Home Mining Top 5 Mining Headline Stories of the Week

Top 5 Mining Headline Stories of the Week

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By Moses Charedzera

  • ZMF sign ground breaking growth and development deals  

The Rushwaya led Zimbabwe Miners Federation ZMF has signed three small scale and artisanal mining growth and development deals CBZ Holdings, CMED and Ali Japan 786 Zimbabwe Private Limited in an endeavour to see the mining sector achieving USD 12 billion by 2023

As part of its formalisation exercise the federation has partnered with these firms for them to fill in the logistics gaps for small scale and artisanal miners to ensure that mining growth and development happens.

According to ZMF President Ms Henrietta Rushwaya, the Federation body of small scale and artisanal miner has committed themselves to make sure that ASM aid the minister’s vision for the mining sector achieving a usd12 billion industry by 2023. Source: miningzimbabwe.com

  • Zvishavane Hospital Will Be Useful To Me-ED

President Emmerson Mnangagwa has commended Mimosa for its Corporate Social Responsibility programmes in Zvishavane and the nation at large.

Yesterday (Wednesday) he commissioned a two storey girls’ hostel at the Zvishavane Vocational Training Centre as well as a state-of-the-art private ward at the Zvishavane District Hospital worth over $ US 1 million.

Speaking at the commissioning of the two projects, President Mnangagwa said the refurbished and fully equipped private ward, will undoubtedly provide quality specialist health care services in the district.

“Since I come from very near here, I’m very happy that the ward can be very useful to me. I congratulate and commend you for bringing this critical infrastructure development closer to the people. Furthermore, I applaud Mimosa for responding to the Government’s call in the fight against Covid-19 pandemic.

“The company is praised for facilitating the establishment of isolation and treatment centres at Gweru and Masvingo provincial hospitals as well as at the Robert Gabriel Mugabe International Airport.

“I’m informed that Mimosa Mining Company in conjunction with Murowa Diamond Company rehabilitated Lundi Rural Health Care Isolation Centre. We thank the two companies for that initiative, “he said. Source: Great Dyke News 24

  • Mining Companies Challenged To Make Tangible CSR Investments In Host Communities.

Government has called on mining companies in the Great Dyke to invest meaningfully to improve the quality of life in all sectors of the communities that they operate in.

Speaking at the Commissioning of the New Private Ward at Zvishavane District Hospital Mines and Mining Development Minster Winston Chitando reminded miners that there should be tangible investment for the millions of ore extracted.

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Speaking at the same event Mimosa Mining Company Managing Director Fungai Makoni said the company has pursued a vibrant Corporate social responsibility programme running under the twin themes of “Investing Beyond Mining” and “Let’s Go Zero” initiatives. Source: Great Dyke News 24

  • Impala approached over stake in Zimbabwe platinum project

The owners of a Russian-backed project to build Zimbabwe’s biggest platinum mine have held talks to sell a stake of at least 20% to Impala Platinum Holdings Ltd., according to people familiar with the matter.

Great Dyke Investments views Impala as an attractive partner partly because the Johannesburg-based company also has the capacity to process ore from the mine, said the people, who asked not to be identified as the details aren’t public. That would give Great Dyke an offtake agreement to help it to raise financing to complete the mine, they said. Great Dyke — owned jointly by tycoon Vitaliy Machitski’s Vi Holding and undisclosed Zimbabwean investors — is in talks with a number of potential equity partners, Chairman David Brown said in an interview, without being more specific.

Great Dyke’s Darwendale project has the potential to become one of the world’s biggest platinum mines and its development is central to the Zimbabwean government’s plans to reboot its collapsing economy. Source: iol.co.za

  •       Lack of hierarchy behind production success of Zimbabwe’s platinum miners, says Implats

ONE of the major contributors to the efficiency of the Zimbabwe platinum mines was the “… very different dynamic between employer and employee” on those mines compared with South African operations.

That’s according to Impala Platinum CEO, Nico Muller, who was taking part in a discussion with Anglo American Platinum CEO, Natascha Viljoen, at the Joburg Indaba mining conference on October 7.

Both groups operate mines in Zimbabwe which, despite that country’s major economic and social problems, routinely outperform their respective South African operations.

Viljoen commented in September at the Joburg Indaba PGM conference that: “I very often wish I could bottle what they have and distribute it across the company. The quality of work and efficiency is absolutely extraordinary”.

Muller commented that: “There’s a much lower hierarchical structure in the relationship between the CEO and management of Zimplats down to employee level.

“There’s also a much clearer sense of purpose and accountability and also of consequence if things go wrong. Source: miningmx.com

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