Power Shortages and Cash Flow Challenges Hamper Mining Production
DT Correspondent Harare, Zimbabwe – The mining and manufacturing sectors in Zimbabwe continue to face significant hurdles to production, including electricity challenges, capital constraints, and an uncertain economic environment, according to a survey conducted by the Zimbabwe Statistics Agency (Zimstat). The Business Tendency Survey for the third quarter of 2023, focusing on the manufacturing and […]
Gold Deliveries Hit Record Low, Down by Over 75%
FIDELITY Gold Refineries (FGR) has reported a dramatic 75% decline in gold deliveries from small scale and artisanal miners, a first in recent years.
Mining Dispute Escalates as CIO’s US$70k Car Burnt by Workers
DT Correspondent Three mining workers in Pfungwe found themselves in court on Tuesday, appearing before Mutawatawa Magistrate Mr Obedience Matare on charges of setting fire to a car valued at $70,000. The vehicle was allegedly owned by a suspected member of the Central Intelligence Organization (CIO) and was destroyed during a mining dispute. According to […]
Mimosa Records 3 percent Increase in Production Despite Power Interruptions
DT Correspondent Zimbabwe’s second-largest platinum group metal (PGM) producer – Mimosa Mining Company, managed to achieve a 3 percent increase in tonnes milled during the quarter ending September 30, 2023, compared to the same period in 2022 despite intermittent power interruptions. Implats, a 50 percent shareholder in Mimosa, highlighted the challenges faced by the company […]
Invictus Energy Extends Rig 202 Contract for Future Drilling Operations
DT Correspondent Australia Stock Exchange-listed oil and gas exploration company, Invictus Energy, has successfully executed a contract amendment with Exalo Drilling S.A. (“Exalo”) to extend the presence of Rig 202 in Zimbabwe’s Cabora Bassa Basin for up to two years. This extension will facilitate the drilling and testing of future wells, solidifying Invictus’ commitment to […]
Rushwaya Endorsed as president of ZMF
DT Correspondent Harare: The Zimbabwe Miners Federation (ZMF) Executive has unanimously endorsed Ms Henrietta Rushwaya as the President of the organisation, according to its Secretary General, Mr Morgan Mugawu. During a meeting held in Harare on November 24, 2023, the motion to support Ms Rushwaya’s Presidency was raised by ZMF Midlands Province Chairperson, Mr Makumba […]
‘Value Add Diamonds to Maximise Returns’ – ZELA
DT Correspondent Zimbabwe Environmental Law Association (ZELA) has emphasised the importance of value addition and beneficiation of the country’s diamonds to ensure maximum returns. ZELA deputy director Mr Shamiso Mtisi urged the government to implement measures such as deep boiling and cleaning of diamonds before export, as Zimbabwe has been experiencing significant losses by exporting […]
Murowa Diamonds Suffers 12 percent Decline in Production
DT Correspondent Murowa Diamonds, an associate of RioZim, experienced a significant 12 percent decrease in diamond production during the third quarter of 2023 compared to the same period in 2022. Plant breakdowns were cited as the primary cause of the production slump, according to RioZim’s trading update for the third quarter. Despite this setback, the […]
Mining Sector Reigns as Top Electricity Consumer
DT Correspondent The mining industry remains the largest consumer of electricity, accounting for 24.5 percent of the country’s total consumption during the first quarter of 2023, according to data from the Zimbabwe National Statistics Agency (ZimStat). The figures reveal the significant energy demands placed on the sector, with implications for both the industry’s growth and […]
Govt Adjusts Royalties to Ensure Mining Profitability
…Monitors Commodity Prices