News

THE Zimbabwe Electricity Supply Authority (Zesa) says it is not directly involved in the processes to establish a 97km long high voltage powerline whose delay has hampered progress in the construction of a US$1 billion iron and steel plant in Mvuma. This follows media reports that said the construction of the plant was in danger […]

OLD Mutual Zimbabwe has invested US$20 million in green energy projects to help the southern African country address power shortages, an executive said Wednesday. The firm, which presides over several financial services outfits on the domestic market, said it partnered with power producer, Solgas to develop a five-megawatt (MW) plant near Hwange. The first phase […]

Mineral prices were subdued in October as the United States dollar held firm while the demand in China, the biggest consumer of local minerals fell owing to crippling power challenges. Zimbabwe exports its platinum, copper and nickel to China. But, with the Asian giant experiencing severe power cuts, the demand for Zimbabwe’s minerals went down. […]

Genesis Environment Consultancy is undertaking the environmental impact assessment (EIA) for Lynx Graphite Mine following the signing of a joint venture partnership between Zimbabwe Mining Development Corporation (ZMDC) and Fossil Mining Resources. The development comes at a time when there is increased demand for graphite on the global market and ZMDC is looking at reviving […]

Resources firm, Prospect Resources, has shortlisted seven potential partners to undertake its Zimbabwe-based Arcadia Lithium project under a joint venture arrangement. Prospect’s MD Sam Hosack said the proposals came from international parties. “Following a period of engagement with interested parties, over the past week, Prospect has received seven non-binding proposals for the advancement of Arcadia […]

THE Mining Industry Pensions Fund (MIPF) has released audited financial statements from 2015 to 2020 following a petition by the Zimbabwe Diamond and Allied Mineral Workers Union (Zdamwu). In the petition, Zdamwu raised concern that its members were not benefiting from their pension contributions. The petition came at a time when the mining sector has […]

Cement producer PPC says cement sales volumes in Zimbabwe grew by a better-than-expected 19% in the six months to September, as the industry saw double-digit growth in demand for cement. PPC, which says it holds a 57% share of the cement market in the country, however says the economy remains “challenging” due to frequent policy […]