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  • Zimbabwe Gold Miner Radnor Invests US3 5m

    Zimbabwe Gold Miner Radnor Invests Us3 5m

    Nov 24, 2021 Zimbabwe Gold Miner Radnor Invests U.S.3,5m. In its continued effort to encourage profits through boosting production, Radnor Mine ZimCN, has invested US3,5 million in mining equipment, mainly modern mine dump trucks. Officials believe that this move is anticipated to haul up a daily 1.2 million tons of ore from the mine to the processing plant.

  • Mining Companies Owe ZESA US37m

    Mining Companies Owe Zesa Us37m

    Oct 28, 2021 MINING companies owe the Zimbabwe Electricity Supply Authority ZESA money running into millions of dollars which is partly choking the power utilitys capacity to improve efficiency.

  • Coal miner plans US60m additional investment

    Coal Miner Plans Us60m Additional Investment

    Nov 25, 2021 It was one of the Hwange mining companies that were visited by President Mnangagwa last year, after it invested US50 million into the construction of a new coke battery oven under phase one. Coke, whose by-products include crude tar, benzol and coke oven gas, is a critical in the ferrochrome and stainless-steel smelting industry and has a high ...

  • Platinum production jumps 6 percent

    Platinum Production Jumps 6 Percent

    Nov 25, 2021 Zimbabwe is envisioning a US12 billion mining industry by 2023 with platinum constituting a major component of the anticipated growth. Of the US12 billion target, gold, platinum diamonds are targeted to contribute US4 billion, US3 billion and US1 billion respectively.

  • Zimbabwe Us2om Mining Agric Loan Facility Unveiled

    Zimbabwe Us2om Mining Agric Loan Facility Unveiled

    Aug 20, 2021 Chinese firm, Lovol International Construction Machinery Group, has unveiled a US20 million equipment loan facility to benefit youths and women in the mining and agricultural sectors.

  • Caledonia Mining sets new Q2 gold production record in

    Caledonia Mining Sets New Q2 Gold Production Record In

    Aug 12, 2021 Q2 2021 gross profit was 13.9 million, a 51 increase on 9.2 million gross profit in Q2 2020. Profit attributable to shareholders of the company was 2.7 million in Q2 2021, a 47 decrease compared to Q2 2020. Caledonia Mining added that its EBITDA of 14.0 million in Q2 2021 was 103 higher compared to EBITDA of 6.9 million in Q2 2020.

  • Steve Curtisled Caledonia Mining acquires Maligreen

    Steve Curtisled Caledonia Mining Acquires Maligreen

    Sep 24, 2021 Caledonia Mining Corp Plc has entered into a 4-million cash agreement with Pan African Mining to acquire the mining claims of the Maligreen project, a property situated in the Gweru mining district of Zimbabwe. Maligreen is a substantial brownfield exploration opportunity with significant historical exploration and evaluation work conducted on ...

  • Invictus posts US1 3 million loss Mining Index Zimbabwe

    Invictus Posts Us1 3 Million Loss Mining Index Zimbabwe

    Oct 07, 2021 ZIMBABWES only oil and gas operator, Invictus Energy Limited incurred a net loss of US1,3 million for the year ended June 30, 2021, down 29 compared to the same period last year. For the year ended June 30, 2020, the company incurred a

  • Blanket Mine forges ahead with US12m solar plant

    Blanket Mine Forges Ahead With Us12m Solar Plant

    Nov 07, 2021 MINING and Metals Company, Blanket Mines is forging ahead with its US12 million solar project as it seeks to mitigate power challenges that have been hampering production. Speaking during a recent visit by the Mines and Mining Development Parliamentary Portfolio Committee to the Gwanda based mine, Blanket Mine vice-president Mr Caxton Mangezi ...

  • Government Official Says Zimbabwe Currently Gathering

    Government Official Says Zimbabwe Currently Gathering

    Nov 09, 2021 There have been pronouncements by the Minister of Finance and the Reserve Bank of Zimbabwe and its such a complex area. ... DOJ Seizes 6.1 Million. ...

  • Zimbabwe threatens to withdraw mining licenses over

    Zimbabwe Threatens To Withdraw Mining Licenses Over

    Feb 18, 2020 Zimbabwe has given holders of mining concessions up to the end of April to pay 11 million in outstanding annual fees or risk losing their licenses, the mines minister said on Tuesday.

  • Zimbabwe law says no mining at someones homestead but

    Zimbabwe Law Says No Mining At Someones Homestead But

    Nov 19, 2021 Zimbabwe law does not allow one to go and mine gold at someones homestead, Deputy Minister of Mines Polite Kambamura told the Senate yesterday. One is only allowed to mine after getting permission from the Ministry of Mines. After getting that permission, the Ministry of Mines goes and inspects whether that place is fit for mining activities.

  • Zimbabwe seeks to increase mining revenue Africanews

    Zimbabwe Seeks To Increase Mining Revenue Africanews

    Nov 11, 2021 Mining accounts for 12 of Zimbabwes Gross Domestic Product. Among the wide range of minerals, gold stands out. Large miners produce up

  • Chengxin Lithium Drops After Battery Materials Supplier

    Chengxin Lithium Drops After Battery Materials Supplier

    Nov 04, 2021 Yicai Global Nov. 4 -- Chengxin Lithium Groups stock sank after the major Chinese supplier of battery materials said it plans to pay USD76.5 million for a majority stake in a company that has the rights to a lithium and other rare metals mining

  • Smuggled minerals surpass royalties Zimbabwe Situation

    Smuggled Minerals Surpass Royalties Zimbabwe Situation

    Nov 14, 2021 In a paper which spells out the Zimbabwe Environmental Law Association Zelas expectation for the upcoming budget, the resources campaigner said the country was receiving only US90 million in royalties from minerals annually. This falls far below revenue losses of up to US100 million being reported every month through smuggling, the paper ...

  • Zimbabwe RBZ Hails Mining Sector for 78 Percent Forex

    Zimbabwe Rbz Hails Mining Sector For 78 Percent Forex

    Oct 28, 2021 RESERVE Bank of Zimbabwe RBZ has hailed the mining sector for contributing 78 out of the total foreign currency injections amid calls for

  • Zimbabwe African Development Fund extends 35 million

    Zimbabwe African Development Fund Extends 35 Million

    Nov 11, 2021 The Board of Directors of the African Development Bank Group has approved a 3.5 million grant to Zimbabwe to create jobs and boost livelihoods for youth and women in artisanal mining, horticulture and dairy value chains. The funding, to be drawn from the African Development Fund, the Bank Groups concessional window, will go to the Sustainable Enterprise Development for Women

  • Zimbabwe African Development Fund Extends 35 Million

    Zimbabwe African Development Fund Extends 35 Million

    Nov 11, 2021 The Board of Directors of the African Development Bank Group has approved a 3.5 million grant to Zimbabwe to create jobs and boost livelihoods for youth and

  • Caledonia Mining Corporation Plc Results for the quarter

    Caledonia Mining Corporation Plc Results For The Quarter

    Nov 11, 2021 Caledonia has completed the purchase of the mining claims at Maligreen in the Zimbabwe midlands. ... Net cash generated by operations

  • Caledonia doubles adjusted earnings per share in Q3 on

    Caledonia Doubles Adjusted Earnings Per Share In Q3 On

    Nov 11, 2021 - Caledonia Mining NYSE CMCL announced Thursday that in Q3 2021, the company produced 18,965 ounces of gold in Zimbabwe Q3 2020 15,155 ounces, which is a new quarterly production record for Blanket and reflects the contribution of Central Shaft.

  • Mining pensioners bemoan low payouts Mining Index Zimbabwe

    Mining Pensioners Bemoan Low Payouts Mining Index Zimbabwe

    Nov 25, 2021 THE Mining Industry Pensions Fund MIPF has released audited financial statements from 2015 to 2020 following a petition by the Zimbabwe Diamond and Allied Mineral Workers Union Zdamwu. In the petition, Zdamwu raised concern that its members were not benefiting from their pension contribution ...

  • Investors shell out US24 Million Into Argus Mining

    Investors Shell Out Us24 Million Into Argus Mining

    Oct 26, 2021 YOUNG Zimbabwe businessman Batsirai Joel Matiza has attracted the interest of international investors after spearheading successful acquisitions of Cobalt mining companies based in the Democratic Republic of the Congo. Matiza, using off-shore based Argus Group as the special purpose vehicle, has ...

  • 250million stake in Kudakwashe Tagwireilinked Kuvimba

    250million Stake In Kudakwashe Tagwireilinked Kuvimba

    Jul 21, 2021 Last month, Zimbabwe made its first compensation payment. The Kuvimba Mining House transferred 1 million to farmers, while the government asked for an extension in the payment of the full 3.5 billion that it agreed to a year ago.

  • Zimbabwe targets 11 million carats of diamonds by 2023

    Zimbabwe Targets 11 Million Carats Of Diamonds By 2023

    Oct 14, 2019 Zimbabwe expects to increase diamond production to 11 million carats by 2023 from 3.2 million carats last year, the mines minister said on Monday.

  • Zimbabwes new gold rush The Zimbabwean

    Zimbabwes New Gold Rush The Zimbabwean

    Aug 08, 2020 A total of USD 398.6 million was earned in exports during the same period last year. This begs the question, what is the real problem Fidelity Printers and Refiners FPR, a subsidiary of the Reserve Bank of Zimbabwe RBZ, currently has a monopoly on

  • Zims economic outlook for 2021 The Zimbabwe Independent

    Zims Economic Outlook For 2021 The Zimbabwe Independent

    Jan 08, 2021 The mining sector is Zimbabwes key export earner contributing 76 of the countrys export receipts. Mining exports grew from US2,1 billion to US2,4 billion in the first nine months of 2020 compared to the same period in 2019. Overall mining export receipts for 2019 were US3,2 billion.

  • Report Mnangagwa Chiwengalinked cartels take over

    Report Mnangagwa Chiwengalinked Cartels Take Over

    Feb 10, 2021 Zimbabwe reports exporting US611 million worth of gold to the UAE in 2018. However, the UAE reports that US 821 million worth of gold was imported from Zimbabwe. Therefore, US210 million worth of gold was taken out of Zimbabwe with no

  • Zimbabwe asked to settle US70 million debt after legal

    Zimbabwe Asked To Settle Us70 Million Debt After Legal

    Sep 28, 2021 Pay the euro equivalent of 30 million into an international bank account held by Amaplat Pay the companies the equivalent of 25 million in the form of mining assets in the country The payment plan has also been discussed in a meeting with Reserve Bank of Zimbabwe Governor John Mangudya the company principals, according to the letter.

  • Potential to revive milliondollar mica Mining Zimbabwe

    Potential To Revive Milliondollar Mica Mining Zimbabwe

    Sep 28, 2020 Mica in Zimbabwe is found in Hurungwe, Rushinga, Kariba and Hwange. The biggest Mica mine in Zimbabwe during the 1920s, Grand Parade employed more than 360 workers and was valued at 200,000 which when converted amounts to over USD120 million today, yet the mine had only reached a depth of 70 metres which indicates it was operating at small-scale.

  • Coal producers invest US10 Million in mining equipment

    Coal Producers Invest Us10 Million In Mining Equipment

    Oct 26, 2021 Zimbabwes major coal producers, Zambezi Gas and Coal Mine in Hwange have invested more than US10 million in buying a variety of mining equipment which will see monthly production topping 300 000 tonnes. Vongai Mbara. This comes as the Hwange-based colliery is producing 150 000 tonnes per month.