Mining

From NewsDay By Blessed Mhlanga African Chrome Fields (ACF) has ploughed $250 million into mining. ACF national project liaison director Ashruf Kaka (AK) (pictured) tells NewsDay (ND) reporter Blessed Mhlanga about the company’s operations and the outlook. Find excerpts below. ND: Have you carried exploration works since buying Africa Chrome Fields? AK: We have done those exercises and continue to do so. We are in constant acquisition agreements with private partners to purchase more claims and to do contract mining agreements. We have sufficient resources to cover us for the...

From dailynews HARARE - Zimbabwe hosts a key mining conference next week in a bid to attract new foreign investors into the market, which it hopes will stimulate economic growth. The sudden and rapid developments in Zimbabwe late last year, which saw the military essentially remove former President Robert Mugabe and subsequently elevate Emmerson Mnangagwa to the top post, have ushered in a new opportunity for the country to achieve its economic potential as a powerhouse in the region. The president has repeated his mantra since his inauguration that "Zimbabwe...

From The Herald by Africa Moyo The mining sector remains the most favoured investment portfolio in the country, with 57 applications out of 153 approved in the first 11 months of the year, statistics from the Zimbabwe Investment Authority (ZIA) reveal. Zimbabwe has known reserves for 66 minerals including gold, diamonds, platinum, chrome and asbestos, among others, making the mining sector key attraction for investors particularly foreigners. From January to November 30, 2017, ZIA approved investment proposals worth $1,5 billion, which is slightly below what was achieved in the same...