News

A CHINESE investor, under siege from alleged corrupt individuals including government officials, is threatening to ditch the US$40 million Hwange Coal Gasification Company (Pvt) Limited (HCGC) after losing coke worth approximately US$2m in five days in alleged corrupt activities. In a case involving several individuals accused of name-dropping, especially President Emmerson Mnangagwa’s name and other […]

ZIMBABWE Diamond and Allied Minerals Workers Union (ZDAMWU) is set to hold its second congress from August 29 to 31 in Bulawayo this year. ZDAMWU general-secretary Justice Chinhema revealed the development in a statement yesterday saying the congress will be held under the theme ‘Promoting Inclusive Building Union Power towards Unlocking Job Security and Transformation’. […]

Namib Minerals, an established gold producer in Africa, is set to expand its operations significantly with the planned revival of Mazowe Mine also known as Jumbo and Redwing, in Zimbabwe. Namib Minerals is an established African gold producer with an attractive portfolio of mines in Zimbabwe supported by high-grade, low-cost production, extensive infrastructure and pro-mining […]

State-owned Kuvimba Mining House has advanced plans to secure investment for a $270 million lithium plant at its Sandawana Mine, where production of concentrates is expected to start by the end of 2025, it said on Tuesday. The southern African country is the continent’s top producer of lithium, which is used in electric vehicle batteries […]

THE National Employment Council (Nec) for the mining industry has approved a US$3,55 salary increment for mining workers for the July to December period despite the high cost of living. In a recent circular issued by Nec, the lowest mine worker’s salary was raised by US$14,20 for the April to June period, from US$355 prior, […]

PROSPECT Resources Limited says its Step Aside lithium project in Zimbabwe has reached a critical milestone, positioning it for monetisation. The potential revenue from this project, according to Prospect Resources chief executive officer Sam Hosack, is expected to support the exploration and development of the priority Mumbezhi Copper project in Zambia. In 2021, Prospect sold […]

RESOURCE outfit Premier African Minerals has invested approximately US$75 million in the development of the Zulu lithium and tantalum project, located near Bulawayo, according to chief executive officer George Roach. The mining firm, with a diverse portfolio of projects in Zimbabwe and Mozambique, is currently finalising the installation of a flotation plant at the Zulu […]

ZIMBABWE’S mining companies have lined up capital investment projects totalling US$455,8 million to boost production capacities despite operating in a challenging environment, an industry report shows. This significant investment demonstrates the industry’s commitment to expansion and development, experts say. In addition to these future projects, mining firms have already invested more than US$1,5 billion in […]

A COALITION of mining workers unions have petitioned the Labour ministry over alleged irregularities and corruption in the selection process for union representatives to the National Employment Council (NEC) committees. The unions claimed the process, which is mandated by law, was unfairly manipulated to exclude certain legitimate trade unions, thereby denying them a seat at […]

British resources company Contango has agreed to sell a 51% interest in the Muchesu coal project to Wencai Huo, a Zimbabwe-based Chinese investor with vast interests in mining. Contango, listed in London, started building the Muchesu plant in Binga in 2022. In May last year, the company produced its first coking coal, used to make […]