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STRUGGLING national power utility Zesa Holdings has extended a plea for help to big miners by constituting a group called the Energy Intensive Users Group (EIUG) to provide off-take guarantees in hard currency for joint access to power as electricity shortages wreak havoc in the country, the Zimbabwe Independent has established. The country is currently […]

THROUGH Tsingshan Investments Zimbabwe, Tsingshan Holding Group, the world’s largest stainless steel and nickel producer has kick-started the development of the country’s new integrated steel operation following the collapse of ZiscoSteel. In this interview, Benson Xu (BX), chief executive officer of the local operation, reveals plan for Zimbabwe. Below are excerpts of their discussion… Can […]

TOP gold miner, RioZim, has seen gold production for 2021 declining by 7% due to delays in completion of a key project strategic to the miner’s productivity. Presenting the group’s performance for the year ended December 31 2021, RioZim chairman Rashid Beebeejaun, said apart from the outstanding project, other issues also impacted output. “Gold production […]

he London Bullion Market Association (LBMA) has reinstated accreditation of a precious metals refinery in Kyrgyzstan, it said on Wednesday, allowing it to sell metal in the London market. The LBMA had suspended accreditation of Kyrgyzaltyn JSC in September, citing the refinery’s failure to meet required standards on responsible sourcing. Read full story The association […]

Gold miner, Caledonia Mining Corporation, which operates the Blanket mine, in Zimbabwe, has appointed Gordon Wylie independent nonexecutive director, with immediate effect. He holds a bachelor’s degree with honours in geology from the University of Glasgow, a management diploma from the University of South Africa and a Postgraduate Diploma in Mining Engineering and Mineral Economics […]

THE chief executive officer (CEO) of Tsingshan Investments Zimbabwe revealed this week how his firm has located immense opportunities in Zimbabwe, where it plans to weave around a string of corporate steel graveyards to generate billions of United States dollars. Tsingshan is executing its Zimbabwean ambition through Dinson Iron and Steel Company (Disco), which has […]

PROSPECT resources Limited has received US$342,9 million payment for its Harare-based Arcadia project amid plans to shift focus to the exploration of near-by Step Aside project. In a recent update, the miner said conditions precedent relating to the transaction were progressed and subsequent to the quarter ending April 2022, Prospect completed the sale of its […]

PRODUCTION at listed multi-asset mining concern, RioZim, was affected by exchange rate distortions during the year ended December 31, 2021. The firm said operations were affected by power outages across its mines, along with policy inconsistencies. The firm reported a 7% decline in gold output, but revenue increased by 84% to $5,8 billion, chairperson Saleem […]

Premier African Minerals chairperson Neil Herbert has resigned from the board with immediate effect. Herbert, who joined the company as non-executive chairperson in 2020, has left the board to pursue other business interests including his recent appointment as executive chairperson of Atlantic. “Herbert rejoined the Premier board at a critical time in the rejuvenation of […]