RSS 2.0 FeedMining and Industry Indaba
Zimbabwe orders mining firms to bank locally: paper
Sun, Mar 18, 2012
HARARE (Reuters) - Zimbabwe has ordered foreign mining firms to deposit their export earnings with local banks, state media reported on Sunday, the latest government move to exert pressure on miners as it tries to address the dollar crunch afflicting its economy.
Biti, Mpofu Tussle Over Diamond Revenue
Sun, Mar 18, 2012
FINANCE minister, Tendai Biti, and Mines and Mining minister, Obert Mpofu, are expected to meet soon to strategise on ways of making sure that revenue from the sale of diamonds flows into the national treasury to benefit all Zimbabweans.
Mugabe and wife the biggest defaulters on electricity bill
Sat, Mar 17, 2012
HARARE - President Robert Mugabe and his wife Grace are some of the state-owned power firm Zesa Holdings’ biggest debtors.
More Zesa VIP debtors shamed
Sat, Mar 17, 2012
HARARE - The conspiracy to bleed state power firm Zesa by not paying bills running into millions ran through the President’s Office and state institutions to ministers, the military, MPs and Zanu PF district offices reports the Daily News.
Zimbabwe's diamonds are not forever
Fri, Mar 16, 2012
Sanctioned to a breaking-point, Zimbabwe's one and only president since independence, Robert Mugabe has driven the southern African country on economic fumes, but are the fumes fizzling away?
Zimbabweans in the Dark as Mozambique Reduces Power Exports to Harare Over Unpaid Debt
Thu, Mar 15, 2012
Energy Minister Elton Mangoma told the VOA Thursday that Mozambique’s power utility, Hydro Cahora Bassa, had pulled the plug on Harare over the debt resulting in most residents in the country going for more than 10 hours a day without power
Zimbabwe’s largest platinum producer reaches deal to turn over 51 percent to government
Wed, Mar 14, 2012
HARARE, Zimbabwe — Zimbabwe’s biggest platinum producer said Tuesday it has reached an “acceptable” agreement with the government under empowerment laws demanding it yields 51 percent ownership to blacks.
Diamond mining benefits unseen in Zimbabwe
Mon, Mar 12, 2012
There is concern that money from diamond mining in Zimbabwe is not flowing through to the country's economy.
Fertiliser company shuts down
Fri, Mar 09, 2012
Zimbabwe’s main Ammonium Nitrate fertiliser producer, Sables Chemicals has been closed.
Implats dispute with Zimbabwe deepens
Thu, Mar 08, 2012
- A war of words between South Africa's Impala Platinum and Zimbabwe intensified on Thursday, when the world's second-biggest platinum producer denied offering to hand over a stake in its local unit to the government.
Zimbabwe says Implats makes offer on unit stake
Wed, Mar 07, 2012
HARARE, - Impala Platinum, the world's second-biggest producer, has made an "irrevocable offer" to hand over a 29.5 percent stake in its Zimplats unit to a Zimbabwe state-run fund, a senior minister said on Wednesday.
Zimbabwe NGOs Granted Permission to Visit Controversial Marange Diamond Fields
Wed, Mar 07, 2012
The organizations going on the state-assisted tour Wednesday include the National Association of Non-Governmental Organizations, Crisis in Zimbabwe Coalition, Center for Research and Development, Counseling Services Unit and the Zimbabwe Lawyers for Human Rights
World Black market dirties Zimbabwe diamond fields
Tue, Mar 06, 2012
MUTARE: Just weeks before a global ban was lifted on Marange diamonds in Zimbabwe, an outpouring of mourners clogged the usually sleepy streets of Mutare in the eastern mining region.
Zimbabwe Rejects Zimplats Call to Extend Date to Cede Stake
Tue, Mar 06, 2012
Zimbabwe rejected a request by Zimplats, a unit of Impala Platinum Holdings Ltd. (IMP), to extend a deadline to hand over a 29.5 percent stake to the country.
Dube's Appointmentt to Head Marange Diamond Mine to Raise Eyebrows
Mon, Mar 05, 2012
Harare, - In what might solidify calls by the Global Witness to call Zimbabwe parliamentarians to pass legislation to ban serving or retired members of the armed forces from heading or owning shares in diamond companies to prevent diamond revenues from financing violence in elections, a former senior army Colonel Tshinga Dube was appointed chairperson of Marange diamond mine.
Dirty deals dog Zimbabwe Marange diamond fields
Mon, Mar 05, 2012
JUST weeks before a global ban was lifted on Marange diamonds in Zimbabwe, an outpouring of mourners clogged the usually sleepy streets of Mutare in the eastern mining region.
Small Scale Chrome Miners Appeal To Zimbabwean Govt For Grace Period
Mon, Mar 05, 2012
HARARE, NEW ZIANA) -- As the impasse between the Zimbabwean government and small-scale chrome miners persists, the latter are appealing for a 36-month grace period to export stocks of the mineral which they have accumulated to enable them to raise capital to set up own smelters.
Zimbabwe: Establish Independent Diamond Body - Biti
Mon, Mar 05, 2012
THERE is urgent need to establish an independent body to oversee the production and sale of diamonds, as recorded output of the gem appears grossly understated, Finance Minister Tendai Biti has said. The minister said while Zimbabwe was projecting an output of about 45 million carats this year, it has since been established that Anjin, one of the diamond firms, has the capacity to produce that output in just three months.
Zimbabwe Seeking 'Lost' Diamond Revenue
Fri, Mar 02, 2012
JOHANNESBURG—Zimbabwe said Thursday it is seeking to trace lost revenue from the country's vast mineral reserves, as part of an attempt to shore up its finances.
Zimbabwe's Power Utility Cuts Off Electricity to Ministers in Arrears on Bills
Thu, Mar 01, 2012
Sources Local Government Minister Ignatius Chombo, Manicaland Governor Christopher Mushowe and Energy Permanent Secretary Justin Mupamanga owe a comb
Zimbabwe "sick and tired" of Implats delays
Wed, Feb 29, 2012
A Zimbabwean minister launched a verbal attack on Impala Platinum Chief Executive David Brown, saying on Wednesday he was "sick and tired" of the mining group's failure to comply with local black ownership laws.
Zimplats given two weeks to hand over 29.5 pct stake
Mon, Feb 27, 2012
- Impala Platinum's Zimbabwe unit, Zimplats, has been ordered to transfer 29.5 percent of its shares to a state-run fund in order to comply with local empowerment laws, according to a letter written by a government minister.
Zimbabwe Indigenization Minister Threatens to Nationalize 30 Mining Firms
Sat, Feb 25, 2012
ndigenization Minister Saviour Kasukuwere told a parliamentary committee this week that he is giving 30 mining companies which have not filed plans for indigenization two weeks to comply with the law
Aquarius Falls to Three-Year Low: Johannesburg Mover
Sat, Feb 25, 2012
(Bloomberg) -- Aquarius Platinum Ltd., the fourth- largest producer of the metal, fell to a 39-month low in Johannesburg as Zimbabwe rejected a joint proposal with Impala Platinum Holdings Ltd. to meet local ownership rules.
Zimbabwe Government Mulls Import Ban On Unqualified Tyres
Fri, Feb 24, 2012
HARARE, The Zimbabwean government has set up a technical committee to explore the proposal to ban imported tyres, that do not conform to the local climate and roads, a government official said.
Zimbabwe partially rejects Mimosa indigenisation plan
Fri, Feb 24, 2012
JOHANNESBURG (miningweekly.com) – Platinum miners Impala Platinum (Implats) and Aquarius Platinum said on Friday that Zimbabwe had rejected a portion the indigenisation plan for the Mimosa mine, which they jointly own.
Zimbabwe starts to pressurise Implats
Thu, Feb 23, 2012
Zimbabwe minister of youth development, indigenisation and empowerment Saviour Kasukuwere says he stands by a demand issued at a public rally earlier this week that Impala Platinum (Implats) relinquish its 50% shareholding in Mimosa Platinum. Mimosa is wholly owned by Mimosa Investments Limited, a Mauritius-based company jointly held by Implats and Aquarius Platinum Limited (Aquarius) in a 50:50 joint-venture.
India creates jobs with Zimbabwean diamonds while we suffer violence and unemployment
Tue, Feb 21, 2012
SURAT/AHMEDABAD: With imports of low-range rough diamonds from Zimbabwe expected to soar, it's going to rain jobs in Surat, the world's largest cutting and polishing centre, this year.
Zimbabwe's new fees will cripple mines: industry
Tue, Feb 21, 2012
HARARE - Zimbabwe's new mine licence fees and resource rentals will significantly raise the cost of mining and threaten the sector's viability, with as much as 60 percent of mining revenues going to the government, an industry body said on Monday.
Essar Africa To End Zimbabwe’s Electricity Woes
Sun, Feb 19, 2012
Bulawayo,- Essar Africa Holdings Limited (EAHL), an Indian steel making company has applied to the government to construct and operate a 600 Megawatt (MW) station to generate and supply electricity across the Zimbabwe.
Zimbabwe needs diamond money: PM
Thu, Feb 16, 2012
MARANGE, Zimbabwe — Zimbabwe Prime Minister Morgan Tsvangirai said Thursday the government desperately needs revenue from diamond sales, after the lifting of a global ban imposed over military abuses.
Zambia, Zimbabwe sign $4bn 1,650 mega watts Batoka power project deal
Thu, Feb 16, 2012
ZAMBIA and Zimbabwe have signed a memorandum of understanding (MoU) to jointly construct the 1,650 mega watts Batoka Hydro-power project which is estimated to cost in excess of US$4 billion.
Mugabe makes a killing on the Indian Diamond market
Thu, Feb 16, 2012
Cheap roughs from Zimbabwe have bowled over diamantaires in India, leaving diamond giants Alrosa, De Beers and Rio Tinto struggling under price and selling pressure.
ZESA gets tough with debtors
Tue, Feb 14, 2012
Harare - Threatened with being cut off from electricity imports from its neighbours for non-payment, Zimbabwe's state-owned power utility said on Tuesday it would cut off hundreds of top politicians and civil servants who refuse to pay their bills.
Zim diamond miner gets watchdog OK
Sun, Feb 12, 2012
Harare - International diamond watchdog the Kimberley Process (KP) has certified Zimbabwe's Diamond Mining Company to sell gems from the violence-tainted Marange fields, state media reported on Sunday.
Zimbabwe Diamonds Won’t Affect De Beers
Sun, Feb 12, 2012
RAPAPORT... The large quantities of rough diamonds from Zimbabwe’s Marange mines currently entering the market will have little impact on demand for De Beers goods or its prices, Philippe Mellier, De Beers chief executive officer (CEO) told Rapaport News.
Where is Zimbabwe’s diamonds cash going?
Thu, Feb 09, 2012
Amid claims that Marange diamonds have brought stiff competition on the international market, causing prices to fall sharply, especially in India (the Herald, 6 February 2012) the big question is ‘Where is Zimbabwe’s diamonds cash going?’
'Blood Diamonds for Blood oil?'
Tue, Feb 07, 2012
ZIMBABWE and Equatorial Guinea are set to sign an oil deal worth US$1.5 billion in return for mining rights.
Zimbabwe Approved Business Plans Worth US$6.6 Billion in 2011
Tue, Feb 07, 2012
Economic Planning Minister Tapuwa Mashakada said foreign investors are discouraged by policy inconsistencies, especially indigenization which obliges foreign firms to put a 51 percent stake in black hands
Zimbabwe diamonds not blood diamonds , says KPCS chair
Tue, Feb 07, 2012
Zimbabwe's Marange diamonds cannot be classified as conflict gems, newly-elected Kimberley Pro-cess Certification Scheme chairperson Ambassador Gillian Milovanovic has said.The statement deals a blow to Western-sponsored NGOs' efforts to have the gems branded blood diamonds. Ambassador Milovanovic said Cote d'Ivoire was the only country dealing in conflict diamonds.
Mozambique threatens to cut power to Zimbabwe
Mon, Feb 06, 2012
MOZAMBIQUE has threatened to cut off power supply to Zimbabwe over a US$5 million debt. Hydro Cahora Basa supplies Zimbabwe with about 500 megawatts to cover shortfalls.
Zimbabwe to shine out in rough diamond market
Sun, Feb 05, 2012
SURAT: Backed by high demand from the world's biggest diamond cutting and polishing centre in Surat, Zimbabwe is all set influence price and demand for rough diamonds in 2012. The market is currently ruled by the giant mining companies like De Beers, Alrosa and Rio Tinto.
