News

POWER utility Zesa Holdings’ multi-billion-dollar electricity facilities have been overwhelmed after prolonged under-capitalisation, internal data showed this week, placing the country’s growth plans under threat. So dire is the power situation that the seven-page internal document titled Zimbabwe Power Company (ZPC) Operations Overview, warned that the “viability and survival” of the ZPC had been thrown […]

Zimbabwe Diamond and Allied Mineral Workers Union secretary-general Justice Chinhema has warned that there is a high likelihood of mining accidents this rainy season due to the poor state of shafts in many mines dotted around the country. Chinhema has urged mine owners to invest more in safety rather than profits. “We are expecting the […]

ZESA Holdings has threatened to switch off mining houses over a US$37 million legacy debt, which it blames for crippling the power utility’s operational efficiency.  Speaking during the recent launch of the 2021 Mining Industry Report by the Chamber of Mines of Zimbabwe (CoMZ) in Harare, Zimbabwe Electricity Transmission and Distribution Company (ZETDC) acting managing […]

THE Zimbabwe National Geospatial and Space Agency (ZINGSA) has signed a memorandum of understanding with Russia’s space corporation Roscosmos, creating the basis for collaboration in the field of remote sensing of the earth and in training space industry personnel. The agreement was signed in Moscow on Monday by Deputy Minister of Higher and Tertiary Education, […]

Energy explorer Invictus Energy says it has completed its seismic survey at the Cabora Bassa project in Muzarabani. Now the next step is crunching the data to find the best spots to drill exploration wells. During the seismic survey, the company used machinery from Canadian company Polaris, which uses sound vibrations to locate potential locations […]

SOUTHERN African focused mining outfit, Prospect Resources has accelerated its Zimbabwean investments, pumping US$13,5 million in fresh capital to move Arcadia lithium mine towards production. The funds were injected through a private placement, according to a statement released by the Australia Stock Exchange-listed firm. A private placement involves the sale of stock, shares or bonds […]