Gold worth US$5m vanishes from Falgold. ZIMBABWE Stock Exchange mining-listed firm, Falcon Gold Zimbabwe (Falgold), lost nine gold bullions worth nearly US$5 million from its safe and managed to keep the theft under wraps for the past five years, the Financial Gazette’s Companies & Markets can reveal.
Zimbabwe has a long history of mining and there are known occurrences of over 40 minerals in Zimbabwe, mainly gold, nickel and copper but also including coal, diamonds, PGE's and chromite. The Zimbabwean mining industry has operated for over 100 years and prior to the collapse of the economy from 2005 onwards, there was a
Sep 16, 2013· Zimbabwe's billion dollar gold-mining industry is crucial for the country's struggling economy but, traditionally, more than half the country's population has been excluded from taking part. But now Zimbabwean women are breaking barriers to share in the wealth, following in the steps on one extraordinary entrepreneur.
The Chamber of Mines of Zimbabwe (COMZ) is a private sector voluntary organization established in 1939 by an Act of Parliament. The members include mining companies, suppliers of machinery, spare parts, and chemicals, service providers including banks, insurance companies, consulting engineers, and various mining related professional
Zimbabwe's post-2000 period has been characterised by a dramatic increase in artisanal small-scale mining (ASM), particularly gold mining. Economic decline and rising unemployment meant that ASM provided one of the very few opportunities for survival and capital accumulation.
Mining was Zimbabwe's leading industry in 2002, contributing 27% of export trade. The chief minerals were coal, gold, copper, nickel, tin, and clay, and Zimbabwe was a world leader in the production of lithium minerals, chrysotile asbestos, and ferrochromium, with more than half of the world's known chromium reserves.
13-12-2013· The company, a joint-venture mining firm established in 1994 and jointly owned by the Development Trust of Zimbabwe which was established by the late Vice-President Joshua Nkomo and Russian company Econedra Limited, has been doing extensive exploration work on its claims in Chimanimani over the past two years.