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Zimbabwe is a country rich in mineral resources, and reportedly ranks among 10 countries rich in gold, platinum, and diamond deposits globally. It is also true that demand for precious minerals has become immense but surprisingly, Zimbabwe has failed to harness its relatively abundant mineral resources to prop up its socioeconomic standing.
GOVERNMENT, through the Zimbabwe Mining Development Corporation (ZMDC), last Friday struck a deal with a foreign investor to exploit lithium deposits worth $1,4 billion in Matabeleland North, a Cabinet minister said yesterday.
Of the five main mining companies, Kusena is entirely owned by the Zimbabwe Mining Development Corporation (ZMDC), and was set up by the CIO as a source of off-the-books financing. Then there is Anjin mining in which the Zimbabwe Defence Industries has a 40% stake.
Lawmakers want to question him over his 2016 claim that Zimbabwe lost $15 billion (Sh1.5 trillion) in revenue due to corruption and foreign exploitation in the diamond sector. Syphoning off “We are not here to humiliate him, we expect him to …
Mining Zimbabwe covers Zimbabwe mining news, investment opportunities, mining equipment supply, Zimbabwe mining events, zim minerals gold, platinum, chrome
“Women in mining, particularly in the gold mining sector, are experiencing a number of challenges such as victimisation by male miners, dispossession of their claims, and various other forms of gender-based violence, resulting in many women fearing to venture into mining,” she said.
Zimbabwe's mining industry has also been hard hit. "The electricity shortages have left us in a fix," said David Matyanga, economist for Zimbabwe's Chamber of Mines. Mining contributes 15 percent of Zimbabwe's GDP and 53 percent of foreign exchange earnings.
Former Zimbabwean president Robert Mugabe, who twice failed to turn up in parliament to give evidence on corruption in the diamond mining industry, is off the hook until parliament reconstitutes after general elections in July.
New Strategies for Fighting Corruption in Africa. ... gas, and mining sector revenues, ... Get breaking news alerts
SA mines relying heavily on unskilled workers despite Industry 4.0 gaining traction. By: Dylan Slater 13th July 2018 Contrary to the expected move towards employing a higher number of skilled personnel at mines to catalyse modernisation and mechanisation targets, the South African mining industry has backtracked, employing a significant …
Zimbabwe used to export asbestos to 50 countries in the world and also used to be one of the largest producers of white asbestos after Russia, China and Brazil. Despite the anti-asbestos lobby, Chidhakwa believes there is still a …
Temba Mliswa, the head of Zimbabwe's parliamentary committee on mines and energy says his committee plans to summon ex-president Robert Mugabe, former vice president Joice Mujuru, and wants current Vice President Kembo Mohadi to testify too on Zimbabwe’s missing diamond money, in Harare, Zimbabwe, April 11, 2018.
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Breaking News. ED Dares Mining Firms; ... of Eureka Gold Mine in Guruve as well as a flurry of investment into the sector. The Zimbabwe Mining Development ...
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Investment in Zimbabwe’s mining industry under Mugabe has been constrained by many factors, including the 2008 Indigenisation and Economic Empowerment Act, which created a requirement for all mining projects to be 51%-owned by Zimbabwean companies, a move to increase local benefits from mining activities, but one that was also open to …
The mining sector requires nearly $400 million in 2018 to sustain operations on the back of an uptick in capacity utilisation, an industry report has said. BY NDAMU SANDU. The capital intensive sector injected $211 million this year for both sustenance and ramp-up, according to the 2017 Mining Industry Survey Report released last week.
Ian Coles, of Mayer Brown, looks back to the recent Mining Indaba in Cape Town to assess both some of the key lessons learned from that event, and the state of the industry going forward.
Jun 02, 2016· Meanwhile, Zimbabwe, which adopted the US$ as its currency in 2009, is running out of cash. Most ATMs in Harare last week were empty. The extractive sector (oil, gas, mining) is one of the industrial sectors most prone to corruption. It comes ahead of construction and transportation according to a recent OECD report on corruption.
The mining sector has been identified as one of the Tubercolosis (TB) hotspots by some speakers at the 5th South African TB conference underway in Durban.
Despite the potential, the mining sector has remained less diversified with mineral activities predominantly concentrated on six key mineral categories, namely, gold, platinum group metals, diamonds, nickel, chrome and coal accounting for 97% of the value of minerals generated in 2017.
UNDETERRED by the ongoing squabbles around credibility of the voters’ roll which was released by the Zimbabwe Electoral Commission, Hatfield constituency independent candidate Tendai Dephine Ndoro (TN) remains resolute in …
The committee is investigating alleged corruption in the country's diamond mining industry.In 2016, Mugabe said Zimbabwe had lost $15 billion from embezzlement. Diamonds were discovered in eastern Zimbabwe in 2006 and initially raised hopes they would help turn around the country's ailing economy.
Breaking News. Previous Next. Live. News. Zimbabwe Minister Projects Economic Growth of up to 6% in ... loss making state-owned companies and the mining sector, ...
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Zimbabwe is a country rich with natural resources. Some of what makes Zimbabwe’s mining industry so lucrative is the vast amounts of coal and ... Breaking News.
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Zimbabwe mining industry Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. Mining sector needs US$780m - The Zimbabwe ...
breaking news in the mining sector zimbabwe A profile of Mining in Zimbabwe with directories of companies, people, industry sectors, projects, facilities, news and events. Latest headline news Zimbabwe Situation April 2014 Links to current political news reports along with a directory and information for activists on help and support groups.
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The Zimbabwe military has taken over power in the country. The military, which has seized the state TV, according to the British Broadcasting Corporation (BBC), said it is targeting people close to President Robert Mugabe for …
Zimbabwe hopes to transform mining sector with $4.2 bln platinum deal Reuters | Mar. 22, 2018, 11:48 AM | It was unclear where all the funding would come from and analysts …
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By Victoria Ruzvidzo The mining sector has over the last few years ... Zimbabwe Today Zimbabwe Latest News, Zimbabwe Business News ... Breaking News. Zesn ...
