News

Gold production depleted by 7% Diamond production was 43% down Rio confirmed plans to commission BIOX Plant in FY’2021 Harare – Recurrent electricity load shedding facing the country and shortages of foreign currency due to backlog on the foreign exchange auction market has weighed on the gold and diamond production for the listed diversified mining […]

HARARE – Zimbabwe exported over US$866 million worth of nickel mattes, which are a composition of platinum group metals (PGMs) during the January-August 2021 period, up 43 percent than the figure of the same period of time last year, data released by Zimbabwe Statistics Agency (ZIMSTAT) shows. Nickel mattes, as classified by ZIMSTAT, surprisingly topped […]

GOVERNMENT is undertaking a restructuring exercise in the Mines ministry and plans to introduce extension officers that will work in communities to regulate mining activities. This follows a public outcry over a rise in conflicts between mining companies and communities. Senators on Thursday last week grilled the Mines ministry over rising illegal mining activities which […]

GOVERNMENT is in process of putting measures to ensure that liquefied petroleum (LP) gas and fuel is sold in local currency, Energy deputy minister Magna Mudyiwa has said. Statistics from the Zimbabwe Energy Regulatory Authority (Zera) show that Zimbabwe is recording a spike in the consumption of gas owing to intermittent electricity supplies. In the […]

New York Stock Exchange-listed Caledonia Mining Corporation will next year spend about US$27m in its Zimbabwe operations. The company operates Blanket Mine in Matabeleland South Province. The development was revealed by Caledonia CEO Steve Curtis. “Due to, inter alia, historic delays in the completion of the Central Shaft arising from Covid-19, the need to remediate […]

AUSTRALIA-LISTED mining concern, Prospect Resources (Prospect) has resolved to repay its employees who took salary cuts to reduce overall business costs as the COVID–19 scourge hit the globe last year. In April 2020, all Prospect employees, including board members, agreed to take a significant reduction in salaries. But Prospect, whose flagship operation is Arcadia lithium […]

VICTORIA Falls Exchange (VFEX) lucrative incentives have pushed Bindura Nickel Corporation (BNC) to voluntarily delist from the Zimbabwe Stock Exchange (ZSE) in pursuit of the competitive advantages on offer. In a recent circular to shareholders, BNC chairman, Muchadeyi Masunda notified shareholders that the mining giant will be exiting the ZSE and heading to list on […]

Four Zimbabwean entities have signed over US$188 million worth of agreements with the African Export-Import Bank, with most of the new funding going into energy, the bank said Friday. Afreximbank said it had signed loans worth US$188,600,000 with the power utility Zimbabwe Electricity Transmission & Distribution Company (ZETDC), as well as with CABS, CBZ and […]