Unsafe Tailings, Corruption and Illegal Appointments in Spotlight as Minister Vows Crackdown
Minister of Mines Polite Kambamura warned that unqualified foreign managers, especially some Chinese without First Blasting or Mine Blasting licences, are being placed in Zimbabwean mines. He described several tailings dams as "disasters waiting to happen" and condemned inspectors who take bribes to overlook safety breaches. The government pledged a $2 million National Safety Enforcement Blitz, new district‑level mining officers, dedicated vehicles, and an environment department to tighten oversight. Kambamura urged inspectors to act decisively to protect workers and the sector’s reputation.
ZCDC Names Mtombeni CEO as Zimbango Steps Down
Zimbabwe Consolidated Diamond Co. (ZCDC) announced Dennis Mtombeni as its new chief executive officer, succeeding Douglas Zimbango who will depart on June 30. Mtombeni, a mining veteran with more than two decades of experience, will serve as CEO‑designate starting June...
‘Finally’: Zimbabwe, Invictus Sign Historic PPSA for Cabora Bassa Oil and Gas Project
The Government of Zimbabwe and Invictus Energy’s local arm, Geo Associates, signed a landmark Petroleum Production Sharing Agreement for the 360,000‑hectare Cabora Bassa Basin, clearing the legal path for the country’s first commercial oil and gas development. The deal establishes...
Gold Buying Prices in Zimbabwe per Gram/ Ounce, 26 May 2026
Fidelity Gold Refinery (FGR) published its official gold buying rates for 26 May 2026, listing cash prices per gram and per ounce across purity grades. The top tier (SG 90% and above) commands $136.02/gram ($4,230.74/oz), while the fire‑assay cash price for bulk purchases above...
Mnangagwa to Commission 10MW Kwekwe Solar Plant as Zimbabwe Pushes for Energy Independence
President Emmerson Mnangagwa will commission the first 10 MW phase of the New Glovers Solar Project in Kwekwe, a $20 million facility built by the Public Service Pension Fund. The plant features 18,600 panels, 31 inverters and two smart transformers, delivering roughly...
Gold Buying Prices in Zimbabwe per Gram/ Ounce, 19 May 2026
Fidelity Gold Refinery (FGR) released its May 19, 2026 gold buying rates for Zimbabwe. The fire‑assay cash price for gold above 100 g is $137 per gram ($4,260.78 per ounce), the highest tier. Prices for lower assay grades range from $136.28...
Bikita Minerals Resumes Concentrate Exports After Securing Licence, Advances US$400 Million Lithium Sulphate Plant
Bikita Minerals has resumed exporting lithium concentrate after obtaining an export licence from Zimbabwe's Ministry of Mines, confirming full compliance with the new regulatory framework. The company is also advancing a $400 million lithium‑sulphate processing plant, aiming to complete it before...
Premier Raises Fresh $1M as Zulu Lithium Plant Enters Critical Hot Commissioning Phase
Premier African Minerals announced a £1 million ($1.3 M) equity subscription at 0.0185 pence per share, bringing total issued shares above 30 billion. The company completed cold commissioning of its new Xinhai flotation plant at the Zulu Lithium project, running water through the circuit...
Lithium Revenue Jumps 106% on Just 2% More Output, Ban Justified as Pre-Ban Mining Hit 4,300 Tonnes/Day
Zimbabwe's Minerals Marketing Corporation reported a 106% jump in lithium revenue to $178.6 million in Q1 2026, despite only a 2% increase in tonnage. The surge came after a February export ban, which revealed a daily extraction rate of 4,300 tonnes—72% higher than...
‘Mammoth but Possible’: Mutapa Lays Out Realistic Zisco Revival Blueprint as Integrated Steel Ecosystem Takes Shape
Mutapa Investment Fund deputy CIO Ernest Denhere outlined a pragmatic plan to revive Zimbabwe's defunct steelmaker Zisco, acknowledging the old plant must be replaced but emphasizing abundant iron ore, limestone and coal resources. He highlighted that parts of Zisco are...
Boost for Miners as Online Export Permit System Now 96% Complete
Zimbabwe’s Ministry of Mines reports the Online Mineral Export Permit System is 96% complete, moving the country closer to a digital platform that will replace the cumbersome paper‑based process. The system is designed to streamline approvals, boost transparency and cut...
What a 0.0012% Shareholder Can Do: RioZim and the Limits of Corporate Control
A shareholder with just 0.0012% of RioZim Limited’s stock has filed a fresh application to place the mining group under corporate rescue. Zimbabwe’s Insolvency Act allows any "affected person" – including tiny shareholders – to petition the court, focusing on...
Mutapa Gold Injects $12m Exploration War Chest, Targets 10-Year Life of Mine Across All Operations
Mutapa Gold Resources has earmarked over US$12 million for 2026 exploration to push each of its mines to a minimum ten‑year life of mine (LoM). The drive targets extending the Freda Rebecca mine, which currently has only four years of reserves,...
Caledonia Invests US$3.8M in Motapa as Bilboes Project Gains Momentum
Caledonia Mining Corporation is allocating $3.8 million to accelerate exploration at its Motapa gold project, part of a $162.5 million capital programme that also funds the Bilboes development, slated to become Zimbabwe’s largest gold mine. A Preliminary Economic Assessment projects Bilboes will...
Gold Buying Prices in Zimbabwe per Gram/ Ounce, 11 May 2026
On May 11, 2026 Fidelity Gold Refinery (FGR) released its official buying prices for gold in Zimbabwe, detailing rates by purity and transaction size. The top tier (90% + purity) commands $139.79 per gram ($4,347.65 per ounce), while the fire‑assay cash...