Coloured Gemstones Business

Wednesday, 14 August 2019 by

The Minerals Marketing Corporation of Zimbabwe is working on streamlining marketing of coloured gemstones. In light of this, the Corporation is building a database of buyers of such minerals. Individuals and companies (including jewellery companies) that are in the business of cutting and polishing (processing) coloured gemstones are being invited to register with the Corporation

The Minerals Marketing Corporation of Zimbabwe (MMCZ) coordinated the Ministry of Mines and Mining Development’s (MMMD) inaugural clean-up campaign on Friday, 5 April. The MMMD Minister Winston Chitando led the state owned enterprises under his portfolio during clean-up at Batanai primary school in Mabvuku last Friday. He was accompanied by his deputy Hon P Kambamura, the Secretary for MMMD, Mr Onesimo M Moyo and directors in the Ministry. MMCZ board members comprising Dr Eng. Mercy Manyuchi, Mrs Rosemary Mukogo and Mr Ignatious Tichivangana as well as Mr Tongai Muzenda, MMCZ’s General Manager graced the event and led the MMCZ team from the front.

Minerals Marketing Corporation of Zimbabwe (MMCZ) donated goods worth over $200,000 towards victims of cyclone Idai which ravaged the eastern parts of the country resulting in loss of life and property, leaving thousands of people distressed and homeless.

On Friday the 29th of March 2019, the Deputy Minister of Local Government, Public Works and National Housing, Honourable Mhlanga received the items which included  2,000 2 ply double and single blankets, 3 tonnes beans, 5 tonnes mealie meal, 1 tonne rice, 2,000 litres cooking oil, 8,000 litres water, 1,000 green laundry bars and reusable sanitary pads.  These were handed over by the Deputy of Ministry of Mines and Mining Development, Honourable P kambamura.

Chrome Smelters in Zimbabwe

Friday, 15 March 2019 by

Zimbabwe has a total of 14 chrome smelters namely Afrochrine, Maranatha, Zimasco , Oliken, Niarchos, ZimAlloys, Jin An, Almid, Wel Mining, Nelson Holdings  Xin Yu, Golden Horizon, Jin Yi Enterprises and Trove Smelter. These smelters have a combined installed capacity of 320,000MT per annum. However, in 2018, a total of 290,092MT was exported owing to a number of challenges. Afrochine emerged as the biggest exporter of high carbon ferrochrome (HCFC) have sold 90 740MT followed by Zimasco with 80 450MT. Zimasco produces HCFC with an average chrome content between 57% and 60% while Afrochine’s product has an average chromium (Cr) content of 54%. Another strong contender with high output was Niarchos (55 660MT averaging 54 – 56% Cr). 

The calls for the wider implementation of mineral beneficiation have become louder across many developing countries.  The calls emanate from a consensus that there is an inherent advantage for mineral rich countries to establish internal capacity to process their minerals into semi-finished or finished materials.

The principal advantage of beneficiation is derived from the multiplier effect created by a broader scope of manufacturing and industry capacity. This consequently ignites economic growth. Notwithstanding the appreciation of the significance of beneficiation, it can be agreed that it is yet to develop and extend at the intended scale especially in Africa.  The reasons for this position are varied but chief among the causes is the adoption of policies, strategies, and initiatives that are not grounded in the solid analysis of economic sustainability.

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Minerals Marketing Corporation of Zimbabwe has appointed Tongai Matthew Muzenda as substantive General Manager (GM) effectively from 1 February, 2019, after eight years. Mr Muzenda holds a Masters of Business Leadership degree from University of South Africa and a BSc Honours in Economics from the University of Zimbabwe. He is a seasoned business and marketing Leader with over 30 years experience, gained across several sectors including Mining, Agriculture and Public Sector Services. He worked for Anglo American Corporation Services Limited in different managerial capacities.

MMCZ Announces new board

Tuesday, 20 November 2018 by

The Minerals Marketing Corporation of Zimbabwe is pleased to announce its new Board of Directors. The board formerly met MMCZ’s management team on the 2nd of November, 2018 where board members were brought to speed on the functions and mandate of the Corporation as represented by the different departments. The team brings together a wide variety of recognized skills, which will be a valuable asset in the execution of the Corporation’s strategy and ensuring that the country’s mineral exports are fully accounted for, to the benefit of the nation.

On 16 July 2018, Minerals Marketing Corporation of Zimbabwe (MMCZ) in conjunction with Applebridge Investments held a small scale chrome miners consultative meeting at Cresta Lodge in Harare. The meeting discussed inter alia; chrome production constraints, pricing and logistical challenges. One of the recommendations mooted during this meeting was the formation of a chrome ore pricing Committee, which comprises representatives from lumpy chrome producers, chrome concentrate producers, Zimbabwe Miners Federation (ZMF) and MMCZ. It was agreed that the purpose of the Committee would be to set minimum floor prices below which export sales could not take place. 

BOGUS DIAMOND AGENTS ALERT

Tuesday, 03 July 2018 by

Minerals Marketing Corporation of Zimbabwe (MMCZ) wishes to advise the diamond customers, business community and all stakeholders, that it is the sole marketer of all minerals including diamonds produced in Zimbabwe except gold and silver. As such, MMCZ does not have any approved, certified nor accredited diamond agents.

It has regrettably come to the attention of MMCZ that there are unscrupulous criminal elements masquerading as MMCZ agents that are misrepresenting the country by acting as Zimbabwean diamond trade middlemen. In particular, MMCZ wishes to distance itself from the dealings of Kaluba Diamonds, a company that is fraudulently using MMCZ’s logo in its documents.

The mining fraternity is on the brink of rediscovering its old sparkle especially looking at the vast developments that have been witnessed lately. Among other developments is the imminent commissioning of the Yadah Connect’s marble cutting and polishing plant located on Plymouth Road in Southerton. The plant is being assembled and the commissioning is penciled for the end of February if all goes according to schedule. The plant will be getting material for processing from the Yadah Connect mines. Currently Yadah Connect has one operational marble mine in Concession and 27 marble claims dotted around the country, which are yet to be operationalised.

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