268 views
FEATURED
Mining Index Zimbabwe
- January 12, 2022
268 views 3 mins

Chinese miner threatens media for exposing Mutoko evictions

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 […]

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112 views
FEATURED
Mining Index Zimbabwe
- January 12, 2022
112 views 5 mins

Invictus in US$1,4m capital raising scheme

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 […]

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384 views
FEATURED
Mining Index Zimbabwe
- January 11, 2022
384 views 4 mins

Export incentives lure miners to Zim’s new bourse; VFEX

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 […]

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235 views
FEATURED
Mining Index Zimbabwe
- January 11, 2022
235 views 3 mins

BHP invests in Tanzanian nickel project

Diversified major BHP will make a $90-million investment into private firm Kabanga Nickel to accelerate the development of the Kabanga nickel project, in Tanzania. Kabanga Nickel on Monday announced an initial $40-million investment by the miner, which will convert into an 8.9% equity stake in Kabanga Nickel once approvals and conditions are met. Once invested […]

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159 views
FEATURED
Mining Index Zimbabwe
- January 11, 2022
159 views 2 mins

Indonesia hopes to decide on coal export resumption in coming days

Indonesia’s government is hoping to reach a decision on resuming coal shipments “in the coming days”, its energy minister said on Monday, as pressure mounts on the world’s biggest thermal coal exporter to end a ban imposed 10 days ago. “In the past week we have done stocktaking and we hope in coming days there […]

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200 views
FEATURED
Mining Index Zimbabwe
- January 11, 2022
200 views 3 mins

Govt avails US$13m for Dorowa Minerals refurb

GOVERNMENT says US$13 million from the $2,3 billion allocated to Industrial Development Corporation of Zimbabwe (IDCZ) will be released in the first quarter of this year towards the refurbishment of Dorowa Minerals. Industry and Commerce minister Sekai Nzenza says the project, which is expected to be commissioned in April this year, targets to achieve 70% […]

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308 views
FEATURED
Mining Index Zimbabwe
- January 11, 2022
308 views 7 mins

Villagers live in fear of relocation to pave way for Chinese mining

A CONVOY of trucks laden with huge black granite rocks trundles along the dusty pathway as a group of villagers look on grimly. Everyday more than 60 trucks take granite for export along this rugged road through Nyamakope village in the district of Mutoko, 90 miles east of Zimbabwe’s capital, Harare. The air reverberates with […]

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106 views
FEATURED
Mining Index Zimbabwe
- January 10, 2022
106 views 3 mins

Chinese firm bails out Zesa

CHINESE steel giant, Tsingshan Limited will soon release US$60 million to Zesa Holdings for the construction of a power transmission line from Kwekwe to Mvuma. This comes after the Chinese company had made a request to Zesa to improve some of its infrastructure but the power utility dithered. The steel manufacturing giant which has operations […]

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738 views
FEATURED
Mining Index Zimbabwe
- January 10, 2022
738 views 34 secs

Ema opens offices in Esigodini to improve efficiency

GOVERNMENT last week officially opened new Environment Management Agency (Ema) offices in Esigodini and Umzingwane districts in Matabeleland South to curb environmental degradation caused by illegal gold mining activities in the area. The opening of the Ema offices came at a time when Bulawayo City Council rangers and the police have launched a joint operation […]

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160 views
FEATURED
Mining Index Zimbabwe
- January 10, 2022
160 views 11 mins

‘They Want To Remove Us And Take The Rock’: Mutoko Villagers

AS COMPANIES extract wealth, villagers say they see little benefit and are instead exploited in quarries, live in homes damaged by blasts and are unable to farm polluted land. A convoy of trucks laden with huge black granite rocks trundles along the dusty pathway as a group of villagers look on grimly. Every day more […]

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