exploration company. This comes in the wake of declining exploratory work by mining firms at a time when miners globally are facing... 

Vast Resources starts mining at Pickstone-Peerless

By: Megan van Wyngaardt     23rd September 2015 With both its Pickstone-Peerless mine, in Zimbabwe, and its Manaila mine, in Romania, now in production, Aim-listed Vast Resources was “firmly on track to build a significant cash generative mining company,” says CEO Roy Pitchford. The company on Wednesday said production had started at the 584... 

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