News

Gold mining giant Caledonia Mining Corporation Thursday officially listed on the Victoria Falls Stock Exchange, making it the third company to list on the foreign currency denominated bourse since its opening last year. Caledonia, which operates Blanket mine, brings in more than 600 000 shares that are available for Zimbabweans. President Emmerson Mnangagwa presided over […]

BINDURA Nickel Corporation (BNC) says the 40% export retention and the depreciating Zimbabwe dollar triggered a loss of US$1,2 million during the half year ended September 30, 2021. Under the export retention scheme, companies are required by the Reserve Bank of Zimbabwe (RBZ) to surrender 40% of their proceeds for local currency at the official […]

Zulu lithium mine has the potential to emerge as one of the more substantial hard rock lithium-rich mine in Zimbabwe, Premier African Minerals Chief Executive Officer Mr George Roach has said. Premier has made progress on drilling at its Zulu Lithium project presently under development in Matabeleland South province with presently waiting for assay results. […]

Australian Stock Exchange-listed oil and gas mining junior Invictus Energy is on the path to drill the world-class Muzarabani oil prospect in the first quarter of 2022, the company’s Managing Director Scott Macmillan said. Speaking at the company’s Annual General Meeting (AGM) Macmillan said details of the oil drilling campaign will be provided in the […]

Zimbabwe’s platinum output in the third quarter plummeted by 4 000 ounces to 111 000 ounces , a World Platinum Council (WPC) report shows. WPC said several miners had scheduled maintenance. “Zimbabwe continued its long-term undisrupted production performance in the quarter with output of 111 000 ounces, (which however, was) a modest 4 000 ounces […]

THE Mines ministry has said its 2022 budget allocation of $3 billion was too little for the ministry to make any meaningful contribution to the economy. Finance minister Mthuli Ncube allocated $3 billion to the sector, which contributes approximately US$2 billion annually to the economy. Mines ministry secretary Onesimo Moyo yesterday called for an increase […]

Fidelity Printers and Refiners (FPR) is lobbying the government to come up with improved mining policies and incentives to ensure that the 100 tonnes target is met by 2023 acting general manager Peter Magaramombe has said. The call comes amid revelation some small scale miners were now shying away from the country’s sole buyer and […]