www.chronicle.co.zw/zmdc-partner-to-mine-umzingwane-alluvial-gold/

June 23, 2021

The Zimbabwe Mining Development Corporation (ZMDC) and Head Heart Enterprises (Pvt) Limited have engaged a local environmental consultant to conduct an Environmental and Social Impact Assessment (ESIA) for the proposed alluvial gold mining operation in Umzingwane, Matabeleland South province. The planned mining project is a joint venture between ZMDC, a Government-owned mining company and Head Heart Enterprises (Pvt) Ltd, a private investor. According to the consulting firm, BUMIRA Environmental Consultants, which is set to undertake the ESIA for the mining project, the mining operation will be established on an estimated 895,4-hectare piece of land in Umzingwane District on the confluence of Umzingwane and Nyankuni rivers about 110 kilometres from Bulawayo off Zvishavane-Filabusi Road. 

Government in partnership with foreign investors

Government, in partnership with foreign investors, has come up with a strategy to take the lead in driving investment in the mining sector following the establishment of Kuvimba Mining House. Government has a 65% shareholding. Government also plans to use profits from a mining venture to help settle the $3.5 billion compensation claim from white farmers. 

Approval of the proposal for a joint venture between the Zimbabwe Mining Development Corporation and Fossil Mine

Cabinet considered and approved the proposal for a joint venture between the Zimbabwe Mining Development Corporation and Fossil Mine for graphite mining under contract at Lynx Mine, which was presented by the Chief Executive Officer of the Zimbabwe Investment and Development Agency. 

Kuvimba Mining House paid US$5,2 million dividend

Kuvimba Mining House (KMH) paid an inaugural US$5.2 million dividend to Government and other local shareholders following a positive performance during the financial year ended 31 March 2021. 

Two Joint Venture Projects Approved by Cabinet

The two projects approved at Cabinet are for joint ventures between ZMDC and: Govine Enterprises over Shamrock Mine in Hurungwe which will reopen by the end of 2022 employing an estimated 4 500 people and generating US$32 million per annum; Hongua International over Angwa mine and the Chidzikwe dump which will be operational by mid 2022 employing an estimated 400 people, generating an estimated US$33 million per annum. 

Ten gold miners to buy into Fidelity Printers

Ten companies have agreed to pay $49 million to take 60% of Zimbabwe's sole gold refiner and exporter, now owned by the central bank. 

Govt, Civil Servants Agree On New Benefits

Civil servants' representatives yesterday signed an agreement with the Government in acceptance of the significant steps taken to improve conditions of service for its workers. In a statement, Secretary to Service Commissions Ambassador Jonathan Wutawunashe said the agreement was a result of further concessions that the Government has made to further improve the welfare of its workers. Ambassador Wutawunashe said the Apex Council, on behalf of public service workers' unions and Government representatives, met in the National Joint Negotiation Council (NJNC), where they negotiated and signed the agreement.

Government Foreign Consortium Behind Kuvimba Mining House

Government, in partnership with foreign investors, has come up with a strategy to take the lead in driving investment in the mining sector following the establishment of Kuvimba Mining House. Government has a 65% shareholding. Government also plans to use profits from a mining venture to help settle the $3.5 billion compensation claim from white farmers.

The Government Has Resumed Operations Of Shabanie-Mashava Mines (SMM)

The government has expressed satisfaction with progress towards the resumption of operations at Shabanie- Mashava Mines (SMM) with asbestos production expected to start in July 2019 when de-watering of flooded shafts is expected to be complete. Reconfiguration of machinery at the mine to enable it to process other minerals such as manganese, chrome and nickel is underway amid revelations that dumps at firm’s mines in Mashava and Zvishavane were rich in those minerals.

Zimbabwe Consolidated Diamond Company (ZCDC), Alrosa seal joint venture deal

The government signed a joint venture agreement with the world’s top diamond producer by volumes, Alrosa Overseas SA, for the exploration, extraction and marketing of diamonds, in a development expected to transform the country’s diamond sector. The move is an endorsement of President Mnangagwa’s robust drive to attract investment in a bid to turn around the economy.

ZMDC to embark on river bank mining.

The government, through the  Zimbabwe Mining Development Corporation (ZMDC), will soon embark on riverbank mining along major rivers in a bid to tap into precious minerals, Lands, Agriculture, Water, Climate and Rural Resettlement Minister Perrance Shiri has said.