189 views
FEATURED
Mining Index Zimbabwe
- March 24, 2022
189 views 3 mins

Solar power plant targets 30MW by 2024

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 […]

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704 views
FEATURED
Mining Index Zimbabwe
- March 24, 2022
704 views 3 mins

Caledonia earmarks VFEX windfall for new gold mine

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, […]

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112 views
FEATURED
Mining Index Zimbabwe
- March 23, 2022
112 views 3 mins

Zimbabwe’s diamond miner ZCDC resumes sales, reports record 2021 output

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 […]

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166 views
FEATURED
Mining Index Zimbabwe
- March 23, 2022
166 views 3 mins

UK energy firm acquires 100MW Vic Falls solar project, expects the first 5MW by April

Kibo Energy plc, a UK renewable energy company listed in London and Johannesburg, has acquired the 100MW Victoria Falls Solar Park project for US$13 million. The first 25MW of the project is fully funded and under construction, with the first 5MW expected to be in production by end of April 2022. The 25MW is to […]

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147 views
FEATURED
Mining Index Zimbabwe
- March 23, 2022
147 views 3 mins

Global lithium-ion battery capacity to rise five-fold by 2030

Global cumulative lithium-ion battery capacity could rise over five-fold to 5,500 gigawatt-hour (GWh) between 2021 and 2030, says Wood Mackenzie, a Verisk business (Nasdaq:VRSK). The Asia Pacific region, led by China, accounted for 90% of the world’s battery manufacturing in 2021. By the end of decade, the region is expected to reduce its share to 69%. While North America’s […]

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351 views
FEATURED
Mining Index Zimbabwe
- March 23, 2022
351 views 4 mins

Volkswagen unveils Asian ventures to secure nickel, cobalt

Volkswagen will form joint ventures with Huayou Cobalt and Tsingshan Group to secure nickel and cobalt supplies for electric vehicles in China, the world’s No. 1 car market, and to slash costs at a time of surging raw material prices. The move is part of a 30 billion euro ($33 billion) push by the world’s […]

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178 views
FEATURED
Mining Index Zimbabwe
- March 23, 2022
178 views 4 secs

Zambia’s 2021 copper production falls by 4.5% – statistics agency

Copper production in Zambia dropped to 800 696 t last year from 837 996 t the year before, data obtained from the nation’s statistics agency showed on Tuesday. Zambia’s cobalt production also dropped to 247 t last year from 316 t a year earlier, according to the Zambia Statistics Agency. The Zambia Chamber of Mines […]

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149 views
FEATURED
Mining Index Zimbabwe
- March 22, 2022
149 views 2 mins

Russia diamond supply squeeze may benefit Zimbabwe miner’s gems

Zimbabwe’s biggest rough diamonds miner sees Russia’s invasion of Ukraine triggering “far-reaching consequences” for the global gem industry and possibly lifting demand for its own diamonds. Russia’s Alrosa is the world’s biggest diamond producer by volume at 30% and the slightest disruption to its ability to supply distorts the market, according to Zimbabwe Consolidated Diamond […]

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194 views
FEATURED
Mining Index Zimbabwe
- March 22, 2022
194 views 12 secs

Alrosa to shut US office

Alrosa plans to close its New York operations as tensions between the US and Russia escalate. Rebecca Foerster, president of Alrosa USA, has left the company, the miner said Monday. The developments follow White House sanctions on Alrosa and other Russian entities amid the country’s continued war in Ukraine. The US has also banned the […]

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245 views
FEATURED
Mining Index Zimbabwe
- March 22, 2022
245 views 2 mins

First Quantum to power Zambia copper mines with wind, solar

First Quantum Minerals plans to power its copper mines in Zambia through a $500-million solar and wind energy installation funded by a TotalEnergies-backed company and Chariot. Electricity shortages have, in the past decade, hurt mining operations in the southern African nation that relies almost completely on hydropower. The project is also a shift for Vancouver-based […]

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