News

EXALO #202, the oil and gas drilling rig that is on its way to kick off crucial test well drilling at Invictus Energy’s Muzarabani oilfields, has been stuck in Tanzania due to delays in releasing requisite papers. The driller, which is operated by Romania-headquartered Exalo Drilling SA, recently clinched the deal but was said to […]

A section of Community-Based Organisations (CBOs) in the diamond-rich Chiadzwa area claim that it was barred from making presentations to the Kimberley Process (KP) team which was in the country on a review exercise last week. This comes amid growing concern from civic society over the perceived lack of transparency shrouding Zimbabwe’s diamond mining operations […]

CHINESE companies are defying a ban introduced last year to cease mining activities in the Mavuradonha Wilderness in Muzarabani region. There are indications that despite a government order to cease all mining activities in the area pending consultations, Chinese miners have continued with operations at the expense of the sanctuary and livelihoods of the local […]

The African Energy Chamber (AEC) spoke with Scott Macmillan, Managing Director of Invictus Energy, ahead of the continent’s premier energy event, African Energy Week (AEW) 2022, about the company’s operations on the continent, the challenges independent explorers are facing and the opportunities AEW 2022 provides for explorers such as Invictus. AEC: What are Invictus Energy’s […]

BLACKLISTED diamond dealer, Jamal Ahmed reportedly dribbled past authorities by participating in the Minerals and Marketing Corporation of Zimbabwe (MMCZ) diamond auction using a company reportedly fronted by his son. This was despite his ban from participating in the auction by the government this year following a litany of allegations against him. Ahmed is the […]

AN unnamed Israeli investment outfit is on the cusp of setting up a multi-million dollar diamond cutting and polishing plant in the capital nearly two decades after the southern African country discovered a lucrative treasure of gems. At the height of Zimbabwe’s economic malaise in 2008, vast diamond reserves were unearthed in Chiadzwa, Manicaland which […]

ZIMBABWE’S biggest cable maker says it has been dealt a blow by delays to secure authorities’ nod to extend a contentious barter deal that potentially saves millions in United States dollars annually. The Zimbabwe Stock Exchange (ZSE)-listed Cafca, said in regulatory filings Friday that it was further affected by a halt in exports to Malawi […]

Sinomine, the Chinese lithium company that is buying Bikita Minerals, says it plans to invest an initial US$200 million to build a new plant and expand existing operations. Bikita is Zimbabwe’s oldest miner of lithium-bearing minerals, but has only so far produced petalite, which is used mainly in the glass and ceramics industry. Sinomine now […]

Hwange Colliery says coal production rose 49.5% last year, and the company has laid out a plan to mine more coal this year. The plan includes a US$15 million deal with an equipment supplier, and opening new mining areas to increase coal production. Despite a global campaign against coal, Zimbabwe is ramping up output to […]

The Zimbabwe Diamond, Allied and Mineral Workers Union Zdamwu) has described as peanuts the 108% salary increase approved by the National Employment Council, Associated Mine Workers Union of Zimbabwe (Amwuz) and the Chamber of Mines of Zimbabwe (CMZ) on May 19. Zdamwu secretary-general, Justice Chinhema yesterday described the salary increment as another slap in the […]