News

LEADING crocodilian skins and meat producer Padenga Holdings Limited has listed on the Victoria Falls Stock Exchange (VFEX) making it the second company to trade on the off-shore biased financial services centre. Finance and Economic Development Minister Professor Mthuli Ncube officially launched the VFEX in October last year, and Seed Co International became the first […]

LEADING diversified natural resources producer, Eurasian Resources Group Africa has started mobilising additional contractors and staff to undertake work on its Bokai platinum project in the lower region of the Great Dyke near Shurugwi. The developments come after the Ministry of Mines and Mining Development last month informed the company that its platinum mining concessions […]

REGIONAL mining group, Premier African Minerals has started drilling at its Zulu Lithium project in Matabeleland South province. Last month, the multi-commodity mining and natural resource development company, announced a placement of £1 million for the ongoing Definitive Feasibility Study (DFS) at Zulu. In a statement yesterday, Premier said drilling was underway at Zulu with […]

CONSTRUCTION of Afrochine Dinson Colliery’s coking coal and coke oven battery projects in Hwange under the first phase is now complete with the US$30 million investment creating 300 jobs.   In April, the company announced that it had started heating up its furnace in preparation for the start of metallurgical coke production.  The firm, a subsidiary of […]

The country’s sole buyer of gold, Fidelity Printers and Refiners (FPR) says authorities should introduce a tax moratorium on small scale miners to ramp up production as Zimbabwe eyes 100 tonnes of the yellow metal per annum by 2023. The country’s gold production has gone down to 2015 levels due to unfriendly mining policies which […]

Zimbabwe is planning to revive copper mining in the country and the Zimbabwe Mining Development Corporation (ZMDC) has since requested for expression of interest from potential investors. Zimbabwe’s last operational copper mine, Mhangura, was closed in 2000, owing to low international copper prices at the time. But amid a significant rise in copper prices in […]

BINDURA Nickel Mine has increased capital expenditure by 73 percent to US$8,9 million in the financial year ended March 31, 2021 from US$5,1 million in the prior year. The nickel miner’s capital expenditure projects that were implemented during the year under review are the Sub-Vertical Rock (SVR) winder mechanical and electrical upgrades (US$1,7 million), shaft […]

THE Zimbabwe Coalition on Debt and Development (Zimcodd) has claimed that the administration of public resources in the country was shrouded in politics, which it claimed was detrimental to national development and growth. It said following a study on natural resource governance in the country, it concluded that citizens in areas endowed with natural resources […]