[img:Steel%20es_0.jpg|Essar Africa â€’ to revive and renovate Zimbabwe’s ZISCO steel plant]Harare, Zimbabwe --- MININGREVIEW.COM --- 10 March 2011 - Leading global steel producer India’s Essar Africa is to inject an initial US$750 million to re-start production at the Zimbabwe's state steel company â€’ The Zimbabwe Iron and Steel Company (ZISCO).
[img:Hwange%20-%20Pic%201_0.jpg|Hwange Colliery – Zimbabwe’s largest coal miner]Harare, Zimbabwe --- 03 January 2013 - State-run Japan Oil, Gas and Metals National Corporation (JOGMEC) is interested in importing coal from Zimbabwe, according to a senior Zimbabwean government official.
JOGMEC, which is responsible for securing a stable supply of oil, natural gas and mineral resources for Japan, plans to import as much as 15Mtpa of coal â€’ much more than Zimbabwe is currently producing, deputy minister of mines and mining development Gift Chimanikire said in an interview here reported by allAfrica.com.
“We met in December and they are looking at 15Mt annually," he said. “What is important now is to capacitate Hwange Colliery and ensure that all special grants that we issued in 2010 are utilised,” he added.
He added: “Obviously, we are going to have a big challenge (in terms of capacity and their requirements) but they are prepared to work with us on the production side and also in enhancing the railway system to have the product move faster to the port of Beira in Mozambique.”
Zimbabwe has an estimated 20 billion tonnes of unexploited coal reserves. It was expected to produce 2Mt last year compared with 2.5Mt a year earlier. At its peak in the mid-1990s, Zimbabwe produced more than 6Mtpa.
Hwange Colliery, the country's largest coal mining company, produces an average of 225 000t of coal a month, but plans to double output after securing a US$22 million mine equipment supply deal with a Chinese firm.
Zimbabwe's coal industry needs at least US$1 billion in new investment, the Zimbabwe Chamber of Mines told a local weekly paper in November last year.
The chamber said the 25 special grants issued by the government would significantly improve coal production, but this would depend on the company's ability to raise capital.
“We will soon be establishing their potential,” said Chimanikire, warning those who have not made progress that their special grants would be cancelled.
Zimbabwe faces stiff competition from Mozambique, which started coal exports last year. Tete Province is at the heart of Mozambique's coal rush, with the region endowed with one of the world's richest undeveloped coal reserves.
According to the World Bank, Mozambique could attract investment of up to U$10 billion in various coal projects in the next few years. In the next decade, the country could produce between 20 and 50Mtpa.
Zimbabwe is perhaps the only country whose colonisation by Europeans was a direct result of its perceived rich and wide variety of gold deposits. The Portuguese occupied parts of the country in the 17th century and traded in gold with local miners. Following the accounts of the Portuguese, and information gathered by 19th century explorers and hunters, a lot of interest on Zimbabwe’s gold was aroused in South Africa and Europe, leading to many fortune seekers visiting the country. Similarly, stories about unlimited gold riches, which were thought to be the provenance of the famous Witwatersrand deposits, led to the invasion of the country by Cecil John Rhodes’ British South Africa Company in 1890.
Ancient miners did a great deal of exploration and mining long before the arrival of the Europeans. The ancients discovered nearly all outcropping auriferous quartz veins and worked them down to the water table. Gold exploration in modern times, which has resulted in the discovery of over 6,000 deposits, was thus greatly facilitated by the numerous old workings. Gold exploration in Zimbabwe has therefore been largely biased at rediscovering quartz veins at old workings at the expense of virgin areas. Quartz vein ore bodies are normally small; consequently some commentators have often regarded Zimbabwe as a country of small gold deposits, a wrong conclusion that is mainly based on historical data, rather than on technical information. Also the sheer number of rediscoveries has led some commentators to wrongly conclude that the country has been over-prospected.
[img:Diamonds%20s_0.jpg|Zimbabwe Mining Development Corporation chairman Godwills Masimirembwa]Harare, Zimbabwe --- 16 March 2012 - Zimbabwe Mining Development Corporation chairman Godwills Masimirembwa says Zimbabwe's earnings from diamond sales will double if the European Union and the United States remove sanctions on the country.
In an interview with CNN monitored by all.Africa.com, Masimirembwa said sanctions were impacting negatively on the economy and should be removed.