News

INVICTUS Energy has said it has opened fresh talks to beef up its war chest ahead of the planned drilling of its first test well at the Cahora Bassa operation in Zimbabwe. The announcement came through as the Australia Stock Exchange (ASX)-listed oil explorer requested the bourse’s permission to halt trading in its stock until […]

The growth of renewable energy capacity is forecast to accelerate in the next five years, accounting for about 95% of the increase in global power capacity through 2026, the most recent stats released by the International Energy Agency (IEA) predict. A global perspective Named Renewables 2021, the report released this December by the IEA is […]

HUAYOU, one of the world’s biggest companies in the battery metals business, last week announced a deal to buy Prospect Resources, which is developing a lithium mine in Zimbabwe. The deal will see the Chinese giant paying US$422 million for Prospect shares. Huayou is the world’s biggest producer of cobalt, a metal used in EV […]

By Lucy Tandi HARARE (Mining Index) – CHINA has in the past decade emerged as a key external investor in Zimbabwe’s mining sector. Under the Second Republic, Zimbabwe has embarked on a policy drive to attract Foreign Direct Investment (FDI) to power its economic recovery, stabilization, and growth with a view to becoming a Middle-Income […]

By Business Reporter MINERS’ representative body, the Chamber of Mines of Zimbabwe (CoMZ), has asked the government to charge taxes, royalties and for electricity bills among other statutory obligations in the Zimbabwean dollar (ZWL), saying paying in United States dollars (US$) is piling pressure on mining players’ operations. Economist Pardon Chitsuro told stakeholders attending the […]

By Lucy Tandi HARARE (Mining Index) – DALLAGLIO Investments says it has channelled US$5 million towards the refurbishment and operationalization of Eureka Gold Mine. The Eureka Mine commissioning was held on the 21st of October 2021, officially inaugurated by His Excellency, the President of the Republic of Zimbabwe, Dr Emmerson Dambudzo Mnangagwa. The reopening programme […]