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Zimbabwe’s mines minister dissolves mining boards, hands control to permanent secretary

Zimbabwe’s mines minister dissolves mining boards, hands control to permanent secretary

Zimbabwe’s mines minister on Wednesday dissolved management boards of  three government companies involved in diamond mining and trading. The boards of the Zimbabwe Mining Development Corporation, Minerals Marketing Corporation and Marange Resources were all dismissed, although no reason was given for their sacking. “The duties and functions of these boards…

African Consolidated Resources surges on release of PFS

African Consolidated Resources surges on release of PFS

Shares in African Consolidated Resources (ACR) perked up after the company published details of its pre-feasibility study (PFS) on its Pickstone-Peerless gold project. The company also revealed that an independent mineral reserve statement is near completion and should be published shortly. The statement, which is in accordance with the industry-standard…

Zimbabwe’s diamond mineworkers want 250% pay hike

Zimbabwe’s diamond mineworkers want 250% pay hike

Zimbabwe’s mineworkers have taken a leaf from the playbook of their peers to the south, asking for a 100% pay hike for 2014 in annual wage negotiations. Zimbabwe is the second largest producer of platinum globally behind South Africa with production of some 365,000 ounces expected this year. The country…

Zim mines minister wants tougher mining laws

Zim mines minister wants tougher mining laws

Zimbabwe’s mines minister, Walter Chidhakwa  says African countries should have tougher mining laws to benefit more from their natural resources. “This why in Zimbabwe we say without any fear or apologies that when you come to Zimbabwe, you are coming to mine platinum, gold, and other minerals and the fact…

Build refinery and keep majority shares, govt tells platinum miners

Build refinery and keep majority shares, govt tells platinum miners

The government could let foreign-owned platinum mining firms own majority shares in their local operations if they partner it to build a refinery in the country,  mines minister Walter Chidhakwa has said. Chidhakwa said a platinum refinery was a national aspiration and that if platinum producers set it up, the…

Kimberly Process calls on US to lift Zimbabwe diamond sanctions

Kimberly Process calls on US to lift Zimbabwe diamond sanctions

An international meeting to discuss rules curbing the sale of conflict diamonds began Tuesday with a call for the United States to lift sanctions on Zimbabwean mines. Representatives of 81 countries taking part in the Kimberley Process – an international governmental certification scheme set up in 2003 to prevent trade…

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