Friday, September 21, 2018
Golden Sibanda It was good while it lasted, but Government will have none of it, not anymore. The honeymoon is over for speculators on mining ground. And it had to happen; mining is strategic to Zimbabwe’s economy. At least, this is in no way new, but simply enforcement of law that already...
Ishemunyoro Chingwere The Ministry of Mines and Mining Development will purse deliberate policies and strategies that feed into President Mnangagwa’s vision to help quicken Zimbabwe’s aspiration to become a middle income economy by 2030, Minister Winston Chitando has said. Minister Chitando said this while announcing reconstituted boards for the Zimbabwe Mining...
Golden Sibanda A Zimbabwean delegation comprising government and private sector officials descends on Canada next week to lure Foreign Direct investment (FDI) into its lucrative mining sector from one of the world’s most attractive mining regions, continuing a charm offensive for capital inflows into the economy. The Southern African country has...
Golden Sibanda Mining firms in Zimbabwe have expressed reservations over Government’s new platinum beneficiation tax structure, warning the charges were extremely high, undermined competitiveness and viability of this strategic sector. The new platinum tax structure took effect on January 1, 2018 and penalizes miners for export of white concentrate at 5...
Golden Sibanda Australia Stock Exchange (ASX)-listed batteries company, Prospect Resources, says it has appointed global engineering company DRA to provide engineering services and upfront design for its flagship Arcadia Lithium Project located near Harare. Prospect said the Arcadia lithium project represented a globally significant resource. It intends to build a 1,2...
Golden Sibanda Zimbabwe Stock Exchange (ZSE) listed integrated nickel miner, Bindura Nickel Corporation (BNC), has successfully repaid $5 million (25 percent) of the $20 million the company mobilised through a bond issue to restart its Trojan Mine smelter. Managing director Batirai Manhando, said despite fears in certain quarters that BNC could...
Golden Sibanda Zimbabwe, which is home to over 60 mineral occurrences, including gold platinum and diamonds, might need as much as $15 billion to procure new equipment, ramp up production and explore new mineral reserves or replenish depleting assets, the mining industry’s representative body has said. The country has potential to...
Taurai Mangudhla Zimbabwe looks set to achieve its 26 tonnes gold production targets for 2018 after receiving deliveries amounting to 10,3t in the first four months of this year, according to latest figures from Fidelity Printers and Refiners (Fidelity). Deliveries from small scale miners accounted for about 60 percent at 6,2...
Livingstone Marufu Global Platinum Resources and its Chinese partner, Wanbao Rexco, this week announced plans to revive operations at its 520 million ounces platinum reserves along the Great Dyke belt. Parties to the $1,7 billion deal are pinning hope for revival of the project, that stalled for 14 years since the...
Hebert Zharare Lynx, a partner between the Zimbabwe Mining Development Corporation and Graphit Kromphmuhl of Germany to mine graphite, has reportedly shut down after the foreign investor pulled out and set up a similar project in Mozambique. This follows disputes over corporate governance matters including interference in managerial issues by...