News

The train arriving at the Maputo port, hauling 40 wagons each carrying 2000 tonnes of coal from Botswana, shows how coal producers are riding the growing global demand for coal. The train into Grindrod‘s Maputo dry bulk terminal in April was the first of its kind from Botswana, as the country steps up coal exports. […]

OFFICIALS at the Robert Mugabe International Airport have revealed that there is no diamond detecting machine to curb leakages of the mineral. During a briefing to the Defence, Home Affairs and Security Parliamentary Portfolio Committee on Monday, Chief Aviation Security Officer, Gilbert Chimoto, told the committee that the airport’s human resource was the biggest challenge […]

DEPUTY President of the Senate Mike Nyambuya has summoned Finance minister Mthuli Ncube to Parliament to present a ministerial statement explaining how gold coins will stop the country’s economic haemorrhage. This is after leader of government business in the Senate Monica Mutsvangwa failed to “satisfactorily” respond to questions on the purpose of the gold coins. […]

A SENATOR and economic analysts have dismissed government’s new gold coins as elitist and told Finance minister Mthuli Ncube to sort out the country’s financial mess. This is after Reserve Bank of Zimbabwe governor John Mangudya on Monday announced that the newly introduced gold coins would solve the country’s runway inflation and act as a […]

VICTORIA Falls Stock Exchange (VFEX)-listed Caledonia Mining Corporation says gold production at Zimbabwe based Blanket Mine has been strong, and is on track to hit the top end of its guidance range of 73 000 to 80 000 ounces. In a shareholder update, Caledonia, which is also listed on the New York Stock Exchange and […]

BULLS will aggressively charge into Zimbabwe’s gold stocks this year, as investors pile up trades, attracted by strong international commodity prices, according to new projections by Inter Horizon Securities (IH). It said the charge would be relentless and bulls would be unblinking, but warned investors to guard against over excitement. The country’s two bourses, Victoria […]

The Zimbabwe Energy Regulatory Authority (ZERA) has reviewed the prices of diesel and blend for the month of July 2022. In a notice seen by Pindula News, ZERA said it had increased diesel and blend prices in Zimbabwe dollars. ZERA said diesel now costs ZWL$699.62 up from 661.73per litre. Petrol (Blend – E15) now costs […]

Prospective drilling for oil and gas in Muzarabani, Mashonaland Central Province, is expected in August after customs clearance delays for the drilling rig in both Tanzania and Mozambique. The task was initially set for June after the Exalo Rig 202 was mobilised from Songo Songo Island in Tanzania to Cabora Bassa. It is now expected […]

The Hwange Thermal Power Station Unit 7 and 8 expansion programme is now at 88 per cent, the Zimbabwe Power Company (ZPC) has said. The two units are expected to fully come online by March 2023 and will add around 600MW of power to the national grid when fully operational. In a statement, ZESA Holdings’ […]

A GROUP of 18 farmers in Concession, Mashonaland Central Province, have clashed with a gold mining firm only known as Zawadi who allegedly pegged part of their land for mining purposes. The farmers, who are all holders of offer letters from the Lands ministry, were allocated the plots in 2001 at the peak of the […]