News

CALEDONIA Mining Corporation has placed on ice exploration at Glen Hume, the Midlands-based goldfields, after results failed to live up to the resources giant’s expectations, the firm said this week. Glen Hume, which is located near Gweru, was the latest of several assets being eyed by the Jersey-headquartered resources outfit, whose flagship operation is the […]

AUSTRALIA–LISTED mining concern, Prospect Resources, has started the process of finding a long-term partner for the funding and development of its flagship Arcadia Mine, a world-class asset on the outskirts of Harare. The development comes after the Zimbabwe-focused lithium outfit successfully scaled up shareholding in Arcadia Mine to 87% in a deal worth just under […]

INCENTIVE schemes announced early this year to boost gold deliveries to the State-run Fidelity Printers and Refiners (FPR) have bolstered shipments into the formal market, Reserve Bank of Zimbabwe (RBZ) governor John Mangudya said on Friday, projecting higher year-end output. Speaking during a mid-term monetary policy statement (MPS) review webinar organised by the country’s biggest […]

By Business Reporter – Wednesday 25 August 2021 HARARE (Mining Index) – LACK of public access to relevant and accurate extractives (mining, oil and gas) information remains a major issue for Zimbabwe. Since the decline of the agricultural sector, mining emerged as the leading sector for economic revival. In 2012 mineral exports accounted for 64% […]

New York Stock Exchange-listed resources firm, Caledonia Mining Corporation, has ditched its targeted gold mining project at Glen Hume in the Gweru district, Midlands Province, following poor exploration results. In December last year, Caledonia Mining Corporation announced that it had secured exclusive rights to explore and acquire the mining claims at Glen Hume and Connemara […]

POLICE are investigating Matobo-based Chinese miner He Chisheng Mike of Yakuts Investment, who is accused of strangling an employee before dismissing him from work. Matabeleland South police spokesperson Inspector Loveness Mangena confirmed the developments. “The case of Charles Muswaka was reported and I have the case number and investigations are currently ongoing. “If there are […]