Mining

  • GOVERNMENT SECURES FUNDING FOR ZISCO 

    By Staff Reporter The government has secured US$460 million for the revival of ZISCO Steel, in tandem with Vision 2030. President Emmerson Mnangagwa said this as he took his by-election campaign rallies to the Midlands Province, where thousands of party supporters were in attendance. Addressing a bumper crowd at Mbizo stadium, Cde Mnangagwa confirmed that government has secured funding for…

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  • ZIMBABWE ASSUMES KPCS CHAIRMANSHIP 

    By Staff Reporter With the first Kimberly Processing Certification Scheme (KPCS) review in more than a decade scheduled for May, Zimbabwe assumes Chairmanship of the African Diamond Producers Association and the KPCS next year. The mining sector is poised for a further leap as the country is set to assume the chairmanship of the global diamond trade regulatory arm. This…

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  • GOVERNMENT ANNOUNCES RESUSCITATION PARTNER FOR ZISCO STEEL 

    By Staff Reporter Kuvimba Mining House has been approved by cabinet as the official Investment partner for the revitalisation of ZISCO Steel. The Minister of Industry and Commerce, Honourable Dr. Sekai Nzenza who presented the update on the resuscitation of the steel mining firm said due process was undertaken for the identification of an investor to partner Government in the…

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  • MINING SECTOR HEADED FOR US $12 BILLION OUTPUT

    By Staff Reporter The Minister of Mines and Mining Development,  Winston Chitando says the growing interest in mining sector projects has resulted in Zimbabwe’s yearly mining title applications going up to over 17 000 from 2 500. Honourable Chitando was addressing journalists after his recent presentation titled “sustainable and responsible mining in Zimbabwe in pursuit of vision 2030”, at the Zimbabwe National Defence University. Minister Chitando…

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  • Global environmental awareness pushes the price of Palladium

    By Tadiwa Jery Palladium is one of the metals under the platinum group of metals which is mostly used in catalytic converters in car exhausts. It converts toxic pollutants such as carbon monoxide into less-harmful carbon dioxide and water vapor. The growing acceptance of environmentally friendly practices in the car manufacturing industry has led to the increase in demand of…

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  • Gold output set to increase this year

    By Staff Reporter Mines and Mining development Minister Honorable Winston Chitando says the output of gold in the country is set to increase this year. Minister Chitando said the increased capacity of mining entities from big corporates to small scale miners will be instrumental in the growth of production of the yellow metal. He said the mining industry as a whole…

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  • GEMOLOGY CENTRE TO OPEN NEXT MONTH

    By Staff Reporter The Second Republic continues its  thrust to promote value addition and beneficiation with a gemology centre being constructed at Fern valley in Mutare expected to be complete by next month. The centre is expected to play a role in cutting and polishing diamonds, to locally add value to the local mineral. Addressing journalists, Provincial Public Works Director Engineer…

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  • STEEL PROJECT SET TO CREATE FOUR THOUSAND JOBS

    By Staff Reporter A steel project which will operate in Mashonaland East, Mashonaland West  and Midlands is set to create at least four thousand jobs in the country. Currently, the setting up of preliminary infrastructure and provision of critical services at the Dinson iron and steel company in Chikomba has commenced, with commissioning expected by December next year. Infrastructure which includes…

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  • ZIMPLATS TO RECEIVE 1.8 BILLION DOLLAR INVESTMENT

    By Staff Reporter Zimplats, the country’s largest platinum mining company, has approved a new capital investment worth 1.8 billion United  States dollars. The announcement comes hard on the heels of the signing of a memorandum of agreement for the proposed expansion project witnessed by President Emmerson Mnangagwa in October this year. In an update to investors, Zimplats  revealed that the board had…

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  • Are sanctions depriving the Zimbabwean mining industry millions of revenue?

    By Tadiwa Jery Sanctions have been blamed for the demise of the Zimbabwean economy since the United Statessanctions in 2001 and the EU sanctions in 2003. These sanctions were claimed to target certainindividuals and included a suspension of non-humanitarian government-to-government assistance.   The Zimbabwe Democracy and Economic Recovery Act (ZIDERA) sanctions saw Zimbabwe’saccess to international credit markets blocked. The country accumulated an…

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