Zimbabwe Mining News

Zimbabwe attracts two new investors to develop platinum mining projects

The southern African nation has the second largest platinum deposits after South Africa.

Metallon halts output at three Zimbabwe gold mines over debts

A South African newspaper reported that the owner of the company is considering selling the operations.

Zimbabwe, Russia sign $4B platinum mine deal

The mine would be built on one of the largest platinum mining concessions in the country.

Zimbabwe mulls 'use it or lose it' approach to mining rights

Zimbabwe may withdraw mining rights from companies that take too long to dig for minerals.

Caledonia Mining to expand gold exposure in Zimbabwe

The company is sufficiently confident Zimbabwe will recover from its problems to re-invest on a modest scale.

30 countries face higher resource nationalism risk — report

On the upside, the RNI report shows that 24 nations have seen improvements in their index performance.

Russian diamond miner Alrosa wants controlling stake to mine in Zimbabwe

Alrosa will assess Zimbabwe's diamond reserves over the next six months but would only start mining if it can take a majority stake in such a project.

Zimbabwe to allow foreign platinum miners control of local operations

Foreign platinum and diamond miners have been restricted to only 49 percent ownership of their Zimbabwe operations by the black economic empowerment law.

Zimbabwe to scrap platinum and diamond mine ownership rules

Zimbabwe holds the world’s second-largest known reserves of platinum-group metals after South Africa, plus substantial deposits of gold, diamonds, lithium, iron ore, coal, chrome and nickel.

Botswana's president denies report of $600 million diamond-backed loan to Zimbabwe

Zimbabwe's secretary in the ministry of foreign affairs was quoted as saying Botswana had offered to lend Zimbabwe $500 million to support its diamond industry.

Botswana offers Zimbabwe $600m in loans — report

Zimbabwe's diamond sector has struggled since the government kicked out private companies from the eastern Marange fields.

Zimbabwean rescuers pull 22 bodies from mine, eight more found alive

The government declared the accident a disaster.

Zimbabwe set to retrieve trapped illegal miners, more casualties expected

The miners were trapped on Tuesday night when the shafts they were working in were flooded after a nearby dam burst.

At least 23 illegal Zimbabwean gold miners feared dead after shafts flooded

Small-scale gold producers, including illegal miners, accounted for nearly 60 percent of the record 33 tonnes of gold produced in Zimbabwe last year.

Zimbabwe miner RioZim again suspends production over dollar payments

RioZim said since December, it had experienced "significant and persistent" delays in dollar payments, affecting its viability.

Zimbabwe looks to alleviate foreign currency shortages -mines minister

"At the end of the day it is an issue of balancing the needs of investors with the needs of the country"

Russia's Alrosa, China’s Anjin to dig for diamonds in Zimbabwe

World’s top diamond producer by output Alrosa and China-owned Anjin are the two foreign companies chosen by Zimbabwe's government to partner the state-diamond miner in exploring and digging up diamonds.

Russia’s Alrosa back to mining diamonds in Zimbabwe

The world’s top diamond producer by output, is returning to Zimbabwe after almost two years, as the company continues to expand beyond Russia.

Zimbabwe Consolidated Diamond Company expects to produce 4.1 million carats in 2019

The state-owned diamond miner wants to produce 10 million carats by 2025.

Zimbabwe mining minister invites De Beers, Vast Resources to return

It would make them the first listed companies to mine there in that sector for two years, Mining Minister said.

Zimbabwe’s handling of diamond industry the ultimate test for Mnangagwa’s reform — report

President Emmerson Mnangagwa is making moves to end the country’s international isolation and attract foreign investment to boost an economy in tatters, including allowing new private investment in the diamond fields.

Zimbabwe to let two new private miners dig for diamonds

It may even allow foreign investors to hold majority stakes in local operations on condition that part of their output is reserved for domestic downstream industries.

Zimbabwe sees no radical change for platinum, diamond ownership

Minister of Mines and Mining Development, Winston Chitando told Reuters there would be "no change" for diamonds and platinum when asked about industry speculation the indigenisation rules could be relaxed further.

Zimbabwe targets government wage bill to rein in state spending

Zimbabwean Finance Minister Mthuli Ncube cut civil servants’ pay and announced a series of other steps to reduce the government’s bloated wage bill.

RioZim demands $92m from the Reserve Bank of Zimbabwe

The Zimbabwean miner claims it has failed to receive $48m due in payments from the central bank for its sales in dollars, suffering losses of $44m due to lost production.