Mining can never be detached from politics but Zimbabwe’s politicians try to justify and magnify their party ideologies, thus, the existence of abundant natural resources generates a series of economic and political distortions.
HARARE, Zimbabwe, April 26 (UPI) -- Officials say a vicious cycle of poverty, which drives people to illegally pan for precious minerals, is drying up Zimbabwe's rivers at an alarming rate.
[SW Radio] New mining fees in Zimbabwe, which have been condemned as 'exorbitant', will not be reviewed, after Mines Minister Obert Mpofu said the new fees were proving profitable.
HARARE (Reuters) - Zimbabwe's may cut its economic growth projections for this year, while inflation forecasts could be higher than previously expected, Finance Minister Tendai Biti said on Thursday. Since 2009, the southern African country has been recovering from a decade of decline, but the economy remains fragile with coalition government partners President Robert Mugabe and Prime Minister ...
Chinese diamond firm Anjin failed to remit revenue from its operations in Zimbabwe's controversial Marange fields in the first quarter of this year, Finance Minister Tendai Biti said on Thursday.
HARARE - Zimbabwe's finance minister has ruled out holding elections this year, saying the troubled nation does not have enough money to fund the polls. He blamed the problem on diamond mining firms failing to pay the government its share of revenue. Addressing journalists in Harare, Finance Minister Tendai Biti said it was essential that the country’s precious stones help turn around the nation ...
President Robert G. Mugabe has begun pressuring companies operating in the country to comply with a law requiring that black Zimbabweans own more than half their shares.
[Zimbabwe Independent] THE mining sector is likely to miss the projected 15,9% growth target this year due to a plethora of challenges, chief among them erratic electricity supplies and lack of financing for developmental projects.
The muggy, impenetrable darkness of the African night offered me little solace as I was pushed into the tiny prison cell. The smell of human sweat was overpowering as I focused on a tangle of limbs on the concrete floor. The heavy...