Business

Miners face US$10 billion capital funding gap

Adelaide Moyo in Victoria Falls ZIMBABWE’S mining industry requires US$10 billion over the next five years to sustain operations and ramp up production, an official has revealed.Speaking at the Chamber of Mines of Zimbabwe’s Annual Mining Conference, the chamber’s immediate past president John Musekiwa said the sector required affordable capital and improved infrastructure to sustain…

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Lithium miners seek tax relief

Adelaide Moyo in Victoria Falls ZIMBABWE’s lithium producers have appealed to the government for tax relief, warning that the country’s high-tax regime is threatening the survival of operations and future investments.Speaking at the Chamber of Mines of Zimbabwe Annual Conference, chairman of the Lithium Producers Association, Innocent Rukweza said local miners were currently saddled with…

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Government to seize idle coal assets

Adelaide Moyo in VICTORIA FALLS THE government will repossess long-idle coal concessions and has officially classified coal as a special critical mineral as part of a regulatory overhaul aimed at ensur­ing national energy security. Officiating at the 2026 Chamber of Mines Mining Conference and Exhibition in Victo­ria Falls, the minister of Mines, Polite Kam­bamura, said…

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Gold miners bullish as output, exports surge

Adelaide Moyo in Victoria Falls GOLD miners in the country are bullish on the industry’s immediate outlook, projecting that elevated global prices and mine revivals will drive output and export earnings to historic highs.This comes as gold output is projected to surpass 50 tonnes this year, with export earnings expected to hit US$5 billion as…

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