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Vast Resources set to mine Zimbabwe diamond territory – Minister

By: Reuters     14th February 2019 London-listed miner Vast Resources is to be allowed into Zimbabwe's diamond fields, Mining Minister Winston Chitando said on Thursday, joining other new entrants including Russia's Alrosa. Zimbabwe is stepping up efforts to exploit its mineral resources to revive a moribund economy sapped by high... 

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

By: Reuters     14th February 2019 At least 23 illegal miners are trapped and feared dead in Zimbabwe after shafts and underground tunnels they were working in were flooded by water from a burst dam, a state-owned daily newspaper reported on Thursday. The southern African nation has been working to regulate thousands of people who... 

RioZim halts output as central bank fails to make payments

By: Bloomberg     8th February 2019 RioZim halted production at its three gold mines after Zimbabwe’s central bank failed to provide foreign currency the company needs to keep operating. The shutdown is the second by RioZim since October. It’s the latest indication of how businesses are struggling to keep going as a dearth of... 

Russia's Alrosa, Chinese-owned Anjin to mine Zimbabwe diamonds – report

By: Reuters     24th January 2019 Russian diamond giant Alrosa and Chinese-owned Anjin are the two foreign companies chosen by Zimbabwe's government to partner the state-diamond firm in exploring and mining diamonds, a state-run newspaper reported on Thursday. The southern African nation announced in December that it would allow... 

Zimbabwe soldiers 'beating' protesters as crackdown continues

By: News24Wire      24th January 2019 Soldiers beat people on the streets of Zimbabwe's capital and second city Bulawayo overnight Tuesday, residents said, hours after President Emmerson Mnangagwa promised to investigate a security service crackdown on anti-government protesters. There was no immediate comment from the government or... 

South Africa turned down Zimbabwe request for $1.2bn loan in December

By: Reuters     21st January 2019 South Africa turned down a request from its southern African neighbour Zimbabwe for a $1.2-billion loan in December, a spokesman for the finance ministry said on Monday. "South Africa doesn't have that kind of money," National Treasury spokesperson Jabulani Sikhakhane said. 

US urges Zimbabwe military to practice restraint amid protests

By: African News Agency      17th January 2019 The United States Embassy in Harare on Thursday expressed concern over reports of violence in parts of Zimbabwe, urging all parties to exercise restraint. "We condemn any disproportionate use of force and call on Zimbabwe’s security forces to respond to civil unrest professionally and with... 

Mnangagwa seeks cash in Russia as Zimbabwe descends into chaos

By: Bloomberg     15th January 2019 Zimbabwean President Emmerson Mnangagwa said he’s seeking loans from Russia on a visit to Moscow as protests erupted across his country Monday, leaving 24 people injured and five possibly dead. “I can’t say that we want this much or that much,” he said in an interview with the state-run Russian... 

Russia's Alrosa returns to diamond exploration in Zimbabwe

By: Reuters     14th January 2019 Russian diamond giant Alrosa has set up a subsidiary in Zimbabwe to begin mining operations there, it said on Monday, more than two years after it shelved plans to expand into the southern African country. Alrosa, the world's largest diamond producer by output, started conducting geological... 

World's highest gasoline price prompts strike in Zimbabwe

By: Bloomberg     14th January 2019 Police clashed with protesters in the Zimbabwean capital as the main labor-union confederation began a national strike after the government more than doubled fuel prices to the highest in the world. The stay-away comes as a foreign-exchange shortage has sparked scarcities of everything from fuel... 

Zimbabwe miner RioZim demands $92m from central bank in lawsuit – document

By: Reuters     22nd November 2018 Zimbabwean miner RioZim is demanding $92-million from the central bank in a lawsuit brought to force the Reserve Bank to pay for more of its gold purchases from the company in US dollars, court documents showed. Miners are struggling as Zimbabwe grapples with an acute shortage of dollars. 

Zimbabwe gold producers warn currency shortage threatens output

By: Bloomberg     29th October 2018 Zimbabwean gold producers may suspend operations because a foreign-exchange shortage has left them with insufficient funds to cover production costs, the main industry lobby group said. Curbing output would deprive the country of a key source of export earnings as Finance Minister Mthuli Ncube... 

Zimbabwe lithium miner sees first production in Q2 next year

By: Reuters     29th October 2018 Zimbabwe Lithium Company (ZLC) expects to complete a pilot plant and start production of lithium concentrates in the second quarter of 2019 after a legal dispute delayed work on the project, its chief executive said on Monday. John McTaggart said ZLC was in discussion with several finance groups... 

RioZim to sue central bank over dollar payments

By: Reuters     9th October 2018 Zimbabwe's gold miner RioZim on Tuesday said it would take legal action to force the central bank to pay it in US dollars for part of its output, signalling impatience by mining companies over acute dollar shortages afflicting the economy. The shortages have worsened since 2016 and are the... 

Metallon may pay suppliers in gold amid Zimbabwe cash shortage

By: Bloomberg     18th September 2018 Metallon Corp. is considering paying mining-equipment suppliers in gold because a cash shortage in Zimbabwe is hampering its plan to expand output, Chief Executive Officer Mzi Khumalo said. Zimbabwe, which abandoned its own currency in 2009 because of hyperinflation, has faced cash shortages for... 

Wacker Neuson makes its mark in Zimbabwe with appointment of new dealer - Pelgin Consulting Services

14th September 2018 Expanding its dealer network past the South African border, Wacker Neuson, a global leading manufacturer of light and compact equipment, appointed family-owned Pelgin Consulting Services (Pvt) Ltd. as its official dealer in Zimbabwe on 28 August 2018 during an opening celebration held in Harare.... 

SA cities not among the least liveable

By: Martin Zhuwakinyu     14th September 2018 South Africans are a whinging lot – there is survey data from credible research entities to prove this – and one of biggest gripes is about living conditions in towns and cities, especially in the less-well-to-do areas, better known in our lingo as ‘locations’ or ‘townships’. The service delivery... 

Hundreds of Mazowe Mine employees in Zimbabwe reportedly to be retrenched

By: African News Agency      3rd September 2018 Hundreds of Mazowe Mine employees will reportedly lose their jobs after the company was put under care and maintenance in Zimbabwe. Mazowe Mine is part of the Metallon Corporation group which includes How Mine, Mazowe Mine, Shamva, and Redwing Mine. The employees have reportedly been given three... 

Budget airline continues to refine its service and aircraft mix

By: Rebecca Campbell     17th August 2018 Pan-African low cost carrier Fastjet (which operates under the brand fastjet) is continuing its programme of optimising its services, routes, and fleet, to restore its financial health, ensure it becomes a sustainable going concern, and thereafter achieve consistent profitability. “As a... 

Whither Zimbabwe?

By: Martin Zhuwakinyu     17th August 2018 It could be back to the future for Zimbabwe, where many had set great store by the general elections held on July 30, which returned the governing Zanu-PF and its Presidential candidate, Emmerson Mnangagwa, to power. Mnangagwa had been interim head of State since the November 2017 ouster of... 

Low cost airline Fastjet makes further changes to its market offering

By: Rebecca Campbell     6th August 2018 Pan-African low cost carrier Fastjet (which operates under the brand fastjet) is continuing its programme of optimising its services, routes, and fleet, it reported on Monday. The aim is to restore its financial health, ensure it becomes a sustainable going concern, and thereafter achieve... 

Suspicious calm before Zim elections

By: Martin Zhuwakinyu     13th July 2018 Zimbabweans go to the polls in about two-and-a-half weeks and, for the first time in yonks, the name of Robert Mugabe – who was deposed in November in an army-led operation that everyone seems to refuse to call a coup – will not be on the ballot paper. The ‘secret’ to Mugabe’s political longevity... 

Transportation Components’ Duroline and Eren friction material – an aftermarket ‘brake-through’ for safe, reliable and more cost-effective trucks and trailers

10th July 2018 South Africa's heavy vehicle transportation sector is a highly competitive industry, and those involved in it are constantly looking for ways in which to save costs. Most transport companies understand that investing in a top-quality heavy transportation truck and trailer will ultimately deliver... 

Hwange of Zimbabwe coal output to surge on underground mining

By: Bloomberg     2nd July 2018 Hwange Colliery Co expects to boost underground coal production five-fold this month when it restarts operations after a two-year hiatus, a company official said. The resumption will help the loss-making company tap more lucrative deposits of coking coal, used to make steel, as it seeks to... 

More airlines fly into Cape Town, connecting countries in Africa

By: Kim Cloete     13th June 2018 Two African airlines have launched flights to Cape Town over the past month, bringing more business and tourism opportunities to the Mother City. Kenya Airways launched a nonstop direct flight from Nairobi to Cape Town on June 6. The new service operates a Boeing 737-800. This is in addition to... 

Zimbabwe Parliament drops call for Mugabe to answer questions on diamond mines

By: Reuters     12th June 2018 Zimbabwe's parliament on Monday backed down from its demand for former President Robert Mugabe to answer questions related to diamond mining operations during his time in office. In what would have been his first public appearance since being ousted in a de facto military coup in November,... 

City of Cape Town to spend R2.1bn on housing 

By: African News Agency      7th June 2018 The City of Cape Town on Thursday said its Transport and Urban Development Authority (TDA) will spend R2.1-billion on the development of new housing opportunities. This comes after the TDA budget for the next financial year, starting on 1 July 2018, was set at R5.34-billion. 

Land ceded by Zimplats to be used for Karo's $4.2bn project

By: Bloomberg     7th June 2018 A platinum-bearing mine concession ceded by a subsidiary of Impala Platinum will be used by Karo Resources to develop a $4.2-billion mining complex, Zimbabwe’s mines minister said. Impala, based in Johannesburg, on Wednesday said its Zimplats subsidiary had agreed to release 23 903 ha of land to... 

Zimbabwe removes requirement for foreign mines to list locally

By: Reuters     1st June 2018 Zimbabwe's Parliament has passed amendments to the mining bill after removing clauses that required foreign mining companies to list locally, according to an official record of Parliament's debates seen on Friday. Mines Minister Winston Chitando had last month promised to remove the requirements,... 

Tharisa may join Karo in $4.2bn Zimbabwe platinum project

By: Bloomberg     31st May 2018 Tharisa, the platinum and chrome miner run by the Pouroulis family, is considering investing in a $4.2-billion platinum project in Zimbabwe being developed by another company founded by the family. Tharisa would join Karo Resources, founded by mining entrepreneur Loucas Pouroulis, in building the... 

Africa Day – 55 years on

By: Martin Zhuwakinyu     25th May 2018 As you read this piece, I am probably putting together the next instalment or doing whatever else my job description demands I should be doing each weekday. But colleagues in countries such as Ghana, Lesotho, Mali, Namibia, Zambia and Zimbabwe are probably braai-ing in their backyards or engaging... 

Biomimicry is one of the top tech trends, says expert

By: Kim Cloete     16th May 2018 Nature-inspired design – biomimicry – has been highlighted as one of the key technology trends that will shape the future and is beginning to transform industries across the world. The rapidly growing field focuses on adapting nature’s solutions to solve man-made design challenges. 

Zimbabwe Parliament delays Mugabe's questioning on diamond revenue

By: Reuters     8th May 2018 Former President Robert Mugabe will not appear before Zimbabwe's Parliament as scheduled on Wednesday to answer questions on diamond mining operations, a legislator said. Temba Mliswa, who leads the Parliamentary committee on mines, said the clerk of parliament hadn't written to Mugabe to invite... 

Zimbabwe miner looking at refinery upgrade for battery grade lithium

By: Reuters     7th May 2018 A Zimbabwean mining company is considering upgrading a local nickel refinery to produce battery grade lithium or alternatively build a new lithium carbonate plant at a cost of up to $150-million, its managing director said on Monday. Lithium is in demand globally as a battery metal needed for the... 

Zimbabwe to sign $700m coal-bed methane deal this month

By: Bloomberg     3rd May 2018 Zimbabwe’s government plans to sign a $700-million deal with an investor that will develop a coal-bed methane site, Mines Minister Winston Chitando said. The accord comes as new President Emmerson Mnangagwa, who took office in November, courts foreign investment to rebuild an economy that halved... 

Marange villagers disperse after diamond protest in Zimbabwe

By: African News Agency      25th April 2018 After two days of demonstrations – which at one stage turned violent – disgruntled villagers from Zimbabwe’s diamond-rich area of Marange on Tuesday began dispersing after a day of running battles with the police. There were no major injuries reported. Police fired tear gas and threatening to... 

Zimbabwe's parliament orders Mugabe to answer questions over diamonds

By: Reuters     20th April 2018 Zimbabwe's parliament has ordered former leader Robert Mugabe to answer questions next month about whether the state was deprived of $15-billion in diamond revenue, a legislator said on Friday. It will be Mugabe's first public appearance since last November when the army deposed him in a de facto... 

Illegal gold miners invade Grace Mugabe's farm amid legal dispute

By: Reuters     20th April 2018 A farm owned by Robert Mugabe's wife Grace is at the centre of a legal dispute after hundreds of illegal gold miners invaded parts of the property and started mining gold. A Reuters photographer saw hundreds of illegal miners digging for gold at the Smithfield citrus farm using picks and shovels,... 

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