Browsing Tag Zimbabwe Mining Development Corporation
Biti cuts public spending, increases taxes
By Our reporter at July 20, 2012 | 1:34 AM | 5 Comments
FINANCE minister Tendai Biti on Wednesday cut public spending and raised taxes in his mid-year fiscal review. He said the country had to “act and save ourselves [or] we do nothing and drown”. Announcing that the government had reduced its 2012 growth forecast from the 9.4 per cent predicted at the end of last year to 5.6 per cent, Biti said he had been forced to more...
Zimbabwe mining fees permanent: minister
By Our reporter at May 15, 2012 | 1:50 AM | 0 Comment
GOVERNMENT says the new mining licence fees gazetted in January will not be reversed despite calls by the mining industry for the levies to be reduced. The new fees for the mining sector range between U$3 000 and US$5 million. Mines and Mining Development Minister Obert Mpofu yesterday told the Parliamentary Portfolio Committee on Mines and Energy that the new more...
KP certifies new Zimbabwe diamond mine
By Our reporter at February 12, 2012 | 2:25 AM | 0 Comment
A new Zimbabwe diamond mine has been certified to sell gemstones under the Kimberly Process Certification Scheme (KPCS), bringing to four the number of compliant companies in Marange, officials have confirmed. Diamond Mining Company (DMC), 50 percent owned by the Government through the Zimbabwe Mining Development Corporation (ZMDC) and 50 percent owned by a foreign more...
‘We had to compromise on Marange’: US
By Our reporter at November 6, 2011 | 2:37 PM | 3 Comments
THE United States says the abstention from a vote at last week’s Kimberley Process plenary session in Kinshasa that allowed Zimbabwe to export diamonds mined in Marange fields was important in allowing progress within the Kimberley Process. The country says it was a necessary compromise. Western nations – led by the US, Canada and Australia – wanted to bar more...
US$100m to house Marange families
By Our reporter at October 2, 2011 | 11:50 PM | 0 Comment
OVER 300 families displaced from the Marange diamond field to ARDA Transau are set to benefit from a US$100 million infrastructure development programme by a diamond mining company ANJIN. The company is a joint venture operation between Zimbabwe Mining Development Corporation( ZMDC) and a Chinese investment company. ANJIN has built 474 houses, furnished secondary more...
Govt to withdraw unused mining claims
By Our reporter at September 20, 2011 | 9:29 PM | 0 Comment
THE clampdown on the abuse of mining claims has intensified with Government declaring it would soon be withdrawing undeveloped mining claims. A mining sector rationalisation programme has also revealed that opportunities exist, mainly in diamond, platinum, chrome and gold mining. In an interview last week, the Minister of Mines and Mining Development Obert Mpofu more...
Mpofu responds to Mawere’s litigation
By Our reporter at July 8, 2011 | 3:26 AM | 0 Comment
SHABANIE Mashava Mine will remain under reconstruction until Government is satisfied with its revival, Mines and Mining Development Minister Obert Mpofu has said. He said any litigation should include the Government-appointed administrator, Afaras Gwaradzimba, not the Minister of Mines. Minister Mpofu was responding to litigation launched against him by businessman more...
