Zimbabwe has witnessed a sharp increase in mine accidents, claiming the lives of at least 237 individuals in the year 2023. This astronomical number is a stark contrast to the 139 fatalities recorded in the previous year, …
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The government of Zimbabwe has taken the action to suspend mining licenses for Mining Operations who are not complying with mining laws. The move comes as part of President Mnangagwa's initiative, the "Responsible Mining Audit" which aims to promote responsible and compliant mining activities in the country.. The audit was …
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hw is the gvt reviving sme in zim in mining. A Golden Opportunity - Pact; In March 2011, the government of Zimbabwe implemented laws which required local …
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Government gazetted the revised Mines and Minerals Act Amendment Bill in February 2023. TheBill seeks to simplify the mining titles system and the establish the mining …
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The mining sector experienced a total of 37 incidents resulting in 33 fatalities and 27 serious injuries during the first two months of 2024, according to stats ... Zim introduces another new currency, the"ZiG" ... Lafarge hails business-government dialogue on the economy.
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Zimplats chairman Sydney Mufamadi (who was a South African government minister from 1994 to 2008) in late October was quite upbeat and wrote in the Zimplats annual report that the future of the company remained bright despite the challenging environment. However, the devaluation of the Zimbabwe currency against …
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Fourth Quarter and Full Year 2022 Highlights. Net income for the fourth quarter was $417 million (compared to $1.71 billion in the fourth quarter of 2021), or $3.44 per diluted share 3 (compared to $14.17 in the fourth quarter of 2021); net income for the full year was $4.63 billion (compared to $4.65 billion for the full year of 2021); Adjusted …
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Overcoming the challenges. The government of Zimbabwe has implemented various policies and initiatives aimed at boosting the mining sector: Zimbabwe Mining Development Corporation (ZMDC): …
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Kuvimba Mining House (KMH), Zimbabwe's largest mining company, has announced an ambitious investment of over US$150 million in capital expenditure programs aimed at reviving mothballed mines. This significant effort is part of KMH's mission to consolidate Zimbabwe's development agenda by resuscitating and developing …
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Whether you're an experienced miner or just starting out, this guide will provide you with the knowledge and tools to successfully acquire a mining license in Zimbabwe. Let's dive in! The first part of the process to acquire a mining license in Zimbabwe starts with registering a company in Zimbabwe. Types of Mining Licenses …
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The government, through the Ministry of Mines and Mining Development, is considering imposing a new tax on miners, with the proceeds going toward a fee to promote the revival of the country's foundry sector, which is a vital supplier to the mining industry.
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Bravura Zimbabwe, which is exploring for platinum in the Serui concession in Selous, Mashonaland West Province, has agreed to help the government pay a US$15m settlement to South African-based Amari Platinum, the previous holder of the concession who has battled the government in international courts, it has been learnt. …
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The government policy framework provides the roadmap that can be used to implement the enacted policies to support the performance of SMEs. The Zimbabwean government came up with sound policies that were deliberately crafted to improve the performance of SMEs, but the main challenge was on the communication, …
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Lafarge hails business-government dialogue on the economy. Zimbabwe's mining industry is focused on a diverse range of small to medium-mining operations. The most important minerals produced by Zimbabwe include gold, asbestos, chromite, coal and base metals. The mining industry contributes approximately 8% to the country's GDP.
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Zimbabwe will vigorously enforce a policy to force companies to develop their mining assets and not keep the land for speculative purposes, mines minister Winston Chitando said on Wednesday. Chitando said some investors had not developed gold and platinum assets that they had held dating back to the 1960s and the mines ministry had …
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The government announced the new mining fees through Statutory Instrument 185 of 2021 Mining (General) (Amendment) Regulations, 2021 (No. 26) released on the 25th of June 2021. The new mining fees were welcomed by Zimbabwe's largest mining body the Zimbabwe Miners Federation (ZMF) whose President Ms …
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The country, which has the largest lithium reserves in Africa, is poised to become a global player in the sector. Zimbabwe has set an ambitious target to grow its …
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The history of mining in Zimbabwe stretches back centuries, with the country known for its rich mineral wealth and a diverse range of mining activities. Here's an overview of the history of mining in Zimbabwe: Pre-Colonial Era: Mining in Zimbabwe has ancient origins, dating back to the pre-colonial era when indigenous communities …
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However, the SME sector in Zimbabwe has faced a myriad of challenges that have hindered its full potential. SMEs account for a significant portion of the country's Gross Domestic Product (GDP) and
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Zimbabwe has a long history of coffee production and was known for producing some of Africa's best coffee. Production peaked in the late 1980s, but dropped significantly in the early 2000s because of economic hardship and climate shocks.
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The mining industry in Zimbabwe presents significant opportunities for national growth and prosperity. Government's target to take the mining industry to …
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Addressing exhibitors showcasing their products at the Zimbabwe Agricultural Show Agro-processing SME breakfast meeting on Tuesday, Women's Affairs, Community, Small and Medium Enterprises Development Minister Dr Sithembiso Nyoni said Government recognised the role of agro-processing which has the capacity to revive the economy …
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The Government of Zimbabwe and private sector players in the mining industry are resolute in their commitments towards achieving the US$12 billion by 2023. Zimbabwe launched the Strategic Road to the Achievement of $12 billion by 2023 in October 2019 as part of the broader macroeconomic roadmap towards achieving an …
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Small scale gold mining has hit Zimbabwe by storm over the past couple of years. Being someone intimately familiar with Mashava I know this too well. Mashava is situated about 40 kilometres outside Masvingo CBD, Bulawayo-bound. The whole town literally sits on the great dyke thus there are numerous minerals found there.
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The government has also proposed to introduce a 1 percent levy on the gross proceeds of lithium, black granite, and other cut or uncut dimensional stones and quarry stones, with the funds derived from the levy to be ring-fenced for community development in the area where the mining operations transpire. The government noted …
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The Mining Sector is a key player in the country's economic development. The sector contributes more than 60% of Zimbabwe's export receipts, attracts more than 50% of foreign direct investment (FDI), contributes about 13% to GDP and generates significant employment.
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Zimbabwe wants to emphasise that it is open for business, with several policy interventions to underline its intentions, according to Winston Chitando, the country's Minister of Mines and Mining Development. Chitando was a guest speaker at a panel discussion on mining in Zimbabwe hosted by law firm Webber Wentzel at Mining …
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Introduction. The agricultural sector is the backbone of many economies in Southern Africa and Zimbabwe is no exception. The key literature on Zimbabwe's agricultural industry shows the important role played by this sector in contributing to the economic development of the country (Mlambo and Zitsanza, Citation 2001; Sithole, …
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Zimbabwe's mining sector has witnessed remarkable growth and transformation under the Second Republic, driven by pro-business policies, foreign …
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The Chamber of Mines of Zimbabwe has announced its upcoming annual mining conference and AGM program with a comprehensive agenda designed to cover all critical issues for the mining industry. Set to take place from May 28th to May 30th, 2024, and themed "Unlocking Growth Potential for the Zimbabwe Mining Industry," the event …
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1.2 Which Government body/ies administer the mining industry? The Mines and Minerals Act, the Minerals Corporation of Zimbabwe Act [Chapter 21:04], the Gold Trade Act [Chapter 21:03], the Precious Stones Act [Chapter 21:06], the Chamber of Mines of Zimbabwe Incorporation (Private) Act [Chapter 21:02], the Base Minerals …
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SME Association of Zimbabwe . Growing start-up, small and medium sized enterprises into large corporations. Our mandate is to help start-ups, small and medium-sized businesses to grow into large corporations. We also work with large corporations, development agencies & partners, and other organisations interested in working with …
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The government through the 2024 budget has allocated Z$132.7 billion to the Ministry of Mines and Mining Development (MMMD) to implement the legislative and administrative reforms that provide a conducive environment for mining and beneficiation.. Rudairo Mapuranga. Through the 2024 National Budget presentation the Minister of …
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This was affirmed by the government through the report from the Government of Zimbabwe which asserts that from 2006 all economic sectors posted …
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