We have made a decision that there is viability in mining by making sure we don't kill the goose that lays the golden egg - John Mangudya, Central bank governor
Zimbabwe Mining News
The processing plant has been under consideration since at least 2014.
We would like to see each and every asset owned by ZMDC getting into production - Mines Minister Winston Chitando
"Our vision is to be the world's leading uranium company" - Ni Tao deputy manager of China National Uranium Co Ltd
The company had run out of critical consumables and spares required for its mines, forcing the shutdown
The southern African nation is pushing the metal as a major draw for investors as it looks to attract capital to its mining sector following the ousting last year of former president Robert Mugabe after almost four decades in power.
Zimbabwe's mining industry is facing “severe viability challenges” because of the shortage of hard currency
Villagers living around the Marange diamond fields would benefit.
Decision comes after the companies received Wednesday a preliminary geological assessment of the property, which shows Heritage contains several targets for modern alluvial diamond placer deposits.
Dollar shortages are creating the risk of some mines shutting down, while investors calling for the removal of foreign exchange restrictions.
The miner said it would take legal actions to force the central bank to give it US dollars for part of its gold output.
Metallon Corp. is considering paying mining-equipment suppliers in gold because a cash shortage in Zimbabwe is hampering its plan to expand output.
Zimbabwe will fast-track plans to settle its debt arrears, a key step needed to restore investor confidence in the country’s economy.
Platinum miner Zimplats on Friday reported a 94 percent drop in after-tax profit to $2.6 million after incurring a higher deferred tax charge.
Vast Resource is expected to carry out an initial assessment of the Heritage Concession, in the Marange Diamond Fields area.
The Zimbabwe National Army has been dealing for months with people working illegally at the mine site.
Moti said he’d be willing to sell as much as 25 percent to the right partner, but ruled out any prospect of an initial public offering.
It gives the company access to 23,903 hectares of land in the country Great Dyke, which has a potential for 96 million ounces of platinum and palladium.
The miner's Zimbabwean subsidiary, Zimplats, has released 23,903 hectares of its mining claims to the government.
Mines Minister Winston Chitando had last month promised to remove the requirements, which he said caused panic among foreign mining firms.
Tharisa would join Karo Resources, founded by mining entrepreneur Loucas Pouroulis, in building the mine.
The Australian-listed company expects to secure more than $55 million in funding for the first phase of the Arcadia Lithium project.
Zimbabwe will remove the clause from a mines amendment bill now before parliament, the mines minister said on Friday.
President Emmerson Mnangagwa has been trying to shore up foreign investor interest in a country rich in mineral resources but starved of capital.
Mugabe to face legislators over his previous pronouncements that the state had been deprived of at least $15 billion in diamond revenue by mining companies.