News

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 […]

Zimbabwe has been a complicated place to do business over the past few decades. No doubt about that. But if there’s one company that’s worked out how to make a success of it, and consistently so, it’s Caledonia Mining. Caledonia has been producing gold in considerable quantities from its Blanket mine near Bulawayo consistently for […]

Platinum remains significantly undervalued. That is the key takeaway from the 30-page Platinum Quarterly published by the World Platinum Investment Council (WPIC). “Why I say that platinum remains undervalued is that we’ve got a situation where the opportunities for platinum look good. “Supply is expected to be down by 8% this year. We’ve had jewellery […]

Zimplats spent US$270 million on capital projects in the year to June, up from US$159 million in the previous year, as the company expanded operations and replaced depleted mines. Last year, Zimplats announced US$1.8 billion in new investment in Zimbabwe. This includes funding for developing a new mine, Mupani, to replace the depleted Rukodzi mine […]