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New OFAC SDN Designations Under Zimbabwe Sanctions

Marange Resources is involved in the mining and sale of diamonds from the Marange diamond fields. Mbada Diamonds is a joint venture between the Zimbabwean government's mining arm, the Zimbabwe Mining Development Corporation, and two South African companies, Grandwell Holdings and Core Mining.

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Zimbabwe Mining Development Corporation

MMCZ Building, 90 Mutare Road, Msasa, Harare, Harare, Zimbabwe. Postal Address. Box 4101, Harare. Telephone. +263 4 487014 - 20. Fax. 04 487022. Website.

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All That Glitters is Not Gold: Turmoil in Zimbabwe's Mining Sector

On the other hand, artisanal miners are an important constituency in Zimbabwe's patronage politics, particularly as practiced by the ruling Zimbabwe African National Union-Patic Front (ZANU-PF). [fn] "Analysis of Risks Contributing to Illicit Financial Flows within Zimbabwe's Mining and Energy Sectors", PACT and UK Aid, …

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Caledonia explores funding options to build Zimbabwe's …

Caledonia Mining Corp is exploring options to raise $250 million needed to develop its Bilboes project into what could be Zimbabwe's biggest gold mine. The …

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Zimbabwe Lithium

ABOUT. Zimbabwe Lithium is a development company with an experienced executive mining team, complemented by financial and capital markets experts. The company is focused on finding and acquiring battery metals projects amenable to low-cost processing. The flagship project is the Kamativi Tailings Lithium Project.

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Zimbabwe and Zambia seek to unlock value from …

ZBCnews. Zimbabwe, Zambia and South Africa have resolved to adopt urgent interventions to fully operationalise the Pan-African Mining Development Corporation (PAMDC) and manage it in …

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Print Layout 1

Although mining rights were transferred from the MMCZ to the Zimbabwe Mining Development Corporation (ZMDC) in November 2006, there has been no discernible order in the mining process or oversight of the mining fields. Some panners carry out mining at night and scoop the ore onto scotch-carts, which they drive away from the fields and sieve

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THE CASE OF PLATINUM FOR ZIMBABWE

and Mining Development (MMMD), Zimbabwe Mining Development Corporation (ZMDC) and Minerals Marketing Corporation of Zimbabwe (MMCZ). 1.4 Platinum exports as a proportion of total exports and total output PGMs account for 32.25 percent of Zimbabwe's mineral production values and about 18 percent of the country's …

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Indigenisation and Economic Empowerment Act

(a) the Zimbabwe Mining Development Corporation established in terms of the Zimbabwe Mining Development Corporation [Chapter 21:08], and any company or other entity incorporated by the Zimbabwe Mining Development Corporation or by the Republic of Zimbabwe for the purposes of section 3(2b); or (b) the Zimbabwe …

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Development or destruction? Impacts of mining on the …

Zimbabwe, South African Geographical Journal, DOI: 10.1080/03736245.2022.2032294. ... Mining Development Corporation (ZMDC) and Chinese and South African investors, respectively ...

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Mining Laws and Regulations Report 2024 Zimbabwe

the Minerals Marketing Corporation of Zimbabwe Act [Chapter 21:04] – regulates the Corporation that is mandated to sell minerals in Zimbabwe; the Zimbabwe Mining Development Corporation Act [Chapter 21:08] – provides for the establishment, constitution, functions, powers and duties of the Mining Development Board and …

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IH Zimbabwe Mining Sector Report 2022

Zimbabwe: Renewed thrust to increase production. According to government estimates, mining sector production grew 3.4% in 2021 while receipts were up 25% y/y …

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Zimbabwe Mining Development Corporation Act [Chapter 21:08].

This Act establishes the Zimbabwe Mining Development Corporation. The operations of the Corporation shall, subject to this Act, be controlled by a board, to be known as the Mining Development Board. The functions and duties of the Corporation shall be: (a) to invest in the mining industry in Zimbabwe on behalf of the State; (b) to plan, co-ordinate …

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Zimbabwe: Chinese and military owned diamond firm scores …

Investigations carried out with support from Information for Development Trust, a non-profit organisation helping journalists to expose corruption and bad governance, established that Anjin has effectively taken over Portal B, a diamond-rich zone in Marange that was being mined by the Zimbabwe Consolidated Diamond Company (ZCDC), a …

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Nationalization of the Zimbabwe Mining Sector: Another

Zimbabwean Minister Saviour Kasukuwere recently announced a government plan to partially nationalize the country's mining sector. The announcement came after accusations by the minister that ...

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ZMDC to dilute stake in mining assets

Karat 14. 34.39. The Zimbabwe Mining Development Corporation (ZMDC) is planning to reduce its shareholding in mining assets across the country as part of a privatisation drive. ZMDC operates …

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Sanctions List Search

ZIMBABWE MINING DEVELOPMENT CORP. a.k.a. strong: ZMDC: Addresses: Address City State/Province Postal Code Country; MMCZ Building Harare Zimbabwe 90 Mutare Rd. P.O. Box 4101 Harare Zimbabwe SDN List last updated on: 10/20/2023 9:52:33 AM: Non-SDN List last updated on: 10/18/2023 11:43:33 AM ...

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Zimbabwe

Some SOEs, such as the Zimbabwe Iron and Steel Company (and its successor companies), the Minerals Marketing Corporation of Zimbabwe, and the Zimbabwe Mining Development Corporation, are subject to targeted sanctions administered by the U.S. Treasury Department's Office of Foreign Assets Control (OFAC).

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Zimbabwe Mining Guide

Associated Mine Workers Union of Zimbabwe . Afreximbank . The African Export-Import Bank . Africa Chrome Fields . Africa Chrome Fields (Private) Limited . Blanket Mine . Blanket Mine (1983) (Private) Limited . ... Zimbabwe Mining Development Corporation . ZMF . Zimbabwe Miners Federation . ZPC . Zimbabwe Power Company (Private) …

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Zimbabwe Mining Development Corp

A major new player entered the US side of the $70m dispute between South Africa's Amari Resources and the state-owned Zimbabwe Mining Development Corp (ZMDC) on 19 August. Mining 07.09.2022 Zimbabwe Fearing seizures, Mnangagwa transfers state mining assets to a new entity

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Caledonia Mining Corp Eyes $250m Funding for …

Caledonia Mining Corp (CALq.L) is actively exploring avenues to secure $250 million in funding, a crucial requirement for the development of its ambitious …

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Coal prospects in Botswana, Mozambique, Zambia, …

IDC Industrial Development Corporation (South Africa) ... Zimbabwe, and Namibia 7 Southern Africa has a wealth of coal resources as proven by the massive coal mining and export industry operating in the Republic of South Africa today. South Africa is well understood with its vast ... Not only does the mining industry need power, but with these ...

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African Consolidated Resources Plc and Others v Minister of

Commissioner, South African Revenue Servicev Hawker Aviation Partnership & Ors 2006 (4) SA 292 (SCA) at 299F- 300A. ... Ltd v Zimbabwe Mining Development Corporation and Others (HC 8410/10) [2011] ZWHHC 280 (04 January 2011); Free African Law. African Law (AfricanLII)

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The revolving door of Zimbabwe's mining investment keeps on …

Yet new mining projects do get announced in Zimbabwe. One is Tharisa's proposed $250m Karo Platinum Project, which aims to produce 150,000oz/year of PGMs, doubling the size of the Johannesburg-listed firm's current South African production. "Absolutely, you can invest in Zimbabwe," says Ilja Graulich, spokesman for the company.

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Zimbabwe

Zimbabwe is a member of the Southern African Development Community (SADC) and the Common Market for Eastern and Southern Africa (COMESA), and it is signatory to the SADC and COMESA trade protocols establishing free trade areas (FTA) with the aim of growing into a customs union. ... Investors in the mining sector who export 50 percent of …

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Development or destruction? Impacts of mining on the …

Zimbabwe, South African Geographical Journal, DOI: 10.1080/03736245.2022.2032294 ... and Mbada Diamonds, which are partly owned by government through the Zimbabwe Mining Development Corporation ...

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Unpacking the Challenges of Implementing the Ease of Doing …

In Sub-Saharan Africa, only Mauritius has scraped the cost of starting business and this is assumed to significantly reduce the time required in dealing with mining business set up. ... Ministry of Mines and Mining Development (MMMD), Zimbabwe Mining Development Corporation (ZMDC) and Minerals Marketing Corporation of Zimbabwe …

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