News

Invictus Energy Limited, the Australian firm that is exploring for oil and gas reserves in Muzarabani district, has started trading on the OTCQB market, as part of efforts to raise funding for the project, the firm said in a statement. The OTCQB is a mid-tier equity market which lists primarily early-stage and developing companies in […]

Redwing Mining Company (RMC), has entered into a joint venture agreement with Duatlet Investments in a development that will see injection of fresh capital into the gold miner, official documents show. Betterbrands Mining Company (BMC), which had been running operations at Redwing, has now been ordered to suspend all mining activities with immediate effect to […]

The board of directors of platinum group metals miner Zimplats has approved an overall capital investment strategy worth $1.8-billion to be implemented over a ten-year period, beginning this year, with $1.2-billion of projects already approved for implementation. The projects, including those that are currently in the process of being approved, will concentrate on maintaining current […]

B2Gold Corporation, the Canadian company that owns mines in Africa and the Philippines, is interested in acquiring gold assets in Zimbabwe. The mid-tier gold producer, which has mines in Mali, Namibia and the Philippines, has held talks with the government and other officials Zimbabwe “to see if they are ready for us to come in,” […]

Zimplats, the country’s biggest platinum producer, says its board has approved new capital investment worth US$1.8 billion in Zimbabwe, with US$1.2 billion already committed for implementation. The investment will be spread out over the next ten years, starting in 2021, and involves the development of a new mine, expanding processing capacity and cutting emissions, Zimplats […]

South Africa’s Impala Platinum (Implats) (IMPJ.J) said on Monday it was planning to make an offer to buy smaller platinum group metals producer Royal Bafokeng (RBPJ.J) for 150 rand per share in a cash-and-stock deal. In a separate statement, Royal Bafokeng said that at this stage its independent board does not express any view or […]