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President Emmerson Mnangagwa re-opens Eureka Gold Mine



Eureka Gold Mine

Cde Mnangagwa yesterday officially re-opened Eureka Gold Mine in Guruve that is expected to produce at least 1,5 tonnes of the mineral when it reaches full production capacity in the next 18 months.

The re-opening of the mine follows a $60 million capital injection by Delta Gold. The mine that ceased operations 15 years ago, will also employ at least 400 people when operating at maximum capacity. In his address, Cde Mnangagwa said Government’s thrust was to partner investors to exploit the country’s resources for the benefit of communities and the nation at large.

“Here in Guruve, the resources that are underground are yours,” he said. “But if we do not exploit them they will remain underground while you remain poor.
“We, therefore, need investors that will assist us to exploit those minerals so that we develop as communities and as a nation. The resources can only be useful to us if they are exploited.”

Cde Mnangagwa said Government was focused on economic development more than politics.He said the re-opening of Eureka Gold Mine would contribute significantly to the country’s gold production.“The re-opening of the mine offers an opportunity for it to make its contribution to the nation’s gold output which is expected to reach 100 tonnes per annum in the next five years,” said President Mnangagwa.

“I urge you, therefore, to think big from the onset. There are now immense possibilities that abound in the sector.”President Mnangagwa urged the company to adopt new technologies to maximise output.

“Equally important is a need to gradually increase the employment capacity of the mine and foster mutually beneficial relationships with communities around the area in which you operate,” President Mnangagwa said.

He thanked the investors for the confidence they had shown in Zimbabwe.“This injection of $60 million into the resuscitation of this mine bears testimony to the confidence that investors have in the bright future of our country,” said President Mnangagwa.

“This landmark event, together with the re-opening of Shabanie Mine, among others, is indeed evidence of my Government’s resolve to leverage on our country’s natural resources endowments to grow our economy, create decent jobs and improve the standard of living of our people throughout the country.

“To this end, allow me to assure all investors that under my Government, investments are safe in Zimbabwe.”President Mnangagwa said Government would continue to facilitate exploration and establishment of new mines, re-open closed ones and increase capacity utilisation.

Eureka Gold Mine process director Mr Mike Evans said the mine would be equipped with a Carbon-in-Pulp plant which was a modern facility to trap gold.
Mr Evans said the mine would employ more than 400 workers.“Between now and construction, we will employ 250 to 300 and then 400 when we are in full production.

“We will start off with a target of about 150 kilogrammes of gold per month and as we go deeper we increase to 200kgs or more per month,” he said.
President Cde Mnangagwa donated 20 computers each to Guruve and Chimanikire primary schools. The mine re-opening ceremony was also attended by acting Minister of Mines and Mining Development Cde July Moyo, Minister of Environment, Water and Climate Oppah Muchinguri-Kashiri, senior government officials, local traditional leaders and villagers.

The Chronicle


African Union’s Inclusion in G20: A Significant Acknowledgment of a Continent with 1 Billion Inhabitants




The world’s most powerful economies, the G20, have welcomed the African Union (AU) as a permanent member, recognising Africa’s more than 50 countries as important players on the global stage. US President Joe Biden and Indian Prime Minister Narendra Modi both expressed support for the AU’s permanent membership.

The AU has advocated for full membership for seven years and, until now, South Africa was the only African country in the G20. The AU represents a continent with a young population of 1.3 billion, which is set to double by 2050 and make up a quarter of the world’s population.

Africa’s 55 member states have long pushed for meaningful roles in global bodies, including the United Nations Security Council, and want reforms to the global financial system. The continent is increasingly attracting investment and political interest from global powers like China, Russia, Gulf nations, Turkey, Israel, and Iran. African leaders are challenging the framing of the continent as passive victim and want to be brokers instead.

They seek fairer treatment by financial institutions, delivery of rich countries’ long-promised $100 billion a year in climate financing for developing nations, and a global tax on fossil fuels. The AU’s full G20 membership will enable it to represent a continent that’s home to the world’s largest free trade area and abundant resources needed to combat climate change. The African continent has 60% of the world’s renewable energy assets and over 30% of the minerals key to renewable and low-carbon technologies.

African leaders want more industrial development closer to home to benefit their economies. Finding a common position among the AU’s member states, from economic powers to some of the world’s poorest nations, can be challenging, but Africa will need to speak with one voice to influence G20 decision-making. African leaders have shown their willingness to take collective action, as seen during the COVID-19 pandemic. As a high-profile G20 member, Africa’s demands will be harder to ignore.

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Forging Strong Bonds: Iran and Zimbabwe Deepen Economic Ties in Raisi’s Africa Tour



Zimbabwe and Iran

On Thursday, Zimbabwe and Iran signed 12 memorandums of understanding to strengthen their bilateral ties during Iranian President Ebrahim Raisi’s visit to Africa. Raisi had previously visited Kenya and Uganda before meeting with Zimbabwean President Emmerson Mnangagwa in Harare. Among the 12 MOUs is a plan to establish a tractor manufacturing plant in Zimbabwe with the help of an Iranian company and a local partner. The two countries also signed agreements for cooperation in energy, agriculture, pharmaceuticals, and telecommunications, as well as research, science, and technology projects.

Mnangagwa expressed his appreciation for investments in several sectors of Zimbabwe’s economy to reporters after the signing ceremony. However, he did not disclose the amount of investment Zimbabwe is expecting from Iran. Raisi mentioned the economic challenges facing Iran and Zimbabwe due to U.S. sanctions but emphasised his country’s efforts to build closer economic ties.

According to Iran’s foreign ministry, trade with Africa is expected to exceed $2 billion this year, but there was no comparison to the previous year’s figures. This African visit is the first by an Iranian leader since 2013, following a visit to three Latin American countries in June, all of which are also affected by U.S. sanctions.

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Breaking News: E-Creator Fraud Ring Leader Apprehended by Police



Zhao Jiaotong

The Zimbabwe Republic Police is requesting that individuals who have been deceived by E-Creator, Zhao Jiaotong come forward and report to the nearest police station.

According to police spokesperson Assistant Commissioner Paul Nyathi, the kingpin of the E-Creator Ponzi scheme has been arrested on charges of fraud. The suspect is identified as Chinese national Zhao Jiaotong, who is said to be the founder of the notorious platform that has scammed people out of thousands of dollars.

Nyathi stated, “The Zimbabwe Republic Police confirms the arrest of Zhao Jiaotong, 39, in connection with a case of fraud in which unsuspecting members of the public were duped through the E-Creator Ponzi scheme.”

The police are urging anyone who may have fallen victim to E-Creator to report to their nearest police station. Additionally, the public is encouraged to exercise caution and perform thorough research before investing in any Ponzi or pyramid schemes that promise quick returns.

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