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· But apart from research-based forecasts, Zimbabwe's miners have been unsettled by foreign currency shortages, escalating exchange rate volatilities and recent steep surges in annual inflation. For Zimbabwe, the most damaging international report came from the American-based Fraser Institute. "This year, Zimbabwe replaced Venezuela as the
Learn More· In 2022, Zimbabwe set out an ambitious drive to increase revenue from mining to 12 billion dollars by 2022, with Chinese investments contributing immensely toward achieving that goal. Enditem
Learn More· Zimbabwe's gold production fell 30% to tonnes in the first quarter of this year, while export earnings from the yellow metal also declined, central
Learn More· Substantial year-on-year cereal production declines are forecast in Malawi, Zambia and Zimbabwe, where harvests are likely to fall to below-average to average levels after the bumper outputs obtained in 2022, according to the Food Agriculture Organisation. Thanks to firm mineral prices (nickel, gold, and platinum).
Learn MoreMining Zimbabwe 1 min · ZIMBABWE'S total gold output for the first five months of the year spiked by 86,3 percent to 13,171,58kg compared to 7,068,85kg in the corresponding period in 2022, official data show. Gold production jumps 86,3
Learn More· Zimbabwe is targeting to grow export revenue from minerals to US$12 billion by 2022 as it seeks to transform the country into an upper-middle-income economy by 2022. The US$12 billion mining
Learn More· In 2022, total FDI stock stood at USD billion and represented % of the GDP. The FDI inflows increased significantly to USD 745 million in 2022, compared to pre-crisis period and 2022 (USD 349 million), according to the UNCTAD's 2022 World Investment Report.
Learn More· The Chamber of Mines in Zimbabwe (CoMZ) recently predicted that production from mining could reach US$18 billion by 2022 if key challenges in the sector are ironed out through policy and legislative reforms. The following are some of the key pieces that need to be fixed in order to attain the government's US$12 billion target in three years' time.
Learn More· 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
Learn More· While it is understandable that the government is desperate to meet its target for the mining sector to earn US$12 billion per year from minerals from the year 2022, which is an election year, this should not be done wantonly and at such a huge cost — both socially and economically — to rural communities.
Learn More· There are various tax incentives given to miners involved in exploration and mining. For holders of special mining leases, taxation is at a flat rate of 15% as opposed to % for other miners. The holders may, however, be liable to additional profit tax calculated based on a
Learn More· ZIMBABWE'S ongoing power shortages contributed to at least 20% output losses to the country's mining sector, the 2022 third quarter treasury bulletin published by the Finance Ministry has reported. The bulletin acknowledged that the majority of players in the extractive sector experienced severe power outages. "Power shortages was the major challenge for the
Learn MoreZIMBABWE'S total gold output for the first five months of the year spiked by 86,3 percent to 13,171,58kg compared to 7,068,85kg in the corresponding period in 2022, official data show.
Learn More· HARARE – Zimbabwe's mining output is expected to grow by 2,4 percent in 2022 buoyed by increased output in gold, chrome, coal, nickel, platinum and diamonds, a Cabinet minister has said. Presenting his 2022 National Budget on Thursday last week, Finance minister Patrick Chinamasa said the sector also expected improved investment flows in the coming year.
Learn More· There has been a steady rise in gold output since January, when the industry produced 997,6 grammes before increasing to 1,17 tonnes in February. Output further increased to 1,8 tonnes in March, then to 2,92 tonnes in June, 2,94 tonnes in August and reached the all year high monthly output of 3,17 tonnes in September.
Learn More· The biggest diamond miner in Zimbabwe said it will be able to increase production of rough gems by about 30% to 3 million carats this year thanks to improved mining methods. Zimbabwe Consolidated
Learn More· 0 56. GOLD output surged by 29% during the nine months ended September 30, 2022 after robust international prices improved Zimbabwean producers' cashflows, as fresh throughput from previously dormant assets started flowing into the market, official data showed this week. The data released by Fidelity Printers and Refiners (FPR) showed output
Learn More· Mnangagwa said that Zimbabwe, with support from foreign investment, could fully develop lithium resources and help attain 'a mining output value reaching $12bn in 2022' goal. With the new investment, Sinomine plans to increase the mining and processing capacity at the Bikita mine to by the end of this year.
Learn More· The US$12 billion mining sector curse. SHOCKING developments have rocked Zimbabwe's mining sector lately. Swathes of mineral fields have been controversially parcelled out to Chinese investors at a scale never seen before, even in colonial times. Chinese firms are scouring for minerals across the country, including in wildlife sanctuaries
Learn More· 94. FINANCIAL services outfit, Old Mutual Investment Group (OMIG) says government's target to ramp up gold output to 100 tonnes per annum will be achievable, although serious efforts towards stemming rampant smuggling would be key. OMIG commented on the government's grand plan last week, after reports said Zimbabwe could be losing billions
Learn More· Zimbabwe's mining industry growth plan entails increasing individual mineral output, among the over 40 mineral occurrences, including but not limited to gold, platinum chrome, nickel, coal
Learn More· Located about 150km south-west of Harare, Ngezi is Zimbabwe's principal platinum-group metals producer. Operated by Makwiro Platinum Mines, owned 70% by Zimbabwe Platinum Mines (Zimplats) and 30% by the South African mining company, Impala Platinum. Ngezi replaced the failed Hartley operation, which was developed by Australian
Learn More· Z imbabwe's platinum production registered a modest 6% growth to 475 000 ounces in 2022 although overall output is seen marginally lower this year. The World Platinum Investment Council (WPIC) said output rose in Zimbabwe, from 448 000 oz in 2022, as the backlog of semi-finished inventory was processed through South African smelters and refineries.
Learn MoreInvestment in Zimbabwean platinum mining has been gradual to date inhibited by an uncertain political climate The establishment in 2022 of a cross party inclusive government in Zimbabwe has given grounds for cautious optimism over the operating environment for the mining industry but the political situation remains somewhat fragile .
Learn More· Source: Tharisa to set more mining output records, looks to Zimbabwe | Reuters. LONDON (Reuters) – South African-focused platinum and chrome miner Tharisa reported on Monday record production for the full year ended Sept. 30 and said it would increase output further in 2022, sending its share price higher.
Learn More· The Mines and Minerals Act (Chapter 21:05) (the Act) is the principal Act regulating the mining industry in Zimbabwe. There are several regulations and
Learn More· Infrastructure works for the first $250 million (~ billion) phase of the open-pit mine will start later this year, Tharisa CEO Phoevos Pouroulis said in an interview. The operation, 120km west of Zimbabwe's capital Harare, will produce 150 000 ounces of PGMs in its first phase and have a 20-year life.
Learn More· The biggest diamond miner in Zimbabwe said it will be able to increase production of rough gems by about 30% to 3 million carats this year thanks to improved mining methods. Zimbabwe Consolidated Diamond Co.'s mines in the east of the country have so far met monthly targets of 200,000 carats, Chief Executive Officer Mark Mabhudhu said in an interview in
Learn More· That decline keeps miners from meeting the demands of one of Zimbabwe's main power stations. "This year we received more than normal rainfall. We once recorded 90 millimeters of rain in three
Learn MoreASM in Zimbabwe has been producing significant amounts of gold which sometimes is seen to surpass large scale mining. In 2022, ASM produced 60% of the total gold produced in Zimbabwe (c. 29 tons); in 2022 the ASM sector produced 50% of the total gold production in Zimbabwe (21 tons). In the years between 2022 and 2022 the production from ASM
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