News

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 […]

ZIMBABWE’S mining sector growth slowed down to 4.8% in 2023 from 10% in 2023 as weakening commodity prices continued to hurt the capital-intensive sector, latest figures from the Chamber of Mines of Zimbabwe have shown. Mining is the country’s top foreign currency earner, accounting for nearly 80% of export receipts. “During the period under review, […]

ZIMBABWE is one of the top five African countries reportedly smuggling gold to the United Arab Emirates (UAE), a new report shows. The report, titled On the Trail of African Gold: Quantifying Production and Trade to Combat Illicit Flows, was released by SWISSAID last week and looks at how Africa “is the world’s main gold-producing […]

In a significant move to harness the benefits of the green revolution, the Zimbabwean government has announced that construction for Phase 1 of the Mapinga Mines to Energy Industrial Park will commence in June. This initiative aims to enhance the beneficiation and value addition of the country’s mineral resources, particularly lithium. The Mapinga Mines to […]