Zimbabwean miners could pay half of their royalties in minerals as part of a plan by Government to build up mineral reserves. Currently, platinum miners pay 2.5% in royalties. They start paying 5%...
ZIMRA has garnished US$24 million from Unki Mines, leaving the country’s second biggest platinum operation at risk. The revenue authority accuses Unki of underpaying royalties, but Unki has lodged an urgent court appeal against...
Sinosteel’s Zimbabwe mining unit, Zimasco, has drastically curbed its smelting capacity, due to a slump in ferrochrome and chrome ore prices amid a global economic slowdown. Factors including Russia’s war in Ukraine and sluggish...
Huayou Cobalt, the Shanghai-listed metals company which bought Arcadia lithium mine last year, expects to complete the construction of a processing plant by year-end and deliver its first output in the first quarter of 2023.
By Alastair Ford Zimbabwe has been a complicated place to do business over the past few decades. No doubt about that. But if there’s one company that’s...
Zimplats spent US$270 million on capital projects in the year to June, up from US$159 million in the previous year, as the company expanded operations and replaced depleted mines. Last year, Zimplats announced US$1.8...
AIM-traded Galileo Resources plc, which in early August identified multiple gold targets on a permit it is exploring in Zimbabwe, says the same acreage has potential nickel mineralisation too. The company says the recent...
Kuvimba Mining House, the country’s biggest gold producer by output, plans to increase output at Shamva Mine fivefold by next year. The government holds a 65% stake in Kuvimba, which bought Shamva from Metallon...
Gold miners say they can only invest the US$1 billion required for development over the next five years if they can retain a greater share of their foreign exchange earnings.
Zimbabwe will double the royalty rate it charges mining companies on the platinum group metals (PGMs) they produce to 5% from January 2023 in a bid to increase government revenues. The country is the...
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