Govt fuels gold sector chaos

Government is fuelling corruption tendencies in the gold mining sector by failing to give miners the value of their product, Finance and Economic Development deputy minister Terence Mukupe has said.Gi...

By Staff reporter | Published: 8 hours ago


$300m gold trade on black market

AN estimated eight tonnes of gold deals worth close to $300 million are conducted in the informal market with the precious mineral being smuggled to mainly neighbouring South Africa, a senior governme...

By Staff reporter | Published: 19 June 2018


Gold deliveries increase by 100%

Gold miners are currently paying 14 cents per (KWH); they are paying at a premium while other users are paying 10 centsGold deliveries to Fidelity Printers and Refiners (FPR) increased 100% in the fou...

By Staff reporter | Published: 15 June 2018


Gold output hits 13.3 tonnes

Zimbabwe's gold production continues to increase after hitting 13.3 tonnes in the five months to May this year which is already higher than the 9.9 tonnes achieved during the first half last year.Stat...

By Staff reporter | Published: 14 June 2018


Gold output hits 10 tonnes

GOLD production continues to surge in the country after hitting 10,1 tonnes in the first four months of the year, which is already higher than the 9,9 tonnes achieved in the first half of last year.In...

By Staff reporter | Published: 10 June 2018


Zimbabwe gold producers upbeat

Zimbabwe gold producers say the yellow-metal subsector has potential to rake in millions of dollars in export receipts, but requires a lot of capital to recapitalise operations.The southern African co...

By Staff reporter | Published: 28 May 2018


Gold output set to breach 1999 peak of 27 tons

Zimbabwe's gold output is expected to surpass the all-time peak of tonnes after first quarter output rose 55% to 7.8 tonnes compared to the same period last year driven by a government facility for ye...

By Staff reporter | Published: 18 May 2018


Small scale miner sues Zimasco over gold claim

A SHURUGWI-BASED small-scale gold miner, Florence Mbizo, has taken the Zimbabwe Mining and Smelting Company (Zimasco), to court for allegedly encroaching into her mining claim.According to the court p...

By Staff reporter | Published: 17 May 2018


Zimbabwe proposes new gold policy

MINES and Mining Development Minister Winston Chitando says a new gold development policy is being formulated to assist artisanal and small-scale miners to ramp up production.The new policy document w...

By Staff reporter | Published: 16 May 2018


Govt targets 75 tonnes of gold annually

THE Ministry of Mines and Mining Development has set a target of producing 75 tonnes of gold annually in the next five years as Government seeks to boost reserves and increase mining sector earnings.G...

By Staff reporter | Published: 14 May 2018


Gold to hit record highs of 30 tonnes

Zimbabwe's gold production is projected to rise to a record 30 tonnes year as producers' ramp up output, Finance and Economic Planning minister Patrick Chinamasa has told Parliament.Chinamasa said gol...

By Staff reporter | Published: 14 May 2018


Monthly gold output glitters

ZIMBABWE'S gold output for the month of April increased to 2,9 tonnes from 2,7 tonnes the previous month driven by a rise in deliveries from small-scale miners, Fidelity Printers and Refineries (FPR) ...

By Staff reporter | Published: 11 May 2018


Zimpost scoops gold award at ZITF 2018

The newly branded Zimpost scooped a gold medal at the just ended Zimbabwe International Trade Fair held from April 23 to 28 2018 in Bulawayo. Zimpost came first in the Best Exhibit: Packaging, Plastic...

By Staff reporter | Published: 11 May 2018


Gold slips as dollar hits 2018 high

Gold slipped on Tuesday as the dollar surged to a new 2018 high against its rivals, though losses were limited by worries the United States may be set to pull out of a key nuclear accord with Iran.U.S...

By Reuters | Published: 08 May 2018


Falgold seeks to raise $30m

Zimbabwe Stock Exchange listed gold miner, Falcon Gold, is targeting to raise $30 million to finance a tailings treatment plant, working capital and exploration on four gold assets in Shurugwi, Midlan...

By Staff reporter | Published: 02 May 2018


Zim is the last frontier for gold mining in Africa

CANADA based Caledonia Mining Corporation plans to acquire more gold assets in Zimbabwe and increase its stake in Blanket Mine near Gwanda.This follows renewed investor confidence in the country emana...

By Staff reporter | Published: 24 April 2018


Small scale gold miners produce 4.2 tonnes in Q1

Small scale gold miners have produced 4,2 tonnes of the yellow metal in the first quarter of this year, giving a positive projection that their target of 35 tonnes can be realised.Small scale gold min...

By Staff reporter | Published: 23 April 2018


'Cops seize rich gold mine'

THE situation is tense at a gold mine in Inyathi where a person has died after police called to restore order allegedly took over operations.More than 300 illegal panners had allegedly invaded Old Mot...

By Staff reporter | Published: 20 April 2018


57.6% rise in gold deliveries

ZIMBABWE'S gold deliveries surged 57,6 percent in the first quarter of 2018 to 7,3 tonnes compared to 4,63 tonnes during the same period last year.Gold output in the first quarter of 2017 was largely ...

By Staff reporter | Published: 19 April 2018


Agarwal hires AngloGold's CEO to run Vedanta

Indian billionaire Anil Agarwal's Vedanta Resources named AngloGold Ashanti's Srinivasan Venkatakrishnan as its new chief executive officer as the diversified miner ended a year-long search for a new ...

By Staff reporter | Published: 16 April 2018


Buyanga unveils $1bn gold backed certificate

THE African Medallion Group (AMG) has introduced a $1 billion gold-backed bond certificate, in a development that is expected to consolidate the company's status in the yellow metal sector.The latest ...

By Staff reporter | Published: 11 April 2018


Producers seek help to grow gold output

THE Zimbabwe Miners' Federation (ZMF) has written to the police asking for help to restore order in the artisanal gold mining sector, where the yellow metal is being illicitly traded, thereby deprivin...

By Staff reporter | Published: 10 April 2018


WATCH: Grace Mugabe claims she is being 'victimised'

Zimbabwe's former first lady, Grace Mugabe, is accusing miners of invading her farms to illegally dig for gold.They, in turn, accuse her of defamation and say the land was stolen.This is one of a numb...

By Al Jazeera | Published: 09 April 2018


Gold miners sue Grace for $100,000

FORMER First Lady Mrs Grace Mugabe has been slapped with a $100 000 lawsuit for allegedly labelling two gold miners in Mazowe as illegal miners and thieves.Mr Shepherd Nyazvigo and Mr Phillip Makanya,...

By Staff reporter | Published: 06 April 2018


'Winnerless' trade war, Gold heading to $1,400

Singapore - Gold will surge to the highest level in five years if a global trade war breaks out, according to Rick Rule, chief executive officer of Sprott US Holdings, who’s been involved in the mar...

By Bloomberg | Published: 03 April 2018

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