News

ZIMASCO, a local ferro-chrome producer owned by China’s Sinosteel, has completed a feasibility study for the construction of furnaces in Neta, Mberengwa District, where it intends to build new mines, company spokesperson has said. This comes after the company announced a US$35 million investment for the construction of new furnaces at its Kwekwe smelting complex […]

Government through the National Oil Infrastructure Company (NOIC) of Zimbabwe has entered into a joint-venture agreement with Coven Energy Limited to kickstart the construction of a US$1.3 billion second fuel pipeline from Beira to Harare. The project which will see NOIC and the British-based Coven Energy entering into a 50:50 Public-Private Partnership is meant to […]

Deal “essential for transition to a cleaner future” Sibanye has agreed to subscribe for a strategic placement of new ordinary shares in “ioneer” equal to 7.1% of ioneer’s placement shares for US$70m Rhyolite Ridge is expected to be one of the first large US lithium projects to enter production South African-based miner, Sibanye Stillwater, with […]

FRIENDS of Shabanie and Mashava Mines Holdings (FoSMM) have filed papers at the Johannesburg High Court seeking an order to compel South African President Cyril Ramaphosa to ignore an administrator appointed under Zimbabwe’s Reconstruction of State and Insolvent Companies (Recon) Act to take charge of the Zvishavane-based asbestos miner. In case number 21/38369, FoSMM claimed […]

A whistleblower has submitted an explosive dossier to the Zimbabwe Revenue Authority (Zimra) providing insight into how diamond mining firms in the Chiadzwa diamond fields in Manicaland, evaded tax obligations, prejudicing the state of jaw-dropping sums of money running into millions of United States dollars. The plunder of diamond proceeds has been acknowledged at the […]

ZIMBABWE is expected to add up to 4% (about 17 thousand ounces (koz)) of platinum production volumes as a backlog of semi-finished inventory is refined in South Africa on the back of easing disruptions and record platinum group minerals (PGM) pricing support. This is coming as global platinum demand is seen increasing by 1% (+59 […]