News

CALEDONIA Mining Corporation lifted gold output at Zimbabwe-based Blanket Mine by 17% last year, after scaling up throughput at the “game-changing” Central Shaft, an underground operation that blasted off its first bullion in April, according to chief executive officer Steve Curtis. In a shareholder update on Tuesday, Curtis said the firm scaled up output to […]

Prospect Resources and Huayou International have moved a step closer to sealing a US$422 million acquisition deal, winning key regulatory approvals in China and cancelling a previous offtake deal with another Chinese company, Sinomine. Huayou, one of the world’s biggest companies in the battery metals business, announced in December that it would buy Prospect Resources, […]

Gold miner Caledonia Mining achieved record production of 67 476 oz of gold from the Blanket mine, in Zimbabwe, during 2021, exceeding its revised increased guidance. Output was also 17% higher year-on-year. For the quarter ended December 31, 2021, production was 18 604 oz – a 24% increase on the 15 012 oz produced in the […]

Steel manufacturing companies used to thrive in Bulawayo, once celebrated as the nation’s industrial hub. But over the past decade, hundreds of companies have shut down in Bulawayo, citing high energy costs and water shortages, reducing the city’s once billowing furnaces to a silent wasteland of derelict structures. Pledges by the government to resuscitate industry have […]

THE country’s two ethanol producers, Green Fuel and Ethanol Fuel Company of Zimbabwe (EFCZ) are failing to produce enough ethanol forcing energy authorities to drastically reduce the petrol blending ratio from E10 to E0 as the country manoeuvres to build new storage tanks, it has emerged. The situation has been worsened by the companies’ failure […]