News

BRAVURA Zimbabwe, a subsidiary of Bravura Holdings, says its projects in the country are progressing as planned, with the lithium operation slated for commercial launch in 2025. This week, Bravura hosted a media tour in South Africa, offering a showcase of its cutting-edge mechanised mining equipment and state-of-the-art lithium processing plant, highlighting the company’s commitment […]

ZIMBABWE’S major mining companies are pinning their hopes on Treasury to announce a cocktail of measures to cushion platinum group metal producers from the tumbling prices on the international market and rising operating costs, The NewsHawks has established. Early this year, the country’s major platinum miners — Zimplats and Mimosa — announced job cuts after […]

ONE of Zimbabwe’s most accomplished investors singled out a Chinese-built steel operation as one of the most significant deals to emerge recently, sharing his insights on a variety of topics during an Africa Day presentation in Harare last week. Shingai Mutasa, the founder and chief executive officer at Masawara — a sprawling conglomerate with substantial […]

BRAVURA Zimbabwe has adopted a vertically integrated approach, handling all aspects of its business in-house to minimise dependence on external partners to enhance operational resilience. The company runs three projects in Zimbabwe—Bravura Platinum, Bravura Lithium and Bravura Iron. The projects are at different levels of completion, with the lithium project in Kamativi being expected to […]

FINANCIAL services giant CBZ Holdings’ mining sector loan book has more than doubled to 18%, a demonstration of the bank’s commitment to support Zimbabwe’s economic growth, an executive has said. CBZ Holdings executive director, Phibeon Mutibura, told Chamber of Mines of Zimbabwe 2024 annual conference held in Victoria Falls recently that the group and its […]

VAST Resources has reported a 22% output surge at its Baita Plai Mine in a development which has seen the concern’s stock price going up. The renowned miner with operations in Romania, Tajikistan and Zimbabwe reported that 25 388 tons of ore were mined at Baita Plai pushing output to 22% from 20 738 tons […]

BARELY a year after the airing of a gold smuggling documentary, Zimbabwe finds itself in the spotlight for the wrong reasons again after it was ranked among the top five countries smuggling gold to the United Arab Emirates. A new report by SWISSAID alleged that 12 African countries are involved in smuggling more than 20 […]

PRESIDENT Emmerson Mnangagwa offered investors the vast minerals opportunities in Zimbabwe as he ups the ante in attracting the much-needed investment to spur the ailing economy. He was speaking at the inaugural 2024 Korea-Africa Summit which kicked off in Seoul on Tuesday to “expand economic ties and cooperation in supply chain and development with the […]

Gold miner Caledonia Mining Corporation has confirmed that it will develop the Bilboes sulphide gold project, in Zimbabwe, in a single phase instead of multiple phases as initially planned, and with a revised approach to the tailings storage facility (TSF). In a preliminary economic assessment (PEA) published on May 30, Caledonia and consultancy DRA Projects […]