News

A BULAWAYO-BASED Chinese quarry mine, which has for some time been at loggerheads with locals and other stakeholders over its mining activities, says it has made concerted efforts to address a plethora of concerns. Hualin Investments was given the nod to set up the quarry mine in Pumula North, Bulawayo, in 2021 by the city […]

Australian-listed miner, MetalsGrove Mining Limited (MetalsGrove), says it is relinquishing its lithium projects in Zimbabwe following disappointing exploration results in its claims at Arcturus and Beatrice, both located in Mashonaland East Province. The company, which saw its market capitalisation rise to a peak of US$5,61 million in May after announcing the acquisition of these lithium […]

CALEDONIA Mining Corporation PLC (Caledonia) has revealed that the recent increase in share purchases by American asset management giant, BlackRock Inc. (BlackRock), is primarily due to its inclusion in the Russell 3000 Index, rather than being driven by the company’s individual performance. BlackRock, the world’s largest asset manager with total assets under management of US$10,64 […]

STEEL producer Dinson Iron and Steel Company (Disco) plans to begin commercial steel production later this year or early 2025, with an ambitious target of 600 000 tonnes annually and projected revenue of US$1 billion. Disco is one of four subsidiaries under Zhejiang Dinson Holding Co. Ltd (Dinson), whose parent company is the China-based steel […]

ZIMPLATS Holdings has recorded a 4% decrease in total operating cash costs in the quarter ended June 30, thanks to cost-containment measures, the company has said. In March, the platinum group metals (PGM) miner announced a voluntary layoff exercise for all employees to keep the company afloat following a dip in prices on the metals […]

Caledonia Mining Corporation, is set to produce between 74 000 to 78 000 ounces of gold by year-end at its Blanket Mine, owing to increased production of the yellow metal. Caledonia is a Zimbabwe-focused exploration, development and mining corporation which owns the gold-producing Blanket Mine, Bilboes Mine and the Motapa and Maligreen gold mining claims, […]