Business Articles

Brent crude drops 5% on hopes of reopened Strait of Hormuz, raising expectations for lower pump prices in Zimbabwe

Johnson Progress Fuel prices are expected to return to normal levels as a breakthrough in US-Iran negotiations paves the way for a peace agreement that could be signed in Switzerland later this week. Players in Zimbabwe’s petroleum sector say the deal will bring...

Mutapa Gold Declares US$35m Dividend on Soaring Bullion Prices

HARARE — Mutapa Gold Resources has declared a US$35 million dividend to shareholders after posting strong profits driven by higher gold prices and solid production over the past nine months. The board announced the payout last week. It represents 50% of the US$70...

Zimbabwe on track for 50-tonne gold target as deliveries reach 17 tonnes in five months

Johnson Progress Zimbabwe remains on course to meet its projected 50-tonne gold output for 2026, with deliveries to Fidelity Gold Refinery hitting 17 tonnes in the first five months of the year. Industry officials say the performance reflects strong contributions from...

Mine deaths climb in Zimbabwe as ground collapses drive fatalities higher

Zimbabwe’s mining sector has recorded a rise in fatalities during the first quarter of 2026, with 64 artisanal and small-scale miners losing their lives in a six percent increase compared to the same period last year. The figures, presented by Mines and Mining...