Daniel Shumba shreds The Construction Act

Leader of the United Democratic Alliance Dr. Daniel Shumba has teared the The Reconstruction of State Indebted and Insolvent Companies Act calling it a repressive Act that needs to be repealed. In an interview obtained by The 1873 TV Dr. Shumba says, “Some laws must be totally repealed. You are aware that Mutumwa Mawere was robbed of Shabanie Mashaba Mines by people who simply put the reconstruction act just dreaming that let’s target this company and expropriate it. So such laws have to be repealed and thrown into the dustbin and restore value to Mutumwa…

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Parly on SMM fact-finding mission

SMM

HARARE – The parliamentary portfolio committee on Mines and Energy, will today tour Murowa Diamond and Shabanie Mashava Mine (SMM) on a fact-finding mission. Speaking to the Daily News yesterday, committee chairperson Temba Mliswa said the reasons for the visit is to compare the operations of Murowa and Zimbabwe Consolidated Diamond Company (ZCDC). “We received oral evidence from Murowa, as you know that Murowa is privately-owned we are going to compare their operation with that of ZCDC in terms of accountability and social responsibility.” Mliswa said. At least $125 million…

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Shabanie Mashava Mine (SMM) reopening is a joke: Workers

Workers of Shabanie Mashava Mines SMM say the proposed reopening of the mine is a joke adding that they are tired of hearing the same story over and over again. This came out at a Mines and Energy Parliamentary Portfolio Committee hearing held in the mining town at Nyaradzai Hall. A representative of the workers said a committee led by the Chindori Chininga came and promised that the mine will be resuscitated but the later has since passed away and there is still no sign of the mine reopening.The mine’s…

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Flashback: Shabanie Mashaba Mine; a case of bad politics and greed

JOHANNESBURG – What started out as a legal fight for the return of businesses confiscated by the state has become an intriguing expos of how  Former President Robert Mugabe runs the nation. Court papers in the dispute between Shabanie Mashaba Mine (SMM Holdings) and Minister Patrick Chinamasa revealed Mugabe’s hidden hand meddling in judicial matters. SMM was taken over by the government  ostensibly for owing huge amounts to the Reserve Bank of Zimbabwe and other lenders, and on suspicion that it spirited foreign currency earnings abroad. Both allegations have yet…

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The reopening of Shabani Mashaba Mines – Share your Views

PLANS to re-open the Shabani Mashaba Mines (SMM), which were shut down in 2004, were at an advanced stage after the government engaged an Indian company that is ready to buy 50 000 tonnes of the mine’s produce per year, a government official has revealed. Mines deputy minister Fred Moyo recently confirmed the development, saying a technical report that is being put together by management details financial and technical requirements for SMM’s revival. He said SMM has completed a report for Mashava’s Gaths Mine, while Shabani’s report is almost complete.…

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