Business

Zimbabwe plans to establish base metal refinery for platinum: Minister

Zimbabwe Minister of Mines and Mining Development Winston Chitando   Appearing before a parliamentary committee on Mines and Mining Development, Chitando said consultations between his ministry, the Chamber of Mines and Platinum Producers Association are taking place with regard to setting up of the refineries. “The platinum players have made a commitment that by 2025 there will be a base metal refinery and by 2027 there will be a precious metal refinery and that position has not changed, it’s still on course,” Chitando said. He said the platinum producers had engaged an international consultant to give advice on the implementation of the refineries. “There will be a platinum symposium which will be held early next year where that consultant will be coming in a...

Caledonia acquires option over exploration prospect in Zimbabwe

Caledonia Mining has announced that it has entered into an option agreement which gives it the exclusive right to explore and subsequently, if exploration is successful and at its sole discretion, acquire the mining claims over the area known as Glen Hume, a property situated in the Gweru mining district in the Zimbabwe Midlands that has historically produced significant quantities of gold. Caledonia believes that Glen Hume offers significant exploration potential. The agreement covers an area of approximately 350 ha with substantial evidence of gold mineralisation including historical mining activity. Caledonia has conducted airborne geophysics which indicates attractive exploration targets and has also conducted preliminary metallurgical work indicating favourable grade and recovery. A p...

China flight attendants advised to wear diapers for Covid protection

(CNN) — As the coronavirus pandemic rages on, transportation officials around the world have been looking for ways to keep passengers and crew safe on board planes. On November 25, the Civil Aviation Administration of China (CAAC) released new guidelines for the country’s airline industry, which it oversees. The document, titled Technical Guidelines for Epidemic Prevention and Control for Airlines, Sixth Edition, contains advice about the best hygiene practices to carry out on aircraft and in airports. But one of those suggestions — that personnel like flight attendants wear disposable diapers so they don’t need to use the bathroom — has raised some eyebrows. A section on PPE advises cabin crew on flights to and from high-risk countries to wear “medical masks,...

Zimbabwe inflation at 401.66% in November – Zimstats

HARARE (Reuters) – Zimbabwe’s inflation rate eased to 401.66% in November year-on-year from 471.25% the previous month, statistical agency Zimstats said on Tuesday. On a monthly basis, prices increased by 3.15% compared with 4.37% previously. Inflation has eroded savings and salaries this year, leading to strikes by public sector workers, but the national treasury says inflation will moderate next year on better economic growth prospects. The post Zimbabwe inflation at 401.66% in November – Zimstats appeared first on The Zimbabwean. The Zimbabwean

Poverty Pushes Zimbabwe Miners Into Underground, Dangerous Work, Observers Say

Relatives, friend and fellow small scale miners hang around at Ran Mine in Bindura, Dec. 06, 2020, Harare). They gathered there a day after the government called off the rescue mission. (Columbus Mavhunga/VOA) BINDURA, ZIMBABWE – High unemployment and poverty are pushing Zimbabwean workers into mining for gold in abandoned and dangerous mine shafts that too often turn into death traps. At least 10 people trapped in a mine shaft that collapsed two weeks ago are feared dead. One of those waiting at the Ran Mine, about 80 kilometers north of Harare, is Elizabeth Muzeyi. She wants her 34-year-old husband, Johannes Tagwireyi, brought out of the soils that trapped him on November 25 when the mine collapsed. She says he never wanted to be an illegal miner. Elizabeth Muzeyi wants her 34-year...

Losing millions from illicit gold mining trade

Illegal artisanal gold miners work at an open mine after occupying parts of Smithfield farm, owned by the former President Robert Mugabe’s wife Grace Mugabe, in Mazowe, Zimbabwe, April 5, 2018. REUTERS/Philimon Bulawayo   In Mazowe, 40 km outside the capital Harare, artisanal miners have broadened their search for gold ore as they continue digging the soil underground in some cases to over 50 metres deep. For the past three years, 34 year-old Jude Kore has had the same routine: digging soil every day in search of the precious mineral. Together with his four co-workers, Jude tells The Africa Report that to obtain a gram of gold they have to gather five bags of ore and use their traditional processing equipment to separate the gold from the ore. “The gold is inside the stone. Afte...

Zimbabwe’s Russian-Backed Platinum Venture Sells Stake to Fossil

 Fossil Mines, owned by Obey Chimuka, to invest $30 million  Fundraising for project has been delayed by Covid-19 crisis Workers survey a section of the Darwendale platinum mine project, near Harare, Zimbabwe, in Sept.Photographer: Godfrey Marawanyika/Bloomberg Great Dyke Investments, a Russian-backed project planning to build Zimbabwe’s biggest platinum mine, has sold a 4.4% stake to Fossil Mines Ltd. as Covid-19 disrupted fundraising for the venture. Fossil, owned by Zimbabwe’s Obey Chimuka, will invest $30 million in the Darwendale project, through a combination of cash and services, including for engineering, procurement and construction. That leaves tycoon Vitaliy Machitski’s Vi Holding and Zimbabwe’s Landela Mining Venture Ltd. each with a 47.8% stake. The sale values Great Dyke Inve...

Unequal land, unequal societies

A really important report from the International Land Coalition and Oxfam is just out called ‘Uneven Ground: Land Inequality at the Heart of Unequal Societies’, along with 17 supporting papers. Through new analysis it shows that land inequality is even larger than previously thought, and that this has dramatic effects on poor people’s livelihoods, particularly those of women and young people. In the rhetoric around the Sustainable Development Goals (SDGs) there’s lots of talk about rising inequality, and pleas to ‘leave no one behind’, but most discussion barely touches on land, despite land access being vital for so many people’s lives. The corporate-driven concentration of land holding has been well researched around discussions of the ‘land grab’, but this report goes further, digging i...

Dozens feared dead in mine collapse as pandemic-fueled social catastrophe wracks Zimbabwe

Six were rescued alive a few hours after the collapse. Simultaneous with the collapse, ground water and mud flooded the shaft, brought by heavy rains the previous day that caused a mudslide. Rescue efforts were suspended the next day after a generator failed to operate while pumping out water from the flooded 100-meter shaft. By the following day, another generator was located and brought to the site allowing for the effort to resume. Exterior of the collapsed mine (Twitter/@OFMNews9497) Christine Munyoro, a spokeswoman with the Zimbabwe Miners Federation (ZMF), an advocacy group of small-scale miners, told the Guardian, “On Thursday the rescue team tried to pump out the water but the generator failed. They started again today. The hardest thing is that the shaft is 100 metres deep. We als...

Rescue efforts slowed a week after Zimbabwe mine collapse

Associated Press — Rains and flooding have slowed rescue efforts at a Zimbabwean mine where a shaft collapsed last week, trapping at least 10 artisanal miners. Hopes of finding survivors are vanishing and relatives camped at the site on Tuesday expressed their desperation for decent burials of their loved ones who they now presume are dead. The mine shaft in Bindura town, about 70 kilometers (about 43 miles) northeast of the capital, Harare, collapsed Wednesday after artisanal miners digging for gold blasted a support pillar, said deputy minister Polite Kambanura. The mine was no longer operational, and the artisanal miners who use rudimentary and unsafe methods took over, he said while touring the site on Tuesday. Rescuers retrieved one body on Monday, but given the rains and floodi...

Zimbabwe on course to record bumper wheat harvest

Lands, Agriculture, Water and Rural Resettlement Minister Anxious Masuka said this year’s winter wheat farming segment has performed exceptionally well compared to previous seasons, the state-run Chronicle reported on Monday. “As you know that the highest ever produced wheat since the Land Reform program was about 164,000 tons and last year we achieved 90,000 tons. This year we are on course to achieve more tons because 190,000 tons have been delivered to GMB to date,” he said. Masuka said the government was impressed by the progress the country has made so far towards achieving a self-sufficient status. “So, the country is slowly regaining its production status and this is a clear indication that the Land Reform program is beginning to bear fruits. It was and is a worthwhile program that ...

Beitbridge to get R4.5bn upgrade to stop delays – and bribes

Trucks parked at Beit Bridge border post. (Gallo) Thanks to new funding and investments, the company who received a concession to run the Zimbabwean side of the Beitbridge border post will go ahead with a multi-billion rand upgrade. The project will streamline the border processes and implement the automation of payments – thereby reducing the potential for bribes. Construction of new terminals and other buildings should be completed within the next two years. The Zimbabwean side of the Beitbridge border post is now on track to get a $296 million (R4.6 billion) upgrade after key investments. Bloomberg reported this week that private equity firm Harith General Partners and the Phembani Remgro Infrastructure Fund are buying stakes in Zimborders, which has a concession to design, build and op...