ZMDC surrenders mining assets
ZMDC surrenders mining assets. Following close to one and half decade search for investors, state-owned Zimbabwe Mining Development Corporation (ZMDC) has finally secured equity partners for most of its mining assets. ZMDC, the holder of vast mineral resources including platinum, gold, coal bed methane, emeralds among others …
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Transparency and illicit financial flows: what ZCDC
ZCDC is a State-Owned Enterprise (SOE), wholly owned by the government of Zimbabwe through the Zimbabwe Mining and Development Corporation (ZMDC). Formed in March 2015, the government's main drive for establishing ZCDC "was to ensure that there would be transparency, accountability and optimal commercial exploitation and …
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Zimbabwe Mining Development Corporation (ZMDC)
Zimbabwe Mining Development Corporation (ZMDC) NEWS. Kamativi Lithium Mine set to start production. January 11, 2024; 2 mins Read ... up-to-minute news, policy and comprehensive analyses of the Zimbabwe mining industry. Telephone: +263 242 777728 . Visit us (Zimbabwe) 4th Floor Fidelity Life Towers; Raleigh St, Harare; South Africa. …
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Kamativi Lithium Mine set to start production
Kamativi Mining Company started operations in 2019 and it is focused on lithium exploration, mining and processing within Kamativi. The new processing plant has a capacity to produce 50,000 tonnes of spodumene concentrate per year, which will then be processed into lithium salts. The plant will initially rely on a 33KV power line from …
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Bikita minerals complete construction of a 12MW solar plant
According to Bikita Minerals Corporate Social Responsibility (CSR) officer Collin Nikisi, the lithium miners completed the solar project and is in the process of constructing a 120KM Tokwe-Bikita powerline which will be commissioned by 31 March 2024. "Bikita Minerals has successfully completed the construction of a 12MW …
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Zimbabwe Mining Development
Who is Zimbabwe Mining Development. ZMDC is wholly owned by the Government of the Republic of Zimbabwe and owns a number of subsidiaries. ZMDC has been and continues to be a major pla yer and contributor to the growth of the Zimbabwean economy in general. Mining proceeds from ZMDC have contributed significantly to the national gross …
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Ministry of Mines and Mining Development – Building an …
WELCOME TO THE MINISTRY OF MINES AND MINING DEVELOPMENT. The Ministry of Mines and Mining Development has its key deliverable as the generation of revenue for …
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Zimbabwe Mining Development Corporation (ZMDC)
The Zimbabwe Mining Development Corporation recognises effective corporate governance as critical for the attainment of its corporate goals. Good corporate governance principles guide the Corporation's entire decision making and control processes and this, is aimed at maximising shareholder value,reducing business risk while ensuring that the …
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5/19/2016 About Us | Zimbabwe Mining Development …
ZMDC is a state-owned company that engages in prospecting, exploration, mining and beneficiation of various minerals in Zimbabwe. It has joint ventures and subsidiaries in …
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Zimbabwe Overview: Development news, research, data | World Bank
Economic context. Zimbabwe's economic development continues to be hampered by several challenges. Real GDP is estimated to have grown by 5.5% in 2023, after a 6.5% growth in 2022, due to an expansion in agriculture, mining, and remittances-induced services growth. Nevertheless, macroeconomic volatility fueled by monetary …
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Zimbabwe Mining Development Corporation Act [Chapter …
04 November 1983. Date of commencement: 04 November 1983. In force: Yes. Taxonomy: AN ACT to establish the Zimbabwe Mining Development Corporation and to provide for the functions, powers and duties thereof; to provide for the constitution, functions, powers and duties of the Mining Development Board. Download:
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ZMDC to dilute stake in mining assets
The Zimbabwe Mining Development Corporation (ZMDC) is planning to reduce its shareholding in mining assets across the country as part of a privatisation drive. ZMDC operates Sabi Gold Mine in Zvishavane, Jena Gold Mine in Silobela, and Elvington Gold Mine in Chegutu, Mhangura Copper Mine, Alaska, Sandawana and Kamativi. It has …
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Latest updates & insights on the mining industry in Zimbabwe
Zimplats is reducing its 8000-strong workforce by 1% as the Platinum miner moves to implement…. April 12, 2024. 1 min Read. 0 Shares. Tracking Zimbabwe's mineral resources, investments, regulations, industry trends, innovation, market analysis, Mining Zimbabwe gives comprehensive news coverage.
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Mining Laws and Regulations Report 2024 Zimbabwe
the Zimbabwe Mining Development Corporation Act [Chapter 21:08] – provides for the establishment, constitution, functions, powers and duties of the Mining Development Board and regulates the financial affairs of the Zimbabwe Mining Development Corporation; ... Transfer duty is payable by the purchaser on the sale at …
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ZMDC to dilute stake in mining assets | Mining Index Zimbabwe
The Zimbabwe Mining Development Corporation (ZMDC) is planning to reduce its shareholding in mining assets across the country as part of a privatisation drive. ZMDC operates Sabi Gold Mine in Zvishavane, Jena Gold Mine in Silobela, and Elvington Gold Mine in Chegutu, Mhangura Copper Mine, Alaska, Sandawana and Kamativi. It has …
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Manhize a complete mining value chain project, Chitando
The Minister of Mines and Mining Development Hon Winston Chitando has labelled the Dinson Iron and Steel project in Manhize as a complete mining and comprehensive value addition project which is in line with the US$12 billion mining industry.. Rudairo Mapuranga. Speaking at the handover ceremony of a mining lease to …
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Government Impressed with Mimosa Development, CSR …
The Deputy Minister of Mines and Mining Development, Dr. Polite Kambamura, has expressed satisfaction with the country's second-biggest platinum group metals (PGMs) producer, Mimosa Mining Company's, development and corporate social responsibility (CSR) projects. Rudairo Mapuranga Last week, the Deputy Minister visited …
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Disco wants local foundry to benefit
Dinson Iron and Steel Company (Disco) is setting up structures and policies to ensure that the local foundry industry benefits from its Manhize project, company Managing Director Benson Xu has said. Rudairo Mapuranga. This was revealed at the handover ceremony of the Disco mining lease by the Minister of Mines and Mining …
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ZIMBABWE MINING DEVELOPMENT CORPORATION
Find company research, competitor information, contact details & financial data for ZIMBABWE MINING DEVELOPMENT CORPORATION of Harare. Get the latest …
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Zimbabwe Mining Development Corporation Act [Chapter …
This Act establishes the Zimbabwe Mining Development Corporation. The operations of the Corporation shall, subject to this Act, be controlled by a board, to be known as the Mining Development Board. The functions and duties of the Corporation shall be: (a) to invest in the mining industry in Zimbabwe on behalf of the State; (b) to plan, co-ordinate …
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Zimbabwe Mining Development Corporation …
Learn more about Zimbabwe Mining Development Corporation (ZMDC)'s jobs, projects, latest news, contact information and geographical presence.
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Zimbabwe Mining Development Corporation [ZMDC]
The Zimbabwe Mining Development Corporation (ZMDC) has gone into Joint Venture partnerships with a number of partners as part of the partial privatisation of seventeen (17) of its subsidiaries as enshrined in the National Development Strategy One (NDS1). ZMDC is expected to contribute directly towards a US$12 Billion Zimbabwe Mining Sector by …
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ZMDC to dilute stake in mining assets | Mining Index …
July 1, 2021. 0 234. The Zimbabwe Mining Development Corporation (ZMDC) is planning to reduce its shareholding in mining assets across the country as part of a privatisation …
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South Mining commended for its CSR strategy
HWANGE-based coking coal producer, South Mining (Pvt) Ltd was commended for its Corporate Social Responsibility (CSR) initiatives, including the construction of a state-of-the-art community library. Rudairo Mapuranga Education, in South Mining's eyes, is a powerful tool for social cohesion, peace, and economic …
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The revolving door of Zimbabwe's mining …
Yet new mining projects do get announced in Zimbabwe. One is Tharisa's proposed $250m Karo Platinum Project, which aims to produce 150,000oz/year of PGMs, doubling the size of the …
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Zimbabwe showcasing mineral potential & investment …
February 5, 2024. Read Next. Zimbabwe will from the 5th of February to the 8th of February 2024 showcase its mineral potential and investment opportunities available in the country at Mining Indaba, which is largest Mining Investment Event held on Africa soil. The annual event hosts thousands of investors, industry captains and key government ...
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Zimbabwe Mining Development Corporation Act [Chapter …
The functions and duties of the Corporation shall be: (a) to invest in the mining industry in Zimbabwe on behalf of the State; (b) to plan, co-ordinate and implement mining development projects on behalf of the State; (c) to engage in prospecting, exploration, mining and mineral beneficiation programmes; (d) to encourage and undertake the ...
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ZMDC and Essar Africa Explore Iron Ore Deposits | Mining …
The Zimbabwe Mining Development Corporation has teamed up with Essar Africa, the Indian steel conglomerate which has significant interests in minerals, to explore iron ore deposits. Through its subsidiary, NewZim Minerals, Essar owns 80 percent of iron ore claims at Buchwa Mine, Ripple Creek and Manhize Ranch, while the …
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The revolving door of Zimbabwe's mining investment keeps …
September 6, 2022. Emmerson Mnangagwa, Zimbabwe president. ZIMBABWE'S mining sector was delivered a body-blow in June when Russian firm Vi Holding withdrew its …
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ZMDC Small Scale Milling Centres
The Zimbabwe Mining Development Corporation (ZMDC) was established in 1982 by an Act of parliament ZMDC Act [Chapter 21:08], with part of its mandate being: • To render …
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