News

Invictus Energy, which is exploring for oil and gas in Muzarabani, has recruited the first batch of 100 local employees from the area for the field campaign process, which will commence soon. A field campaign refers to the seismic data acquisition campaign, to select sites on which oil and gas test wells would be drilled […]

TEN companies will take control of Zimbabwe’s privatised gold refinery, Fidelity Printers and Refiners (FPR), for US$49 million, Finance minister Mthuli Ncube said on Thursday. This will be the first time that the refinery will be in private hands since it was established in 1988. The sale, first announced in December last year, will see […]

STUNG by daring illegal diamond miners operating in cahoots with senior security personnel, the Zimbabwe Consolidated Diamond Company (ZCDC) has invested in long range drones in an effort to reduce leakages. Surveillance points have also been set up at the ZCDC and Ministry of Mines and Mining Development head offices in Harare. Efforts are also […]

INCREASING demand for black granite, particularly in the construction industry, has compelled a Rusape businessman to invest in beneficiation of the dimension stone. Cosmas Granite is getting granite blocks from Mutoko and processing them into floor and wall tiles, table tops, as well as tombstones. The indigenous company is targeting both the local and export […]

ZIMBABWE’S biggest platinum producer, Zimplats, plans to set up two solar power projects with a combined generation capacity of 185MW. The planned solar plants would provide power to the company’s operations in Mashonaland West province. In a public notice, the Zimbabwe Energy Regulatory Authority (Zera) confirmed receiving applications from Zimplats for 80MW and 105MW solar […]

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 […]