Small scale miners warn Mthuli: Your new gold royalty will only increase smuggling
The Zimbabwe Miners Federation (ZMF) says Finance Minister Mthuli Ncube’s plan to double gold royalties will scare off new investment…
Category: Mining
Caledonia cautions on cash flow strain under new royalty system
JERSEY-DOMICILED miner, Caledonia Mining Corporation, has warned that Zimbabwe’s proposed 2026 gold royalty reforms will squeeze profitability and cash generation…
Mineral earnings expected to rise to US$7bn
MINERAL earnings are expected to end the year at US$7 billion before growing to US$7,5 billion in 2026, buoyed by…
RioZim workers challenge corporate rescue
THIRTY RioZim Limited workers have lodged affidavits with the High Court to oppose a corporate rescue application by their labour…
Namib Minerals’ US$400m investment plan gathers steam
NASDAQ-listed Namib Minerals needs between US$300 million and US$400 million to finance its multi-asset expansion programme in Zimbabwe. This comes…
Mining firms to lose licences in new crackdown
THE government is set to introduce sweeping reforms to enforce environmental compliance in the mining sector, including a landmark proposal…
Mapakame lands mine managers’ presidency
THE Association of Mine Managers of Zimbabwe (AMMZ) has announced a new presidium and council led by Shamva Mine general…
Sabi Gold Mine exits judicial management
Sabi Gold Mine, a unit of Zimbabwe Mining Development Corporation, has exited judicial management, having more than doubled its annual…
No gold is worth a life, miners warned as rains begin
SMALL-scale miners have been called upon to exercise extreme caution and prioritise safety in their operations amid risks of flooding…
Econet pays ZiG4.3bn in taxes
(NewsDay Live) – Econet Wireless Zimbabwe has paid over $4.3 billion in taxes to the national fiscus, according to the…