News

THE Reserve Bank of Zimbabwe (RBZ) has hailed the Gold Incentives Scheme (GIS) introduced by the government last year for increasing the precious mineral’s output and deliveries by 55,5%. Small-scale miners also maintained the lead in production ahead of large producers. In a statement Wednesday, the RBZ governor, John Mangudya applauded producers for a sterling […]

By Business Reporter – Wednesday 12 January 2022 HARARE (Mining Index) – TWO years after signing a joint venture with Chiadzwa Mining Resources (Pvt) Limited (CMR), Vast Resources remains optimistic of concluding the diamond deal with the Marange community. On 26th September 2019, Vast concluded an official joint venture with CMR that witnessed the birth of Katanga […]

A CHINESE black granite mining company operating in Mutoko has threatened to take legal action against the media for exposing its operations, after it was reported to have displaced some villagers in the district. Jinding Mining Company said it did not displace any families, but gave each affected household US$2 500. It went on to […]

AUSTRALIAN energy firm Invictus Energy Limited (IEL) has issued a prospectus announcing another capital raising initiative for AUD2 000 000 (US$1 437 383,85) through a security purchase plan (SPP) offer. This came hardly two weeks after IEL announced that it would issue 35 000 000 placement shares to professional and sophisticated investors at a price […]

By Eben Mabunda – Tuesday 11 January 2022 HARARE (Mining Index) – ZIMBABWE’s new bourse, the Victoria Falls Stock Exchange (VFEX) despite a slow take-off following  its launch in late 2020, has in recent months sparked the interest of Zimbabwean invested mining firms, with 2 mining firms having listed this December. Bindura Nickel Corporation (BNC); Zimbabwe’s largest […]