News

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 […]

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 […]

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 […]

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 […]

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 […]

Impala Platinum Group company Zimplats has posted a 32% year-on-year decrease in net profit to $170.68-million for the six months ended December 31, 2021, compared with a net profit of $250.61-million for the six months ended December 31, 2020. The results were impacted by net foreign currency exchange losses of $21.8-million arising mainly on Zimbabwean […]

TREVOR Kusena (19) struggles to walk from his cottage to the veranda at his family home in Betera, a village in Marange in Manicaland province. As soon as he sits down, a dog from the neighbouring house starts barking. Kusena recoils as the sound immediately brings back traumatic memories of his ordeal this January when […]