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Mining Index Zimbabwe
- April 5, 2022
263 views 6 mins

Canada to invest C$2bn on mineral strategy for EV battery supply chain

Canada’s federal budget will include an investment of at least C$2-billion ($1.6-billion) for a strategy to accelerate the production and processing of critical minerals needed for the electric vehicle (EV) battery supply chain, two senior government sources said. Prime Minister Justin Trudeau’s government, which is due to release its budget on Thursday, will make the […]

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Mining Index Zimbabwe
- April 5, 2022
260 views 2 mins

Tharisa appoints new Zim platinum project head; production to start in two years

INTEGRATED resources group Tharisa PLC has appointed a managing director for its recently acquired Zimbabwe platinum project Karo Mining Holdings Limited. Tharisa exercised an option to increase its stake in Karo Mining Holdings Limited from 26.8% to 66.3% in an all-share deal valued at $27 million. Karo Holdings has an indirect 85% interest in the […]

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FEATURED
Mining Index Zimbabwe
- April 5, 2022
414 views 38 secs

Canadian owner of Zim Gold Mine hikes dividend; outlines growth plans

The owner of Zimbabwe’s Blanket mine which is located in Gwanda is making a pay-out of 14 US cents a share for the first three months of the year Gold producer Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL) increased its quarterly dividend payment by 17% as it outlined plans to increase production alongside its footprint in […]

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FEATURED
Mining Index Zimbabwe
- April 5, 2022
101 views 2 mins

No joy for ex-Ziscosteel employees as Kuvimba takes over

FORMER Ziscosteel employees are still hopeful of getting their gratuities from government following their mass retrenchment in 2016. The news of Kuvimba Mining House acquiring Ziscosteel has not brought much joy as most of these pensioners cannot be absorbed into the new company due to old age. However, Redcliff legislator, Lloyd Mukapiko, said workers are […]

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256 views
FEATURED
Mining Index Zimbabwe
- April 5, 2022
256 views 3 mins

UK’s Red Rock Resources is the latest to seek a slice of Zimbabwe’s lithium assets

Red Rock Resources plc, a UK-listed exploration company, has acquired lithium claims in Zimbabwe and is setting up a lithium exploration unit in the country to hunt for more. The company, quoted on London’s AIM market for smaller companies, has bought land in Bikita, near where Bikita Minerals has already been mining petalite. Red Rock […]

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239 views
FEATURED
Mining Index Zimbabwe
- March 30, 2022
239 views 3 mins

Congo halts court case against China Moly’s Tenke mine

Congo’s state miner Gecamines has halted its court case against China Molybdenum, which last month was stripped of control of its giant copper and cobalt Tenke Fungurume mine in the country, as officials seeks a solution to a dispute between the companies. The Congolese government announced in August it had formed a commission to reassess […]

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256 views
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Mining Index Zimbabwe
- March 30, 2022
256 views 2 mins

Rio Tinto secures lithium project in Argentina

Rio Tinto (ASX, LON, NYSE: RIO) has completed the acquisition of the Rincon lithium project in Argentina for $825 million, following Australia’s Foreign Investment Review Board (FIRB) approval of the transaction. The world’s second-largest miner saw its lithium ambitions partially crushed in January after Serbia revoked Rio Tinto’s licence for the $2.4 billion Jadar project […]

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185 views
FEATURED
Mining Index Zimbabwe
- March 30, 2022
185 views 15 secs

South African jeweler tries Its hand at mining

South African luxury jeweler Shimansky is currently exploring the country in the hopes of launching its own diamond mine. The company, which has locations in Cape Town and New York City, is hoping to strengthen the traceability of the diamonds used in its jewelry amid increasing consumer concern about responsible sourcing, CEO Yair Shimansky told […]

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254 views
FEATURED
Mining Index Zimbabwe
- March 30, 2022
254 views 2 mins

Premier completes subscription agreement to raise £12m for Zulu DFS

Aim-listed Premier African Minerals has confirmed the completion of the subscription agreement by Suzhou TA&A Ultra Clean Technology to raise £12-million at an issue price of 0.4p per new ordinary share for the ongoing definitive feasibility study (DFS) at Premier’s Zulu lithium and tantalum project, in Zimbabwe. The Zulu project is a large undeveloped lithium-bearing […]

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321 views
FEATURED
Mining Index Zimbabwe
- March 30, 2022
321 views 3 mins

Contango’s Zimbabwe coal project starts production

Production has started at London-listed natural resource development company Contango Holdings’ Lubu coking coal project, in Zimbabwe. Production is under way on Block 2, which was selected given the high-quality coking coal found at that location and its proximity to surface. The company expects to achieve an initial stabilised mining rate of 5 000 t […]

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