Zim mining sector to grow by 15.8% this year – Minister

Zimbabwe’s mining sector is expected to grow by 15.8% this year, anchoring the country’s estimated economic growth rate of 9.4%, Mines and Mineral Development Minister Obert Mpofu has said. Addressing a Chamber of Mines breakfast meeting in...

Zim Chamber of Mines wants to discuss indigenisation with govt

The Zimbabwe Chamber of Mines (ZCM) reports that its officials are planning a strategy meeting with government on the effective implementation of the nation’s hotly debated indigenisation requirements.

Indigenisation will have dire consequences for mining sector if it is not handled ‘sensibly’ – Zim Chamber of Mines

The Zimbabwe Chamber of Mines has issued a stern warning that economic growth in the embattled country may become static should the threats issued by President Robert Mugabe last week regarding indigenisation compliance bear fruit.

New convertible debt fund launched

Advisory company Sovereignty Capital launched the South African Convertible Debt Fund, the company’s new alternative asset management product in partnership with empowerment group Vulisango, in Cape Town, last month.

Zim mining industry grows by 47% despite political pitfalls

Despite the political pitfalls, which are still ominously present, the Zimbabwe Chamber of Mines reports that the country’s mining industry grew by a massive 47% in 2010.

Chamber eyes 30% growth for 2010

The Zimbabwe Chamber of Mines reports that the country’s mining industry could grow by as much as 30% in 2010, should power availability improve within the country and if more working capital is made available to mining companies.

Zimbabwe anxious to reclaim mining glory, but obstacles remain

Once viewed as ‘The Bread Basket of Africa’, Zimbabwe has had a significant fall from grace since early 2000, when hyperinflation, political instability and the total collapse of the economy deterred investors previously upbeat on...

Zimbabwe anxious to reclaim former mining glory, but obstacles remain

Once viewed as ‘The Bread Basket of Africa’, Zimbabwe has had a significant fall from grace since early 2000, when hyperinflation, political instability and the total collapse of the economy deterred investors previously upbeat on...

Zim’s draft empowerment law standing in the way of
would-be mining investors

The Zimbabwe Chamber of Mines has warned that the significant interest shown by foreign mining investors is unlikely to translate into actual investment unless concerns about the country’s draft indigenisation law are dealt with and the...

Kumba Iron Ore on track for 10% production boost, Anglo setting up Brazil-SA iron-ore marketing, Zimbabwe strategising to reopen closed mines

South African iron-ore producer Kumba Iron Ore (KIO) increased its year-on-year output by 12%, to 11,3-million tons, during the third quarter of the year, remaining on track to meet its target of increasing production by an overall 10% in the 2009...

Zim Chamber of Mines, govt working out 
strategy to give closed mines a new lease of life

The Zimbabwe Chamber of Mines says it is working out a strategy to urgently speed up the revival of the mining industry, with a special focus on the reopening of closed gold, asbestos, chrome, iron-ore and nickel mines.

Zim Chamber of Mines forecasts long journey 
to recovery for mining sector

The road to recovery will be long, arduous and will depend a lot on foreign investment in the mining industry. It is imperative that the sector recovers to help build a sustainable economy to benefit the people of Zimbabwe.