News

THE Zimbabwe Electricity Transmission and Distribution Company (ZETDC) says the current increased load shedding is due to depressed generation capacity at its power stations. According to generation statistics as of Wednesday, the Zimbabwe Power Company was producing 934 megawatts of electricity from its five power stations. Kariba had the highest output at 751 Megawatts, followed […]

Lafarge has completed the construction of a new mill that will double its cement manufacturing capacity – but it cannot use the new plant because it owes the supplier US$5.2 million. The new Vertical Cement Mill is part of a US$25 million investment in expansion by Lafarge, and will increase capacity from 450 000 tonnes […]

PPC Africa got a US$4.4 million dividend from its Zimbabwe operations in June, and says cement demand in the country remains solid despite three price increases this year. The country’s biggest cement company says 70% of its sales are now in US dollars. PPC raised its prices in US dollars by 5% in March, 2% […]

ZIMBABWE’S mining industry remains resilient in the short to medium term, despite the negative impact of Covid-19-induced setbacks on existing and planned investments. The country is targeting to grow export revenue from minerals to US$12 billion by 2023 as it seeks to transform the country into an upper-middle-income economy by 2030. Mines and Mining Development […]

China’s Zhejiang Huayou Cobalt’s Arcadia lithium mine will start delivering lithium-containing minerals spodumene and petalite next year, according to the local manager of the company. Huayou, one of the world’s major producers of cobalt, last year completed a 422-million-U.S.-dollar purchase of the hard-rock lithium mine from Australia-listed Prospect Resources. The Arcadia project, which is near […]

Sinosteel’s Zimbabwe mining unit, Zimasco, has drastically curbed its smelting capacity, due to a slump in ferrochrome and chrome ore prices amid a global economic slowdown. Factors including Russia’s war in Ukraine and sluggish growth in China have led to an “untenable situation” for ferrochrome production, according to Clara Sadomba, a spokesperson for Zimasco. “The […]

SHANGHAI Stock Exchange-listed battery maker, Huayou Cobalt says it will extract its first ounce of lithium at the US$300 million Arcadia Mine project during the first quarter of 2023. On Wednesday, an official said the operation could be Africa’s largest lithium mine. Arcadia mine manager George Togara told reporters during a tour of the project […]

AN African Export–Import Bank (Afreximbank) delegation will attend the African Energy Week (AEW) 2022 to sign deals and forge partnerships, it has been revealed. The AEW is an annual interactive exhibition and networking event that seeks to unite African energy stakeholders, drive industry growth and development. It is hosted by the South African organisation, the […]