Caledonia Mining curtails spending on Zim bond default

Caledonia Mining has deferred some development work at its Blanket mine, in Zimbabwe, after the Reserve Bank of Zimbabwe said it would postpone payment on special bonds issued to gold-miners as payment for gold sales. Caledonia was expecting to...

Zim gold-mining firm faces closure

London Stock Exchange-listed Central Africa Gold (CAG) says a combination of factors, including the global economic downturn and the continuing failure by the Reserve Bank of Zimbabwe (RBZ) to honour payments for gold deliveries to its vaults...

Caledonia's Zim mine receives local award

Toronto-based Caledonia Mining's Blanket gold mine, in Zimbabwe, has been awarded the title of 'exporter of the year' in the mining category, for the Matabeleland region, by the Zimbabwe National Chamber of Commerce, the company said on Monday....

Mwana pours first gold at Zimbabwe's Freda mine

Multicommodity resources company Mwana Africa on Tuesday announced the first pour of 180 oz of gold following the completion of Phase 1 of its refurbishment programme at the Freda Rebecca gold mine, near Bindura, in Zimbabwe. "The first gold pour...

Zim govt threatens to repossess unused mining claims

Zimbabwe is conducting an audit of the mining industry with a view to repossessing all mining claims that are being held for speculative purposes, reports Mines and Mining Development Minister Obert Mpofu.

Daily podcast – August 12, 2009

A worker is killed in a locomotive accident at AngloGold Ashanti's Mponeng mine; and Caledonia Mining produced 1 822 oz of gold in July, from its Blanket mine, in Zimbabwe.

Caledonia continues ramp up at Zimbabwe gold mine

Canada-based Caledonia Mining produced 1 822 oz of gold in July, from its Blanket mine, in Zimbabwe, and continues to see improvements in output levels, the firm said on Tuesday. Caledonia restarted the operations at Blanket in April, after being...

Zimbabwe hopes to be readmitted to LBM within two years

The Zimbabwe Chamber of Mines says the country could to return to the London Bullion Market (LBM) fold within two year, but warns that this would only be possible if the current rate of recovery in the key gold-mining sector is maintained or...

Caledonia exported 766 oz from Zimbabwe gold mine since April restart

Canada-based Caledonia Mining produced 766 oz of gold from its Blanket mine, in Zimbabwe, during April, and delivered the metal to Rand Refineries in South Africa, the firm reported on Wednesday. Caledonia announced early last month that it...

Caledonia will restart Zimbabwe gold mine

Canada-based Caledonia Mining plans to restart its Blanket gold mine, in Zimbabwe, “as soon as possible”, after receiving the permissions and licences it needs under the country's new regulations governing gold trading, the firm announced on...

Parastatal to try its hand at diamond-mining

The government-owned Zimbabwe Mining Development Corporation (ZMDC) will shortly start mining operations in eastern diamondfields of Chiadzwa, Mines and Mining Development Minister Obert Mpofu said recently.

Canadian miner revives Zim mine after central bank frees up gold sector

TSX-listed New Dawn Mining Corporation has resumed production at its Turk mine, in Zimbabwe, after being under care and maintenance for nearly four months, the company has announced.