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Canadian miner said to be in talks to buy Zimbabwe gold project

By: Bloomberg     Updated 6 hours ago Canada-based B2Gold is considering buying an idled Zimbabwean gold mine – if it can be exempted from a law that requires producers to sell all the metal to the country’s central bank, people familiar with the situation said. Securing an exemption may open the way for further investment by gold... 

Zimbabwe awards platinum concession to firm linked to Nigerian billionaire

By: Reuters     23rd May 2019 Zimbabwe has awarded a concession to explore for and mine platinum to a company linked to a Nigerian billionaire as the country speeds up investment in a mining sector it hopes will transform the country's struggling economy. The concession comes just over a year after President Emmerson... 

Zimbabwe mine output subdued in first quarter as dollar crunch bites

By: Reuters     22nd May 2019 Zimbabwe's mining sector was subdued in the first quarter due to a severe dollar crunch that affected production, with gold the most hit, the mining chamber said, adding some bullion miners had experienced recently introduced power cuts. Mining generates most of the export earnings for the... 

Zimbabwe platinum mines to ride out power cuts, gold output less secure 

By: Reuters     15th May 2019 Power imports are cushioning platinum mining companies against Zimbabwe's worst blackouts in three years, but gold mines could face production cuts as they continue to rely on an unstable national grid, industry officials said. State utility ZETDC this week started indefinite rolling power cuts... 

Military stake stymies $4bn Zimbabwe platinum project  

By: Bloomberg     15th May 2019 A plan to build Zimbabwe’s biggest platinum mine at a cost of about $4-billion is floundering because a military stake in the project has deterred potential backers, according to people familiar with the funding discussions. The African Export-Import Bank has the mandate to raise money for the... 

Abandoned gold mines a 'deadly panacea' for Zimbabwe's jobless

By: African News Agency      10th May 2019 At a small mining community in Battlefields near Kadoma, about 157 km south west of the capital, jobless people sit under trees to escape the burning sun. It is the same place where 26 artisanal gold miners perished underground when a dam upstream burst its walls and flooded tunnels. The tragedy... 

Zimbabwe warns of power cuts as dam levels fall, ageing plants stutter

By: Reuters     9th May 2019 Zimbabwe's state-owned power utility on Thursday warned it may ration electricity supplies as low water levels reduce output from its biggest hydro plant, while ageing coal-fired generators are shuttered or running at reduced capacity. Power cuts would hit the mining sector – which contributes... 

China's Tsingshan expands plans for Zimbabwe steel plant

By: Reuters     24th April 2019 China's Tsingshan Holding Group has expanded its plans for a steel plant in Zimbabwe to include a power plant and a lithium concession, Zimbabwe's Mines Minister Winston Chitando said on Tuesday. President Emmerson Mnangagwa's government is trying to woo foreign investors, especially in mining,... 

Zimbabwe attracts two new investors to develop platinum mining projects 

By: Reuters     17th April 2019 Zimbabwe will in coming weeks name two new investors who will develop separate platinum mining projects west of the capital as the country ramps up mining output in an attempt to ease a severe dollar shortage, the mines minister said on Wednesday The southern African nation has the second largest... 

Metallon halts output at three Zimbabwe gold mines over debts

By: Bloomberg     15th April 2019 Gold producer Metallon Corp halted output at three of its four mines in Zimbabwe because of mounting debts, as a South African newspaper reported the owner is considering selling the operations. The suspension is the latest sign of stress in the southern African nation’s gold industry, which has... 

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