Categories: Stories

Canadian mining firm behind exploration at Oppenheimer’s Zimbabwe farm

Duration Gold, the mining company at the centre of exploration at the billionaire Oppenheimer family’s 65 000-hectare ranch in Zimbabwe, says it’s carrying out “game-changing” work in line with President Emmerson Mnangagwa’s aim to build a R192-billion mining industry by 2030.

The Oppenheimers got wind of the operation after workers at Shangani Ranch – which has 8 000 cattle, an unknown number of elephants and wildlife – spotted a plane flying over the ranch on 2 June and recorded the tail registration of the aircraft.

The plane was tracked to South African company Pearline Mineral Exploration, which then revealed that it had been hired by Duration Gold for mineral exploration.

On 6 June, Max Makuvise from Shangani Ranch met with Duration Gold officials, who told him what they were up to.

In an email communication, Duration Gold demanded a map of the property to make their exploration work easier.

“Would you kindly furnish us with a map showing the limits of Shangani Ranch and, if possible, the other neighbouring conservancies. It will help us to be able to plot the conservancies to guide us when we do ground exploration,” read the email.

Shangani Ranch then sought a court order to block exploration, which was granted while Pearline Mineral Exploration, at the behest of Duration Gold, sought paper work, such as the environmental impact assessment report.

In a statement, Duration Gold said it “launched an exciting, large-scale, exploration programme. Roping in world leader Xcalibur Airborne Geophysical Surveys from South Africa, the programme will culminate in the nation having a better appreciation of its mineral potential”.

Continued next page

(225 VIEWS)

Page: 1 2

Charles Rukuni

The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.

Recent Posts

Britain says amendment of the Zimbabwean Constitution is a sovereign, legislative matter for Zimbabwe to decide

Britain says amendment of the Zimbabwe constitution is a sovereign, legislative matter for Zimbabwe to…

March 24, 2026

Who started the war?

It is now 47 years since I wrote the short story below for a South…

March 4, 2026

Zimbabwe 2026 monetary policy statement at a glance

Zimbabwe has released its 2026 monetary policy statement in which it seeks to stabilise its…

March 1, 2026

Was Chombo Mugabe’s number two?

Far from it, on paper that is. Ignatius Chombo was one of the longest serving…

February 6, 2026

Zimbabwe’s 2026 citizen’s budget

Zimbabwe on Thursday announced a ZiG290.9 billion budget with revenue expected to be ZiG287.6 billion,…

November 30, 2025

IMF says Zimbabwe’s economic recovery in 2025 is stronger than previously anticipated

The International Monetary Fund says Zimbabwe’s economic recovery in 2025 is stronger than previously anticipated…

November 8, 2025