News

Listed diversified group, Padenga Holdings Limited’s revenue grew 10% to US$78.5m in the reviewed period from US$71.6m achieved in the previous year on the positive performance in the gold mining division. The uptick in revenue comes when the crocodile and the alligator businesses faced reduced demand and changing market dynamics. Padenga recently acquired a controlling […]

Trafigura Group and Zimbabwe’s government have discussed a deal that would give the commodities trader control over output from some of the nation’s biggest mines as repayment for debts. Under the agreement, Trafigura will be paid US$225.6 million by nickel- and gold-mining subsidiaries of state-run Kuvimba Mining House for fuel bills Zimbabwe owes Trafigura on […]

Invictus Energy Limited (ASX:IVZ) unveiled its financial and operational performance report for the quarter ended 31 March 2022. The Company is opening one of the last untested large frontier rift basins in onshore Africa, the Cabora Bassa Basin. Mukuyu Prospect drilling is anticipated to commence in July 2022. Shares of Invictus Energy Limited (ASX:IVZ) traded […]

ZIMBABWE’s fuel could have been much more expensive had it not been for the reintroduction of blending, Zimbabwe Energy Regulatory Authority (ZERA) has said, notwithstanding that its price is now the highest in Africa. Authorities last week hiked fuel prices to US$1,71 for diesel and US$1,63 for petrol with the increase prompted by the Russia-Ukraine […]

LAWYERS representing scores of workers and their families who were recently evicted from Bindura-based Ran Mine were last week making frantic efforts to secure their return. Ran Mine Private Limited, a gold asset that has been at the centre of a protracted dispute between Zimbabwean investors, lurched into fresh controversy after evicting the former workers […]

A GROUP of people, who recently invaded Dandee 5 mine in Kezi, Matabeleland South, are reportedly threatening Kezi prosecutor Mufaro Ndirayire, who is handling the case. The invaders, believed to be from Harare, overran the mine last month and the mine owner Ndodana Moyo has alleged that the invaders were being backed by a senior […]