News

PROSPECT Resources Limited chief executive officer Sam Hosack has relocated to Zimbabwe permanently, signalling a strategic shift in the company’s focus towards its African operations. From his new base, Hosack will spearhead the development of the recently acquired Mumbezhi Copper Project, a flagship asset situated in the Zambian Copperbelt, as the firm ramps up efforts […]

VICTORIA Falls Stock Exchange-listed Caledonia Mining Corporation says gold production at its flagship operation, Blanket Mine, increased by 13% to 37 823 ounces in the first half of this year. Gold output stood at 33 472 in the same period last year. In the second quarter of 2024, the yellow metal output was up 19% […]

THE Zimbabwe Miners Federation’s (ZMF) annual general meeting (AGM) kicks off in the capital today with Mines and Mining Development minister Winstone Chitando as the guest speaker. The two-day indaba is being held under the theme, Sustainable Mining: A Catalyst towards National Development. It ends tomorrow. In an interview, ZMF president Henrietta Rushwaya said they […]

LONDON-LISTED resources outfit Premier African Minerals will relocate part of its RHA Tungsten plant in 2024 due to an ownership dispute, which has hampered operations. Premier holds 49% interest in the Zimbabwe-based RHA Tungsten Mine, while the government of Zimbabwe, through the National Indigenisation and Economic Empowerment Fund (NIEEF), controls the remaining 51%. In May […]

CHEGUTU district is set to restore its citrus hub status underpinned by an out-grower programme for both commercial and communal farmers producing oranges, nartjies, grapefruit, lemons mandarins and other citrus produce. The envisaged project is expected to resuscitate citrus production in the district once famous for citrus produce before the agrarian reform programme, which saw […]

Mining revenues are expected to drop by 10% this year due to a global fall in commodity prices and persistent power cuts, according to a report by IH Securities. The sector generated US$5,2 billion last year. In its outlook for the sector, IH noted that the market was likely to experience continued volatility, persistent power […]

The Zimbabwe International Trade Fair Company (ZITF) wishes to inform exhibitors, visitors, buyers, delegates and all other stakeholders that the 27th edition of the mining, engineering and transport exhibition, Mine Entra, originally scheduled for July 17-19, 2024, in Bulawayo, has been postponed to a date yet to be confirmed. Consultations regarding suitable dates are underway […]

As Finance Minister Mthuli Ncube prepares his mid-term budget statement, miners are sounding alarm on the impact of government policy on an industry already bleeding from low metal prices. In an appeal to Ncube, the Chamber of Mines warns that large-scale miners may scale back production due to high costs and taxes, pleading for lower […]

AN Australia Stock Exchange (ASX)-listed company, MetalsGrove, whose initial exploration bid for Zimbabwe’s lithium came up short, announced that it will continue to pursue assets at the Beatrice and Arcturus sites, which are located near some of the region’s largest finds. In an update to shareholders, MetalsGrove shared results from its exploration efforts, stating that […]