News

NTOLA villagers in Umzingwane, Matabeleland South are furious after gold mining company, Heywood Mining pegged claims in graveyards, at a school and their farming land. Villagers are accusing traditional leaders of being complicit in the parcelling out of mining claims on their land to the miner. One village who requested anonymity said: “We are saddened […]

THE Zimbabwe Stock Exchange (ZSE) yesterday projected a fine run for its Victoria Falls Stock Exchange (VFEX) this year, with three companies ready to list on the bourse. VFEX, which exclusively trades in United States dollars, is a subsidiary of the ZSE. It kicked off trading in October 2020 under a cloud of uncertainty brought […]

SHENZHEN Stock Exchange-listed Suzhou TA&A Ultra Clean Technology company, which bought shares worth about US$15,7 million from Premier African Minerals, has agreed to provide a pre-funding amount of US$34,6 million for the construction of a large-scale pilot plant at the Zulu project. In a note to shareholders on Saturday, Premier, which is developing one of […]

A LITTLE-KNOWN but significantly influential domestic firm that shook the status quos to clinch a deal, giving it majority control of Lafarge Cement Zimbabwe, has escalated its excursion after reducing the transaction to a legal pact. In a market update Tuesday, the Zimbabwe Stock Exchange (ZSE)-listed cement maker said Fossil Mines Private Limited, which trumped […]

JOHANNESBURG Stock Exchange (JSE)-listed Pan African cement maker, PPC has said its earnings per share (EPS) from the Zimbabwean operations would be undermined by rocketing inflation. Ahead of releasing financial statements for the year ended March 31, 2022 next week, the South African-headquartered PPC issued a trading update yesterday, detailing how recent developments in Zimbabwe […]

VICTORIA Falls Stock Exchange-listed resources outfit, Bindura Nickel Corporation (BNC) became the latest in a string of big mining houses mourning mining guru, David Brown, who died in South Africa last week aged 59. In a statement released at the weekend, BNC chairman Muchadeyi Masunda chronicled the accomplishment of a man whose work changed the […]

Huayou Cobalt, which has recently invested in Zimbabwe’s Arcadia lithium mine, must produce battery-grade lithium within five years, the country’s competition regulator says. Huayou, one of the world’s biggest producers of battery minerals, is investing US$300 million to build a new processing plant at Arcadia, after buying the operation for US$422 million from Prospect Resources […]

Ireland-based exploration company Arkle Resources is making an entry into Zimbabwe, with its focus on three licences where it will prospect for lithium. The company, which is listed on London’s Aim market, believes the licences, covering 163 ha, represent a low-cost entry into one of the biggest lithium-producing countries. “This is a toe in the […]

FOSSIL Mines (Private) Limited will move to take charge at Lafarge Cement Zimbabwe during the fourth quarter (Q4) after finalising a takeover deal announced early this month, the cement maker said on Wednesday. Fossil, a relatively unknown outfit with interests spanning from construction to mining, clinched a deal to buy Associated International Cement Limited (AICL)’s […]

TWO top police officers have been implicated in a US$500 000 gold ore loot at a mine in Chiweshe, Mashonaland Central province. This allegations are contained in a letter of complaint dated June 22 addressed to Police Commissioner-General Godfrey Matanga and copied to the Zimbabwe Anti-Corruption Commission and the Judicial Service Commission. In the letter, […]