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Petroleum / Mining in Zimbabwe

    Africa rejects Europe's 'dirty diesel' BOTSWANA, 2017/05/04 Ghana and Nigeria are the first countries to respond to reports of European companies exploiting weak fuel standards in Africa. Stricter limits on the sulfur content of diesel will come into force on July 1. Governments in West Africa are taking action to stop the import of fuel with dangerously high levels of sulfur and other toxins. Much of the so-called "dirty diesel" originates in Europe, according to a report published by Public Eye, a Swiss NGO, last year. The report exposed what Public Eye calls the "illegitimate business" of European oil companies and commodities traders selling low quality fuel to Africa. While European standards prohibit the use of diesel with a sulfur content higher than 10 parts per million (ppm), diesel with as much as 3,000 ppm is regularly exported to Africa.
  • Beyond Commodities: How African Multinationals Are Transforming

    BOTSWANA, 2016/05/11 Oil, gold, diamonds, palm oil, cocoa, timber: raw materials have long been linked to Africa in a lot of businesspeople’s minds. And in fact the continent is highly dependent on commodities: they constitute as much as 95% of some nations’ export revenues, according to the United Nations Conference on Trade and Development. But propping a country’s entire economy on commodities is risky business, like building a mountainside home on stilts. You can’t be sure about the weather, or in this case the commodities market. The current free-fall of oil prices to less than $40 a barrel is a glaring example. “The commodities cycle has tanked out,” says Austin Okere, founder of Computer Warehouse Group (CWG), a Nigerian emerging multinational financial services company. “And this time it looks additional structural than cyclical, so it’s not a matter of waiting it out. Something has to give.”
  • Zimbabwe: Miners Robbed Us, Says President Mugabe

    ZIMBABWE, 2016/03/06 In his 92nd birthday interview with the Zimbabwe Broadcasting Corporation aired last night, President Mugabe said he told his Chinese counterpart President Xi Jinping during his National visit here last year that Government was not happy with Anjin's operations. "I don't think it has affected any of our relations at all. I told President Xi Jinping that we were not getting much from the company and we didn't like it anymore in this country," said President Mugabe.
  • Zimbabwe's Minister of Mines, Walter Chidhakwa

    ZIMBABWE, 2014/03/18 CIVIL society groups in Manicaland have demanded the immediate cessation of diamond mining operations in Marange to pave way for an independent and comprehensive audit of all companies operating there, whose findings must as well be made public. The groups said they were appalled that government has, for the completed six years, parcelled out and shared such a strategic national resource to individuals and fly-by night investors in deals that have not helped the country's struggling economy or communities around the diamond-rich area. "It as well dampens our spirit to realize that government ... covertly parcelled out national resources to negative entities who have no interest in the socio-economic upliftment of the Zimbabwean people," reads a joint statement released in Mutare Monday by Centre for Research and Improvment(CRD), Zimbabwe Natural Resources Dialogue Forum (ZNRDF) and Marange Development Trust (MDT).
  • Mines and Mining Development Minister Walter Chidhakwa

    ZIMBABWE, 2013/12/12 Companies mining diamonds in the Marange area of Zimbabwe are requesting new alluvial deposits, claiming they are running out of diamonds in the ones formerly allocated and do not have the technology currently to mine underground deposits. They have pledged to start mining the underground deposits once they have the necessary equipment in place However, Mines and Mining Development Minister Walter Chidhakwa said miners must balance alluvial and conglomerate operations, and that they should have planned for the eventuality from the beginning of operations.
  • Bindura Nickel Corporation mining plan bears fruit

    ZIMBABWE, 2013/10/26 Bindura Nickel Corporation's revised mining plan has started bearing fruit next a marked increase in recoveries and a decline in costs, figures from parent firm Mwana Africa Plc' new trade update show. 'Recoveries have increased markedly to almost 89 % from 69,7 % before, while costs have dropped to US$9 689 a tonne from US$19 251 in the previous quarter,' Mwana said. Sales from Trojan Mine - BNC's flagship nickel mine - for the quarter to September additional than doubled to 1 505 tonnes of nickel concentrate sold to world commodity trader Glencoe International.
  • Zimbabwe coal industry seen hinging on power plants

    ZIMBABWE, 2013/05/19 The next of Zimbabwe's coal mining industry depends on the government's commitment to construction of additional power stations to create request for low grades of coal, an industry executive said on Friday. "As far as I am concerned, power stations are a pre-requisite for any next mining in Zimbabwe," Bob Henson, managing director of CoalZim told a Zimbabwe coal conference.
  • Deputy Minister of Mines and Mining Development Gift Chimanikire

    ZIMBABWE, 2013/01/09 Japan and China are involved in a scramble for Zimbabwe's vast coal deposits, as the southern African country goes amount out in search of investors. Energy experts believe, because of its coal deposits,Abut capacity constraints hamper exploration and exports. Presently with the Japanese eyeing Zimbabwe's coal deposits, the country hopes to ship 15 million tonnes annually to the Asian powerhouse.
  • Government intends to reduce mining fees

    ZIMBABWE, 2013/01/01 GOVERNMENT intends to reduce mining fees and levies by up to 50 %, Deputy Mines and Mining Development Minister Gift Chimanikire said yesterday. This follows an outcry from the industry next Government raised pre-exploration fees for most minerals by as much as 8 000 % in January this year.
  • Temba Mliswa,the President of Zimbabwe Economic and Empowerment Council (ZEEC),

    ZIMBABWE, 2012/12/25 Three major mining companies Metallon Gold — the major gold mining company in Zimbabwe — Vumbachigwe Mines and John Mack Gold Mine are set to lose their operating licences and cause numerous job losses after The Minister of Youth Development, Indigenisation and Empowerment Saviour Kasukuwere accused them of being ‘stubborn’ and failing to comply with Zimbabwe’s indigenisation regulations. Kasukuwere reportedly wrote to the Government Minister in charge of Mines, Mr. Obert Mpofu requesting that he endorses the proposals.