News

Zimbabwe is desperate to get more out of its lithium wealth, but the country is also trying to strike a balance to keep investors happy. The country enjoyed a rush of lithium investments two years ago, as prices of the metal used in electric vehicles firmed. But this has slowed over the past year, after […]

PLATINUM miner, Mimosa Mining Company, has put its US$134 million North Hill project on hold due to a challenging operational environment, characterised by declining global prices among other challenges. The project, intended to replace the South Hill mine, has been suspended, pending an improvement in market conditions, according to Stephen Ndiyamba, general manager at Mimosa. […]

UNITED Kingdom-based precious metals exploration company, Ariana Resources Plc has entered into an agreement to acquire 100% stake in Zimbabwe Dokwe Mine. The Zimbabwean asset comes as an addition to its primary area of operations in Turkey and across the wider European and Eastern Mediterranean regions, within which Ariana has specific expertise. In an update […]

PREPARATIONS for the 27th edition of the mining, engineering and transport expo, popularly known as Mine Entra, have begun in Bulawayo with organisers expecting an increased number of exhibitors. Zimbabwe International Trade Fair Company (ZITF) chief executive officer Nicholas Ndebele told Southern Eye that the annual expo, to be held in conjunction with the Mines […]

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 […]