News

China’s Sinomine Resource Group on Friday launched a $200 million project to build a plant and expand existing mining operations at its recently acquired Bikita lithium mine in Zimbabwe. The southern African country holds some of the world’s largest deposits of lithium, a key battery mineral, and hopes for an economic boost from a global […]

Premier African Minerals says it may move its Zimbabwe lithium assets into early production to take advantage of rising demand for the metal. The London-listed company holds the Zulu lithium claims at Fort Rixon, near Bulawayo, where it has so far done 18,000 metres of exploration drilling to confirm a resource many in the industry […]

THE Zimbabwe Diamond Mineral and Allied Workers Union (Zidamwu) has petitioned RioZim Limited group of companies over last year’s unpaid bonuses. Workers also accused RioZim of delaying payment of salaries, and threats to the workforce, among a cocktail of other allegations. In a letter, Zidamwu secretary-general Justice Chinhema wrote: “We write on behalf of our […]

CHINESE mining firm Anjin Investments suffered a massive slump in diamond production in 2021 recording 70 000 carats from 790 000 carats produced the previous year due to the relocation of its processing plants. The diamond company is, however, projecting a production ramp up this year. Anjin is a 50-50 partnership between Chinese investor Anhui […]

Fossil Mining, which has won the bid to buy Lafarge Zimbabwe, says it plans to keep the company on the stock exchange and recapitalise it when it completes the takeover of the country’s number two cement maker. Holcim, Lafarge’s holding company, picked Fossil as its preferred bidder for Lafarge. Holcim announced its exit from Zimbabwe […]

Russia’s JSC Afromet has exited a platinum mining joint venture once touted to become the biggest mining venture in Zimbabwe, its Zimbabwean state-owned partner said on Thursday, announcing it had taken full control of the project. JSC Afromet, a unit of Russian businessman Vitaly Machitski’s Vi Holdings, and Zimbabwe’s Kuvimba Mining House each held 50% […]

DIVERSIFIED mining group Kuvimba Mining House (KMH) has purchased 50% of Great Dyke Investments (GDI) shares from Afromet Joint Stock Company, making it the largest shareholder in the platinum operation. This week, Russia’s Vi Holdings said it had exited GDI, triggering fears that the big investment might flop. In a statement, GDI said its decision […]

Zimbabwe’s plan to refurbish two idled coal-fired power stations has been thrown into disarray by China’s decision to ban investment in plants burning the dirtiest fossil fuel outside its borders. Zimbabwe was depending on China to help get the Bulawayo Power Station, which has a design capacity of 90 megawatts, and Munyati Power Station, meant […]

INVICTUS Energy, the southern Africa-focused resources firm, says a rig that is set to drill test wells at the Cabora Bassa project in Zimbabwe has begun the crucial journey from Tanzania. #Exalo Rig 202 had been held by customs authorities in Tanzania after completing a similar operation at Songo Songo Island. But in a statement […]

AS the nation on Monday commemorated the Kamandama Mine disaster, Hwange residents have expressed concern over another looming disaster of underground coal seam fires in the area. In the mine disaster which occurred on June 6 1972, a total of 427 miners perished following an underground methane dust explosion. The accident, one of the worst […]