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Zimbabwe: Losing millions from illicit gold mining trade

Dec 09, 2020 Performance in the gold mining sector. Zimbabwe’s mining sector has a significant role in the development of the country as it brings foreign currency, contributes to government revenue and provides for infrastructure development.. Since 2009, the mining sector has become the fastest growing with both small-scale mining companies, artisanal miners and multinational companies taking part in

Zimbabwe: Losing millions from illicit gold mining trade

Dec 07, 2020 A Mining Data Online report reveals how Metallon Gold Zimbabwe, one of the country’s biggest mining companies, has been forced to put its mines on care and maintenance because of the “unsustainable costs of running them without proper proceeds from the government”.

Zimbabwe: Impunity, Chaos Costs Lives in Gold Mining

Dec 07, 2020 However, dubious foreign "investors" with no proven track record in mining have taken advantage of Zimbabwe's economic policy loopholes and the rent seeking behaviour by the country

Pandemic spurs illegal gold rush in Zimbabwe mountains

As Zimbabwe experiences its worst economic crisis in a decade, with crippling hyperinflation and unemployment, young people are venturing into illegal gold mining in a bid to earn a living. Gold panning in Chimanimani is mostly small-scale and informal, according to a 2016 research paper by the Royal Botanic Gardens at Kew in London.

Zimbabwe Gold Mines Lure Investor Despite Economic Ruin

Jul 10, 2020 Landela Mining Ventures Ltd., which is controlled by Sotic, bought two of Zimbabwe’s gold mines this year. The newcomer is targeting six more

Zimbabwe: How to Fix the Turmoil in Gold Mining Sector

Nov 24, 2020 Expanding gold mining in Zimbabwe is key to President Emmerson Mnangagwa's plans to revitalise the country's economy, especially at a time when the price of

Zimbabwe: Losing millions from illicit gold mining trade

The Zimbabwe Debt and Development has reported that unclear policies have caused gold to be smuggled outside the country, with the country losing large amounts of foreign currency. Huge volumes of illicit financial outflows remain in the mining industry leading to unrealised social and economic rights for the country’s population, John Maketo

Mining in Zimbabwe: time to use it or lose it

President Robert Mugabe introduced a law requiring that at least 51% of each of the country’s platinum mines to be owned by local people, and since the decriminalisation of artisanal mining in 2013, the country’s total gold production jumped from under 15,000kg in 2012 to nearly 25,000kg by 2016.

Top ten gold producers in Zimbabwe Mining Zimbabwe News

May 21, 2019 Metallon used to be one of Zimbabwe’s largest gold mining company operating four gold mines throughout the country owned by Mzi Khumalo. Over the past two years, things have changed, a situation which saw the miner offloading Arcturus Mine while two of its mines have since closed due to the prevailing economic conditions.

Gold Production by Country Gold Production Goldhub

Jun 30, 2020 Gold mining is a global business with operations on every continent, except Antarctica, and gold is extracted from mines of widely varying types and scale. At a country level, China was the largest producer in the world in 2019 and accounted for around 11 per cent of total global production.

Zimbabwe: How to Fix the Turmoil in Gold Mining Sector

Expanding gold mining in Zimbabwe is key to President Emmerson Mnangagwa's plans to revitalise the country's economy, especially at a time when the price of the metal is soaring on world markets.

Zimbabwe Gold Mines Lure Investor Despite Economic Ruin

Jul 10, 2020 Landela Mining Ventures Ltd., which is controlled by Sotic, bought two of Zimbabwe’s gold mines this year. The newcomer is targeting six more

Coronavirus pandemic spurs illegal gold rush in Zimbabwe

Oct 12, 2020 As Zimbabwe experiences its worst economic crisis in a decade, with crippling hyperinflation and unemployment, young people are venturing into illegal gold mining in

Zimbabwe: Chinese Firm Says Finding ‘Buried Alive’ Miners

Dec 01, 2020 Like Xinhua, Africanews implied on Monday that the miners were participants in the country’s illegal gold mining trade, which it said, “is rampant in Zimbabwe and results in deaths of several people every year.” None of the news outlets explicitly

Zimbabwe: Losing millions from illicit gold mining trade

The Zimbabwe Debt and Development has reported that unclear policies have caused gold to be smuggled outside the country, with the country losing large amounts of foreign currency. Huge volumes of illicit financial outflows remain in the mining industry leading to unrealised social and economic rights for the country’s population, John Maketo

ZIMBABWE'S GOLD POTENTIAL Miningreview

Feb 14, 2008 Zimbabwe is perhaps the only country whose colonisation by Europeans was a direct result of its perceived rich and wide variety of gold deposits. The Portuguese occupied parts of the country in the 17th century and traded in gold with local miners. Following the accounts of the Portuguese, and information gathered by 19th century explorers and hunters, a lot of interest on Zimbabwe’s gold

Mining in Zimbabwe: time to use it or lose it

President Robert Mugabe introduced a law requiring that at least 51% of each of the country’s platinum mines to be owned by local people, and since the decriminalisation of artisanal mining in 2013, the country’s total gold production jumped from under 15,000kg in 2012 to nearly 25,000kg by 2016.

Zimbabwe's Landela agrees to buy state-owned gold mines

Zimbabwe's Landela Mining Venture has reached agreements to take over and revive four idle state-owned gold mines and is in talks to buy more assets from a privately-owned bullion producer, its

Zim an attractive mining destination

Zimbabwe is deemed to be very attractive among other African countries by mining investors on the back of its geological potential. The country is endowed with vast mineral resources ranging from gold, platinum, diamonds and chrome among others. This falls well into the country’s agenda of achieving a US$12 billion revenue sector by 2023.

Gold Production by Country Gold Production Goldhub

Jun 30, 2020 Gold mining is a global business with operations on every continent, except Antarctica, and gold is extracted from mines of widely varying types and scale. At a country level, China was the largest producer in the world in 2019 and accounted for around 11 per cent of total global production.

Zimbabwe Ready To Attain US$12b Mining Economy By 2023

Since re-opening, production at the mine, which is one of Zimbabwe’s largest gold producers, has gone from 16,000 tons in July to a record 31,000 tons in October. Zimbabwe sees the mining sector

Zimbabwe Under Investor Pressure to End Gold Sales

Nov 12, 2020 Gold mining investors are pressuring Zimbabwe to change a law forcing producers to sell their output to the central bank, which part pays them in local currency that’s worthless outside the country.

Turmoil in Zimbabwe’s gold mining sector

Artisanal gold miners play a curious role in Zimbabwe’s political economy. On one hand, they are an irritant to the industrial mining companies that hold most of Zimbabwe’s gold exploration

Zimbabwe losing $1.5 billion gold a year to smuggling

Nov 25, 2020 The landlocked southern African country boasts vast gold reserves, and the sector accounts for 60 percent of Zimbabwean exports. Last month, the head of Zimbabwe

Turmoil in Zimbabwe’s gold mining sector

Artisanal gold miners play a curious role in Zimbabwe’s political economy. On one hand, they are an irritant to the industrial mining companies that hold most of Zimbabwe’s gold exploration

ZIMBABWE'S GOLD POTENTIAL Miningreview

Feb 14, 2008 Zimbabwe is perhaps the only country whose colonisation by Europeans was a direct result of its perceived rich and wide variety of gold deposits. The Portuguese occupied parts of the country in the 17th century and traded in gold with local miners. Following the accounts of the Portuguese, and information gathered by 19th century explorers and hunters, a lot of interest on Zimbabwe’s gold

Coronavirus pandemic spurs illegal gold rush in Zimbabwe

Oct 12, 2020 As Zimbabwe experiences its worst economic crisis in a decade, with crippling hyperinflation and unemployment, young people are venturing into illegal gold mining in

Mining in Zimbabwe: time to use it or lose it

President Robert Mugabe introduced a law requiring that at least 51% of each of the country’s platinum mines to be owned by local people, and since the decriminalisation of artisanal mining in 2013, the country’s total gold production jumped from under 15,000kg in 2012 to nearly 25,000kg by 2016.

Zimbabwe losing $1.5 billion gold a year to smuggling

Nov 25, 2020 The landlocked southern African country boasts vast gold reserves, and the sector accounts for 60 percent of Zimbabwean exports. Last month, the head of Zimbabwe

After Zimbabwe, B2Gold sets its sights on Ivorian gold

Dec 11, 2020 In late November, it registered a subsidiary in Abidjan with a view to prospecting and then mining gold permits in Ivory Coast. When contacted, the firm did not wish to share further details about its plans in the country. B2Gold is already active in the west African gold sector.

Zimbabwe to attain 12-bln-USD mining economy by 2023: minister

Nov 19, 2020 Shamva Gold Mine reopened after local investor, Landela Mining Venture, acquired and injected fresh capital into the business, previously owned by Metallon Corporation, one of the country’s largest gold mining companies. Since re-opening, production at the mine, which is one of Zimbabwe’s largest gold producers, has gone from 16,000 tons in

Zim an attractive mining destination

Zimbabwe is deemed to be very attractive among other African countries by mining investors on the back of its geological potential. The country is endowed with vast mineral resources ranging from gold, platinum, diamonds and chrome among others. This falls well into the country’s agenda of achieving a US$12 billion revenue sector by 2023.

Mining investors say Zimbabwe should liberalise gold sales

Gold mining investors are pressuring Zimbabwe to change a law forcing producers to sell their output to the central bank, which part pays them in local currency that’s worthless outside the country. That law is making it hard to raise capital for investment projects, according to B2Gold Corp. and Caledonia Mining Corp., which are considering

Zimbabwe. Pot of Gold YouTube

Sep 16, 2013 Zimbabwe's billion dollar gold-mining industry is crucial for the country's struggling economy but, traditionally, more than half the country's population ha...

About Zimbabwe Metallon Corporation

The Zimbabwean gold mining industry has operated for over 100 years and there is a well-established base of mining skills, expertise and local suppliers. Zimbabwe has produced significant amounts of gold and production peaked in 1906 at about 30 tonnes and in 1999 at 27 tonnes.

History of pre-colonial mining in Zimbabwe Celebrating

Jun 01, 2017 The Zimbabwe mining legacy dates back to medieval Great Zimbabwe. The Munhumutapa Empire had command over and exploited not less than 4 000 gold and 500 copper mines spread across the country. The milling and purification of gold

Zimbabwe's new gold rush openDemocracy

This type of mining is tolerated and lately encouraged in Zimbabwe, in contrast to other countries, more so as the bulk of gold deliveries trickling into national coffers come from this type of

At Least 40 Miners Trapped In Zimbabwe’s Mine Shaft

Nov 26, 2020 Mining is a major source of foreign currency for Zimbabwe, where gold alone accounts for 60 percent of exports. The landlocked southern African country is home to vast gold