Zimbabwe Mining News

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.

Zimbabwe to let gold, platinum mines retain higher dollar earnings

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 platinum miners plan base-metal refinery, minister says

The processing plant has been under consideration since at least 2014.

Zimbabwe to announce winning bidders for mining assets in two weeks

We would like to see each and every asset owned by ZMDC getting into production - Mines Minister Winston Chitando

China's CNNC seeking overseas partners to secure uranium

"Our vision is to be the world's leading uranium company" - Ni Tao deputy manager of China National Uranium Co Ltd

Zimbabwe's RioZim shuts mines over dollar shortages

The company had run out of critical consumables and spares required for its mines, forcing the shutdown

Zimbabwe lithium miner sees first production in Q2 next year

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 gold producers warn currency shortage threatens output

Zimbabwe's mining industry is facing “severe viability challenges” because of the shortage of hard currency

Zimbabwe’s government to give mining claims to artisanal diamond miners

Villagers living around the Marange diamond fields would benefit.

Botswana Diamonds, Vast Resource JV steps up exploration efforts in Zimbabwe

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 shortage "short-term problem" for miners in Zimbabwe – minister

Dollar shortages are creating the risk of some mines shutting down, while investors calling for the removal of foreign exchange restrictions.

Zimbabwe miner RioZim to sue central bank for loss of forex earning

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 may pay suppliers in gold amid Zimbabwe cash shortage

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 accelerate debt plan, Finance Minister says

Zimbabwe will fast-track plans to settle its debt arrears, a key step needed to restore investor confidence in the country’s economy.

Zimplats FY profit tumbles after higher deferred tax charge

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.

Botswana Diamonds partner granted exclusive access to concession in Zimbabwe

Vast Resource is expected to carry out an initial assessment of the Heritage Concession, in the Marange Diamond Fields area.

Mine collapse in Zimbabwe kills one, injures three

The Zimbabwe National Army has been dealing for months with people working illegally at the mine site.

African conglomerate Moti is open to $500m stake sale

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.

Tharisa expands Zimbabwe exposure with $4.5 million platinum deal

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.