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CoMZ

Miners engage RBZ over forex

The Chamber of Mines of Zimbabwe (CoMZ) is engaging the Reserve Bank of Zimbabwe (RBZ) with a view to finding a solution to challenges caused by the new foreign currency regulations announced by the central bank in the Monetary Policy…
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Mines warm up to Mnangagwa

At least 630 of the country’s 800 mines are projecting strong growth in 2018, riding on anticipated policy reforms under President Emmerson Mnangagwa’s new administration and aggressive expansion by “bullish” investors, according to a new…
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Minerals revenue rises

Zimbabwe's mining industry revenue is set to reach $3 billion this year, from $2 billion in 2016, as revenues from chrome mines whose exports had been previously banned consolidates sharp rises in other metals, Mines minister Walter…
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RBZ bails out mines from tobacco sales

By Shame Makoshori Payments to mining industry’s foreign suppliers have improved since the tobacco marketing season kicked off in February, according to industry sources. This comes after the sector lurched into crisis due to…
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Zimbabwe loses US$144 billion

By Shame Makoshori Zimbabwe has lost US$144 billion in potential revenue from the mining sector since 2009, largely due to a plethora of problems, among them a power supply crisis, punitive tax regime and investor fatigue caused by…
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