Zimbabwe Mining News

Zimbabwe to enter lithium market with $1.4bn mine

Country is backing Prospect Resources’ (ASX:PSC) Arcadia lithium project, expected to generate that much revenue over eight years.

Zimbabwe mulls scrapping majority black ownership on diamond, platinum sectors

President Emmerson Mnangagwa, who took the post in November, has ordered an examination of both industries that may lead to the abolition of the 51% local ownership rule on them.

Diamond sorter to jail for $500K theft

Major loss for Zimbabwe Consolidated Diamond Company.

Zimbabwe diamonds backing country’s secret police — report

International watchdog group Global Witness says political elites and security forces have controlled and secretly exploited Zimbabwe's diamond sector for over a decade.

Zimbabwe completes gold mining probe

Deputy Minister of Mines and Mining Development, Fred Moyo, said that his team looked into production and trading circles

Zimbabwe tightens screws on miners' export earnings in forex crunch

The country's Reserve Bank has ordered platinum and chrome miners to surrender 80 percent of their export earnings to the central bank as the country struggles to contain a crippling dollar note shortage.

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.