News

ENERGY company, Zimbabwe Zhongxin Electric Company (ZZEC), is set to commission its 50-megawatt thermal power plant in Hwange in October, the country’s first coal fired plant owned by a private firm, a Cabinet minister has said. The company was waiting for equipment to evacuate power from the plant to the grid, Energy and Power Development […]

CALEDONIA Mining Corporation Plc, which owns Blanket Mine in Gwanda, has released the inaugural Environmental, Social and Governance (ESG) report for the Gwanda-based gold producer. The report covers the reporting period January to December 2020. In a statement, Caledonia chief executive officer, Mr Steve Curtis was quoted as saying: “I am pleased to present this […]

ZIMBABWE-focused lithium outfit, Prospect Resources moved close to taking full control at its flagship Arcadia Mine on Friday, after scaling up shareholding to 87% in a deal worth just under US$1 million. The Australia Stock Exchange-listed firm previously held a 70% stake in the asset that has recently been reporting significant progress towards full-scale mining […]

PLATINUM producer, Unki Mine’s South African parent company -Anglo American Platinum has reported significant growth in earnings for the half year to June 30, 2021 underpinned by high prices for platinum group metals PGMs) and a solid operational performance from its mining and processing assets. At Unki, total PGM production rose 23 percent to 98,900 […]

 By Lucy Tandi – Tuesday 27 July 2021 HARARE (Mining Index) – THE Ministry of Mines and Mining Development says it is working tirelessly to ensure automation of the much-awaited Mining Cadastre Information System by end of this year. The much-awaited cadastre system is an e-government system through which stakeholders in the Zimbabwean mining industry […]

 By Lucy Tandi – Tuesday 27 July 2021 HARARE (Mining Index) – ZIMBABAWE is estimated to be consuming an average of 24 tons of mercury (Hg) per annum during gold processing. Mercury is a naturally occurring metallic element, which at room temperature and in its pure form is a silvery-white liquid. Hg has been widely […]

INVICTUS Energy, the Australian firm prospecting for oil and gas in Muzarabani, may start drilling exploration wells early next year after taking delivery of state-of-the-art equipment to be used in identifying well sites.  Managing director Mr Scott MacMillan said the more than 20 truckloads of seismic survey equipment offloaded at Durban Port were now on […]

By Lucy Tandi – Friday 23 July 2021 HARARE (Mining Index) – CHINA’S biggest bank, the Industrial and Commercial Bank of China (ICBC) has withdrawn its interest to finance the construction of a US$3 billion thermal power project in Zimbabwe, campaigners said after meeting bank officials last month. ICBC told environmentalists in a meeting that they […]

Zimbabwe’s gold export receipts rose 23% to US$464.2m in the first six months of this year from US$377.9m achieved in the prior comparative period propelled by firming prices on the international markets. The yellow metal was on average fetching US$46,600 per kilogramme (kg) during the reviewed period compared to US$35,600 per kg in 2020. However, […]

AUSTRALIA Stock Exchange-listed lithium miner, Prospect Resources says it has produced 25 kilogrammes of spodumene concentrate from core samples collected at Arcadia Mine, a world-class asset under development in Zimbabwe. Spodumene is considered the most important lithium ore mineral, which is crashed to form a concentrate before shipment to chemical manufacturing companies worldwide. The firm […]