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ACR releases definitive feasibility on Zim amid City grumbles

ACR releases definitive feasibility on Zim amid City grumbles

African Consolidated Resources chief executive Craig Hutton has moved to address City grumbles over the cost of its low-capex starter pit on the Pickstone-Peerless project in Zimbabwe. The price tag for the development nudged up US$2.9mln compared with previous estimates, according to the company’s definitive feasibility study (DFS) issued earlier…

Meikles Africa lands partnership with billionaire backed miner

Meikles Africa lands partnership with billionaire backed miner

LONDON (Zimbabwe Investor) – Hospitality and retail group Meikles Africa has formed a new company Meikles Centar Mining (Private), in partnership with a company created by a former JP Morgan Cazenove executive fined by UK’s Financial Services Authority for market abuse. Centar is a mining company founded by former JP…

Full report of the Portfolio Committee on Mines and Energy on Diamond Mining in Zimbabwe

Full report of the Portfolio Committee on Mines and Energy on Diamond Mining in Zimbabwe

The Portfolio Committee on Mines and Energy, chaired by the late Member of Parliament for Guruve South,Edward Chindori Chininga, recently table a report of its findings into the diamond mining industry in Zimbabwe with a specific on Marange diamond fields. The report reveals huge discrepancies in the revenue taxes remitted…

India’s NMDC signs mineral reserves MoU with Zimbabwean company

India’s NMDC signs mineral reserves MoU with Zimbabwean company

India’s National Mineral Development Corporation (NMDC)  has signed a Memorandum of Understanding (MoU) with  Mosi Oa Tunya Development Company, a Zimbabwe government-owned company which would provide it exclusivity for participation in mineral projects in the African nation. This move is in-line with NMDC ‘s plan to shore up mineral reserves…

Zimbabwe Mining Companies Reject State Control

Zimbabwe Mining Companies Reject State Control

The Chamber of Mines of Zimbabwe, which represents companies including Impala Platinum Holdings Ltd. (IMP), rejected a proposal for the state to control mineral production and prices, according to Bloomberg News. Earlier this month, the country’s Ministry of Mines proposed the auctioning of mineral deposits, restricting production of commodities deemed…

MMCZ wants legislation compelling foreign owned mining companies to list on ZSE

MMCZ wants legislation compelling foreign owned mining companies to list on ZSE

HARARE (Zimbabwe Investor) – The Mineral Marketing Corporation of Zimbabwe says government should craft legislation that compels foreign-owned mining firms operating in the country to also list on the Zimbabwe Stock Exchange (ZSE) according to a state owned daily newspaper. “Mining companies listed in Sydney, Frankfurt, Canada and Johannesburg should…

Ex-Amplats boss joins African Consolidated Resources board

Ex-Amplats boss joins African Consolidated Resources board

Resource development company African Consolidated Resources has added former Amplats chief executive Neville Nicolau to its board as a non-executive director. The AIM-listed company, which is focused on Zimbabwe and Zambia, said the signing is part of its strategy of becoming a mid-tier multi-commodity development and mining company. As boss…