News

THE staged optimised feasibility study (OFS) of the Acradia lithium project, in Zimbabwe, has confirmed the economic viability of the project, said ASX-listed Prospect Resources. The OFS considered the construction of two 1.2-million-tonne-a-year modules, resulting in low up-front capital costs, with reduced execution and market risks. The Stage 1 operation would require a capital spend […]

DIVERSIFIED mining group RioZim diamonds production went down by 4% due to technicalities associated with migration of mining activities in the half-year ended June 30, 2021. Presenting the group’s half-year results, RioZim chairperson Saleem Beebeejaun said the lowered production also prompted the widening of losses. “The group’s associate produced 240 000 carats for the six-month […]

AUSTRALIA-LISTED mining concern Prospect Resources Limited has shipped its first 25-tonne container of technical grade petalite concentrate from its Arcadia pilot plant, near Harare, the firm said at the weekend. The shipment will be delivered to Prospect’s Belgium headquartered offtake partner, Sibelco, a global material solutions company. Which sources, transforms and distributes special industrial minerals […]

Thursday 7 October 2021 FROM THE MINISTER’S DESK – (Mining Index) – THE Ministry of Mines and Mining Development is almost complete towards migrating from the manual to an automated computerized Mining Cadastre Information System. This is part of Government’s drive to improve the efficiency of mining title administration. In the process Government would like […]

By Godknows Hofisi HARARE – (Mining Index) – Corporate rescue is also known by other terms such as business rescue or judicial management. According to Section 121 of the Insolvency Act (Chapter 6:07), hereinafter (“the Act”) of 2018 corporate rescue means the proceedings to facilitate the rehabilitation of a company that is financially distressed. It […]

By Eben Mabunda HARARE (Mining Index) – IN October 2020, the Zimbabwean government tabled an ambitious policy document that aims to turn the mining sector in the country into a US$12 billion industry by 2023. The blue print targets gold output of US$4 billion per year with platinum coming in second at US$3 billion. Diamond […]