News

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 […]

SOLGAS Energy, the firm that commissioned a five-megawatt (MW) solar power plant in Hwange last week, said it was targeting to produce 30MW in the next two years. In a statement, the firm said it intended to add another 25MW by 2024, capitalising on power shortages confronting the country. Zimbabwe is in the grip of […]

CALEDONIA Mining Corporation says it plans to channel proceeds from its Victoria Falls Stock Exchange (VFEX) listing towards the purchase of Maligreen, a gold asset located in the Midlands province. The Maligreen, which was announced in September 2021, was an important step in the Jersey-headquartered giant’s ambition to transform into a multi-asset operation in Zimbabwe, […]

Zimbabwe’s biggest diamond miner says it will resume its monthly auction April, ending an eight-month hiatus caused by COVID-19, after a record year of production in 2021. The Zimbabwe Consolidated Diamond Company (ZCDC) beat its production targets for 2021, hitting fresh records and recording its first ever profit. “We have sizeable parcels for sale and […]