Dec. 19, 2020
Government, in partnership with foreign investors, has come up with a strategy to take the lead in driving investment in the mining sector following the establishment of Kuvimba Mining House. Government has a 65% shareholding. Government also plans to use profits from a mining venture to help settle the $3.5 billion compensation claim from white farmers
Feb. 19, 2019
The government has expressed satisfaction with progress towards the resumption of operations at Shabanie- Mashava Mines (SMM) with asbestos production expected to start in July 2019 when de-watering of flooded shafts is expected to be complete. Reconfiguration of machinery at the mine to enable it to process other minerals such as manganese, chrome and nickel is underway amid revelations that dumps at firm’s mines in Mashava and Zvishavane were rich in those minerals.
July 17, 2019
The government signed a joint venture agreement with the world’s top diamond producer by volumes, Alrosa Overseas SA, for the exploration, extraction and marketing of diamonds, in a development expected to transform the country’s diamond sector. The move is an endorsement of President Mnangagwa’s robust drive to attract investment in a bid to turn around the economy.
March 7, 2019
The government, through the Zimbabwe Mining Development Corporation (ZMDC), will soon embark on riverbank mining along major rivers in a bid to tap into precious minerals, Lands, Agriculture, Water, Climate and Rural Resettlement Minister Perrance Shiri has said.