Zimbabwe Mining News

New $264m Zimbabwe platinum mine to last 34 years 

Completing the $264-million mine will boost the platinum reserves of Zimplats from 3 million to 9 million ounces.

Draft bill says list in Harare if you want to mine in Zimbabwe

None of the foreign-owned platinum miners operating in the world's number three producer of the precious metal is listed on the Zimbabwe Stock Exchange.

Zimbabwe diamond firms revolt, to sue Gov’t over mining ban

Affected companies are said to be looking for a way out of the situation, which includes legal actions or even international arbitration.

Zimbabwe orders diamond miners to halt operations

Companies have been told to leave behind equipment and vacate their premises.

SA platinum cuts to hurt global output over next two years

Supply for the year, however, is expected to increase by 9% to 7.91 million ounces, owing to the recovery in the country’s output following strikes in 2014, as well as increased platinum recycling.

Zimbabwe platinum export tax shelved for now

The country had introduced the levy on raw platinum exports in January, aiming to encourage local processing of the metal.

Davis’s X2 Resources goes after Rio’s coal assets in Australia

Negotiations between the parties, still at an early stage, are said to have generated solid interest from both sides.

Rio Tinto sells Murowa diamond mine and leaves Zimbabwe

The company, however, said it remained committed to the diamond industry.

RioZim seeks partnerships for $2.1bn Zimbabwe power plant

RioZim Ltd., which mines gold, diamonds and coal in Zimbabwe, wants to work with state-owned power utilities in South Africa and Namibia to build a 1,400-megawatt electricity plant near its Sengwa coal fields.

Zimbabwe eliminates tax on diamond sales, for now

The measure aims to stimulate production and attract investment in the sector, amid low international prices for the coveted gems.

Zimbabwe’s top diamond mining firms agree to merge

Zimbabwe’s diamond industry will soon be controlled by one firm as the country’s major diamond mining companies have agreed to merge.

ZNA muscles in on rich platinum deal

Zimbabwe National Army has won a bitter struggle with the Ministry of Mines and Mining Development for the control of a lucrative $4.8-billion platinum mine.

ACR to commission gold mine in 2015

African Consolidated Resources (ACR) will commmission its first gold mine in Zimbabwe in the second half of next year as the company steps up efforts to consolidate its presence in the country's gold sector.

Rio Tinto sets $350m aside to expand Canada’s Diavik diamond mine

The investment will allow for a fourth pipe to be developed at the site, with production expected to start by 2018.

Zimbabwe mulls ending tax on diamonds

As part of a set of planned measures to stimulate production and attract investment in the sector.

U.S. threatens Zimbabwe with further sanctions over $3B platinum mine

The United States is wagging its finger at Zimbabwe, threatening to ratchet up sanctions over a plan to develop a platinum mine involving Russian and Zimbabwean companies.

This $2 million red diamond is the hero in Rio’s annual tender

In the 30 years Rio Tinto's Argyle Pink Diamonds have been tendering the rare gems, only 13 red diamonds have been brought in.

Zimbabwe’s planned Marange diamond mines merger hits legal hurdles

The government wants to consolidate the diamond mining companies currently operating in Marange from six down to two or possibly one.

De Beers changing its diamond sales model

The world's largest diamond miner by market value said it will adopt a more flexible sales approach.

Diamond industry recovers place in miners’ hearts on climbing demand, prices

Sector now delivering some of the healthiest returns for many of the world’s biggest miners, including Rio Tinto and Anglo American.

Massive layoffs expected in Zimbabwe as diamond deposits run out

It has become economically unviable for miners to dig any deeper for the precious stones.

Zimbabwe miners to shut down after diamond resource exhausted

Two of the seven miners at Marange, Anjin and Jinan, will be shutting down.

African Consolidated Resources raising $18m, buying Zimbabwe mine

Firm says deal means faster gold production at flagship Pickstone project.

'Blood diamond' monitoring to remain focus on conflict-torn regions

The newly elected president of the World Diamond Council is not in favour of expanding the scope of the Kimberley Process scheme beyond conflict zones.

Diamonds may be forever, but current prices are not— experts

Despite billions spent on exploration, only around 30 significant diamond mines are currently in production.