Betterbrands Refinery Ready for Official Opening
The Betterbrands Gold Refinery in Bulawayo is fully constructed and poised for its inaugural ceremony, marking the company’s shift from Zimbabwe’s top gold buyer to a fully integrated refiner. CEO Fradreck Kunaka confirmed operational readiness, with the launch expected imminently. Betterbrands previously supplied 18.8 tonnes of gold to Fidelity Gold Refinery and has delivered nearly 60 tonnes overall, generating over US$6 billion in foreign‑currency earnings. The new facility supports national goals to increase local beneficiation and positions Zimbabwe alongside other African gold‑refining initiatives.
Gold Buying Prices in Zimbabwe per Gram/ Ounce, 6 March 2026
Fidelity Gold Refinery (FGR) published its official gold buying rates for Zimbabwe on 6 March 2026. The fire‑assay cash price tops the table at $155.94 per gram ($4,850.28 per ounce) for gold above 100 g, while SG 90 %+ gold is priced at $155.12 per...
PGI Takes Control of Muchesu as RBZ Approves Restructured Shareholding
Pacific Goal Investments (PGI) has acquired a 51% majority stake and operational control of the Muchesu coal project in north‑western Zimbabwe after obtaining registration from the Reserve Bank of Zimbabwe. The ownership restructuring transfers the US$20 million funding commitment originally made...
Mine Workers Throw Weight Behind Lithium Export Ban, Call for Inclusive Implementation
Zimbabwe’s largest mine workers union, ZDAMWU, has welcomed the government’s suspension of raw mineral and lithium concentrate exports, framing it as a step toward in‑country value addition consistent with the Africa Mining Vision. The union stresses that the transition must...
Daily Mineral Prices – 5 March 2026
The Daily Mineral Prices report for March 5 2026 highlights notable movements across several key commodities. Lithium carbonate and hydroxide prices range from $12,000 to $27,000 per tonne, reflecting heightened volatility linked to electric‑vehicle battery demand. Spodumene concentrate surged to $2,190‑$2,260 per...
Cabinet Approves Tougher Line on Riverbed Mining: ‘Polluter Pays’ Principle to Drive Ecosystem Rehabilitation
Zimbabwe's Cabinet approved a new legislative framework that moves beyond the 2024 ban on alluvial river‑bed mining to active ecosystem rehabilitation. The Inter‑Ministerial Committee reported that mechanised mining has largely ceased, while enforcement actions have led to over 300 arrests...
The ZiG Barrier: How Bank Account Requirements Could Derail Gold Deliveries
Zimbabwe’s Reserve Bank introduced a 90:10 ZiG payment split for artisanal gold miners, requiring bank accounts to receive the 10% government share. Miners can prove identity with a national ID, but banks demand proof of residence, company registration and impose...
Worker Dies in an Accident at Chinese Owned Prospect Lithium, Body Spends Almost 12 Hours at Scene
A worker died in an early‑morning incident at Prospect Lithium Zimbabwe's processing plant, specifically in the conveyor‑belt section. Police arrived later in the afternoon and the body remained on site for almost twelve hours before being released to relatives at...
Better Blasting: Eureka Mine and AECI Mining Partner to Drive Downstream Efficiencies
Eureka Mine in Zimbabwe has replaced legacy shock‑tube blasting with AECI’s IntelliShot® electronic initiation system, giving engineers millisecond‑accurate control over detonations. The upgrade enabled blast sizes to jump from 30,000 to 110,000 bcm and cut monthly blast frequency from ten...
AMSZ to Conduct Q1 Technical Visit at Pickstone Peerless Mine
The Association of Mine Surveyors of Zimbabwe (AMSZ) will hold its first‑quarter technical visit at the Dallaglio Pickstone Peerless Mine on 27 March 2026. The eight‑hour event offers members hands‑on exposure to one of Zimbabwe’s premier gold producers and awards five CPD...
Premier Issues Another 303 Million Shares to JR Goddard as Dilution Spiral Deepens
Premier African Minerals has issued an additional 303.8 million ordinary shares to J.R. Goddard Contracting, settling US$77,765 of fees. The issuance brings the company's total issued share capital to roughly 14.21 billion shares, up from 9.35 billion six months earlier, representing about 5.73 billion new...
Implementing the Strategic Sourcing Strategy
The article outlines how to move a strategic sourcing plan from theory to market execution, emphasizing that implementation validates the insights from spend analysis, category profiling, and other diagnostics. It describes four primary engagement methods—direct negotiation, outsourcing versus in‑house production,...
US$28,74m Write-Down as Sibanye-Stillwater Reassesses Mimosa’s Long-Term Economic Outlook
Sibanye‑Stillwater recorded a $28.74 million impairment on its Zimbabwean Mimosa platinum operation after revising long‑term economic assumptions. The new model assumes an eight‑year life‑of‑mine, higher working and capital costs, and incorporates a 10 % beneficiation tax, reducing projected cash inflows. Despite a...
Gold Buying Prices in Zimbabwe per Gram/ Ounce, 25 February 2026
Fidelity Gold Refinery (FGR) released its gold buying rates for 25 February 2026, listing prices from $149.39 to $157.69 per gram (approximately $4,646.55‑$4,904.71 per ounce) across purity tiers. The highest cash price applies to fire‑assay gold above 100 g with no sample deduction,...
President Mnangagwa Signals End of Raw Mineral Exports
President Emmerson Mnangagwa told Zimbabwean exporters that raw mineral shipments are effectively ending, insisting that value‑addition must occur domestically. The Finance Act now imposes a 10% export tax on unbeneficiated lithium and chrome, with chrome also subject to a 5%...
ZIDA Urges Swift Rollout of E-Cadastre System as Investor Demand for Clarity Grows
The Zimbabwe Investment Development Agency (ZIDA) is pressing the government to fast‑track the launch of an E‑Cadastre system that digitally records mining tenements. The platform, long delayed, is now slated for a 2025 rollout after recent investor inquiries at the...
Harmonised Regulation, PPPs Key to Unlocking SADC Energy Capital — Moyo
Zimbabwe’s Energy and Power Development Minister July Moyo used the opening of the second SADC Sustainable Energy Week to call for tighter regulatory harmonisation and stronger public‑private partnerships across the region. He argued that aligned laws, tariffs and standards would boost...
Caledonia Lines Up US$150m Local Bank Facility to Drive Bilboes Development
Caledonia Mining has appointed Stanbic Bank Zimbabwe and CBZ Bank as co‑lead arrangers for an up to US$150 million interim financing facility, expected to close by mid‑2026. The bridge loan complements a recent US$150 million convertible notes offering, a gold‑price hedging programme,...
‘Go Ahead and Occupy the Space’: President Urges Youth to Seize Mining Opportunities Under Vision 2030
President Emmerson Mnangagwa urged Zimbabwe’s 30,000‑strong youth audience to seize opportunities in the mining sector as part of the National Development Strategy 2 and Vision 2030. He highlighted the growing impact of young entrepreneurs, citing Ionosphere Investments’ lithium processing plant and BlackBull...
Copper Rebound Anchors CAFCA’s Q1 Performance as Export Demand Surges
CAFCA Limited posted a 3% year‑on‑year increase in total sales volumes for Q1 2025, propelled by a 21% surge in copper product volumes. Export shipments to regional markets leapt 77% after the company overhauled its distribution model and eliminated consignment...
Gold Buying Prices in Zimbabwe per Gram/ Ounce, 20 February 2026
Fidelity Gold Refinery published its February 20 2026 gold buying rates for Zimbabwe, listing prices per gram and per troy ounce across several purity categories. The fire‑assay cash price for gold above 100 g is $152.66 per gram ($4,748.26 per ounce), while the...
Contango to Raise £5mn for Muchesu Coal Expansion, Debt-Free Transition
London‑listed Contango Holdings announced a £5 million share subscription, funded by Pacific Goal Investments and Huo Investments, to recapitalise the business and erase existing shareholder loans. The deal, priced at a 39 percent premium to the February 12, 2026 mid‑market close, will...
Namib Advances US$300M Gold Revival with Redwing Dewatering
Namib Minerals announced that dewatering at its Redwing Mine in Zimbabwe started on January 29, 2026, following its November 2025 work plan. The dewatering enables feasibility studies, underground assessments, and detailed engineering for the mine's restart. This effort is part...
Gold Buying Prices in Zimbabwe per Gram/ Ounce, 19 February 2026
Fidelity Gold Refinery (FGR) released its official gold buying rates for Zimbabwe on 19 February 2026, quoting prices per gram and per troy ounce. The top tier – Fire Assay cash for gold above 100 g – is $152.01 per gram ($4,728.04 per...
Local Firms to Spearhead Mutapa Gold’s $150m Shamva Expansion and Multi-Project Growth Plan
Mutapa Gold Resources announced a US$150 million redevelopment of its Shamva mine, with the project and subsequent expansions at Jena and Elvington to be executed primarily by Zimbabwean contractors and suppliers. The multi‑phase plan aims to convert Shamva into a low‑cost...
Kavango Declares Maiden 33,900oz Gold Resource at Bill’s Luck, Hillside Total Hits 52,900oz, Here Is Why
Kavango Resources announced a maiden JORC‑compliant mineral resource of 33,900 ounces of gold at the historic Bill’s Luck mine, raising the total Hillside Project resource to 52,900 ounces. The estimate includes 2,600 ounces measured at 3.3 g/t, 13,400 ounces indicated at...
Gold Buying Prices in Zimbabwe per Gram/ Ounce, 18 February 2026
Fidelity Gold Refinery published its official gold buying rates for 18 February 2026. Prices are quoted in US dollars per gram and per troy ounce, ranging from $148.79/gram ($4,627.89/oz) for 90%+ purity to $141.70/gram ($4,407.37/oz) for 5‑10 g samples. The fire‑assay cash price...
Sandawana Production to More Than Double as Mutapa Energy Unveils US$250 Million Concentrator, US$36 Million Infrastructure Drive
Mutapa Energy’s Sandawana lithium mine will more than double its concentrate output to 162,000 tonnes in FY2026, a 122% increase over the prior year. The company has secured US$250 million to build a new concentrator plant, with construction slated to start...