Mining Zimbabwe Million

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Unki takes ZIMRA to court over a $24 million dispute

Unki Platinum mine has taken the Zimbabwe Revenue Authority (ZIMRA) to court over a $24 million royalty dispute, court documents seen by Reuters show.. Unki filed an urgent application at the high court on Sept. 9 to stop ZIMRA from seizing the money from the miner's bank account, which ZIMRA claims is the value of royalties it is owed by the wholly owned …

Hwange in Over US$10 Million in Profit

Coal producer Hwange Colliery Company recorded a US$10.2 million profit before tax during the quarter ended 30 September 2023, as stated by the company's Administrator, Eng Munashe Shava, in a trading update for the quarter.. Rudairo Mapuranga. Hwange Colliery, in 2022, was placed under reconstruction for the second time in two years to revive the miner …

Caledonia Targets US$309 Million Bilboes Project …

Victoria Falls Stock Exchange-listed gold miner Caledonia Mining Corporation is advancing its US$309 million Bilboes gold project in Matabeleland, aiming to finalize a comprehensive feasibility study by early 2025, Mining …

ZimAlloys Revives Smelting, Targets 120,000 Tonnes Annual …

Kuvimba Mining House (KMH)-owned Zimbabwe Alloys (ZimAlloys) has reasserted itself as a leading alloy producer in Zimbabwe, with plans to become one of the largest high-carbon ferrochrome producers in the country, Mining Zimbabwe can report. By Rudairo Mapuranga. ZimAlloys Managing Director Deric Dube confirmed that the company has …

Mining Highlights Arising from the 2025 National Budget

Introduction The mining sector remains a vital engine for Zimbabwe's economic growth, contributing significantly to the country's GDP, export revenues, and economic …

ZCDC Targets 10 Million Carats Through Exploration Expansion

Zimbabwe's largest diamond producer, the Zimbabwe Consolidated Diamond Company (ZCDC), is on a steady path toward increasing its production to 10 million carats annually, primarily through aggressive exploration and the opening of new mining areas, said the Minister of Mines and Mining Development, Hon. Winston Chitando. By Rudairo Mapuranga

Zimasco Wins US$10 Million Legal Battle Against Zimra

In a landmark ruling, Zimasco has emerged victorious in a legal battle against the Zimbabwe Revenue Authority (Zimra), securing a judgment that absolves the company from paying US$10 million in royalties.This decision follows an extensive examination of Zimasco's tax affairs, particularly concerning the calculation of royalties from 2019 to 2022.

Opportunities for Improved Mineral Revenue Transparency in Zimbabwe…

Zimbabwe's mining sector continues to grapple with the challenges of transparency in revenue collection and distribution. While mineral extraction significantly contributes to national income, the absence of clear and accountable financial systems has impeded the sector's ability to reach its full potential, Mining Zimbabwe reports. By Rudairo Mapuranga Speaking during a …

Zimplats Spent Over US$800 Million on Major …

The country's biggest platinum group metal (PGM) producer, Zimplats, has spent US$858 million on its major projects as of June 30, 2024, according to the company's quarterly report for the period ending June 30, …

Zimbabwean miners expect profits to fall in 2025, report says

Zimbabwe's mining industry, one of its highest foreign currency earners alongside tobacco and horticulture, continues to be blighted by rolling power cuts and exchange losses. …

Ministry of Mines Allocated US$22.16 Million in 2025 Budget

The Ministry of Mines and Mining Development has been allocated ZiG$664.8 million, equivalent to approximately US$22.16 million, as part of the 2025 budget announced by the Minister of Finance and Investment Promotion, Prof. Mthuli Ncube, Mining Zimbabwe reports.

BREAKING: Kuvimba Signs Over US$300 Million BOT

Kuvimba Mining House (KMH), owned by the country's sovereign wealth fund, Mutapa Investment Fund, has entered into a significant Build, Operate, and Transfer (BOT) agreement with a Chinese consortium worth US$310 million for the Sandawana Lithium Project. By Rudairo Mapuranga. The US$310 million deal, valid for six years, aims to establish a state …

Interview – Eng. Gift Mapakame, General Manager Shamva Mine

Gift Mapakame is an accomplished leader in Zimbabwe's gold mining sector. With over 14 years of experience—more than seven in senior management— Engineer Mapakame has played a significant role in transforming Shamva Gold Mine into one of the nation's leading gold producers. Under his leadership, the Shamva mine has achieved remarkable milestones, …

Contango Secures US$20 Million Investment to …

London Stock Exchange-listed mining and exploration junior, Contango Holdings, has secured a significant US$20 million investment from its strategic partner, Huo Investments (Pvt) Limited, to advance the Muchesu …

Zimbabwe: A Wealth of Opportunity Awaits …

Prospect Lithium Zimbabwe: This joint venture swiftly developed a world-class lithium mine and processing plant in Goromonzi within nine months, demonstrating Zimbabwe's efficiency and readiness for large-scale projects. …

Zimbabwean Miners Face US$500 Million in Losses Amid …

The mining industry in Zimbabwe is facing a mounting crisis, with projected losses of US$500 million in 2025 due to worsening power outages. These disruptions are severely …

Government to Unveil US$10 Million fund for …

In an effort to promote the chrome and gemstone Artisanal and Small-scale Miners (ASM) in Zimbabwe, the government will unveil a US$10 million funding scheme to boost production and ensure responsible mining, …

Mining Opportunities in Mberengwa

Mberengwa's mineral wealth positions it as a key player in Zimbabwe's mining sector. With its abundance of high-value minerals and strategic location, the district offers vast opportunities for local and international investors. ... Kavango Secures US$13 Million to Boost Gold Mining Ventures in Zimbabwe. NEWS December 22, 2024. Recent ...

Mimosa's Local Development & Supplier Support Programs …

Mimosa Mining Company's (MMC) Local Enterprise Development (LED) and Supplier Support Program (SSP) are yielding positive results, as the PGM miner has so far capacitated five of its suppliers, some of whom are already exporting to the region, Mining Zimbabwe can report.. By Ryan Chigoche. Recently, there has been a notable relocation of …

William Gambiza officially Appointed CEO of HCCL Holdings

Hwange Colliery Company Limited (HCCL) Holdings, currently under administration, has officially appointed William Gambiza as its Chief Executive Officer (CEO), Mining Zimbabwe has learned. By Rudairo Mapuranga. This strategic appointment, made by HCCL Holdings Administrator Munashe Shava, marks a pivotal point in the company's efforts …

Mimosa Invests Over US$2 Million in Community …

Mimosa Invests Over US$2 Million in Community Development. August 28, 2024. Read Next. Zimplats Set to Commission 35MW Solar Plant. ... Mining Zimbabwe is a leading publication and online platform that covers the …

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Zimbabwe's government is taking action to support a more responsible artisanal gold mining sector, launching a $23.7 million USD project to reduce mercury across mine sites in the country. A toxic chemical used to extract gold from...

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Mining Zimbabwe Mining Zimbabwe - Latest Mining News, Policy, and Industry Updates. 23.3 C. Harare. Search. My account. Get into your account. Login ... Kavango Secures US$13 Million to Boost Gold Mining Ventures in Zimbabwe. NEWS December 22, 2024. Women in Mining Awards Hailed as a Vehicle for Empowering Miners. NEWS December 21, …

Potential to revive million-dollar mica industry

Mica in Zimbabwe is found in Hurungwe, Rushinga, Kariba and Hwange. The biggest Mica mine in Zimbabwe during the 1920s, Grand Parade employed more than 360 workers and was valued at £200,000 which when converted amounts to over USD120 million today, yet the mine had only reached a depth of 70 metres which indicates it was operating at …

Anglo American Offloads $403 Million Stake in Amplats

In Zimbabwe, where Amplats operates Unki Mine, these changes are significant. Unki is a key producer of platinum, palladium, and rhodium, which are essential for the automotive and green energy sectors. ... Anglo American has raised R7.2 billion (US$403.21 million) from the sale of a 5.3% stake in its subsidiary Anglo American Platinum (Amplats ...

Mlambo Crowned Top Outstanding Manager of 2024 at …

Renowned mineral economics expert and University of Zimbabwe lecturer, Lyman Mlambo, has been crowned the Top Outstanding Manager of 2024 (Gold) by the Zimbabwe CEO's Network, Mining Zimbabwe reports. By Patricia Rwafa. This prestigious award recognizes Mlambo's exceptional contributions to mining research, education, and industry advancement.

Zimbabwe lithium miners want royalties to be linked to prices

Zimbabwe's mining sector has lost $500 million of potential revenue due to output losses from power outages, the chamber said. During the first half of the year, the country's …

ZMF's ESG Vision Realized Through Murasta Mining's …

The Zimbabwe Miners Federation (ZMF) has achieved a significant milestone in its Environmental, Social, and Governance (ESG) strategy through the efforts of Mrasta Mining, which has incorporated ZMF's tailor-made ESG framework for the artisanal and small-scale mining (ASM) sector. This was revealed by ZMF President Ms Henrietta Rushwaya in an …

Invictus Energy Nears Completion of PPSA for Muzarabani …

Invictus Energy Limited is close to finalizing the Petroleum Production Sharing Agreement (PPSA) for its Cabora Bassa Project in the Muzarabani-Mbire Basin, marking a key step in the company's transition from exploration to development following its landmark gas-condensate discovery at the Mukuyu field, Mining Zimbabwe can report.. By Rudairo Mapuranga

ACF's $40 million aluminothermic factory to open within …

The first of its kind in southern Africa, African Chrome Fields (ACF) has announced that its new, ground-breaking aluminothermic smelting factory in Zimbabwe will open its doors within the next two months – the result of an approximate $40 million investment for the factory alone. By ACF. The plant is equipped with proprietary state-of-the-art technology which …

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