News

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 […]

Mining group — Dallaglio Investments has brought in equipment from Netherlands for its Eureka Mine as it moves to beat global shipping delays. World over, businesses have been affected by supply chain disruptions following the outbreak of the Covid-19 pandemic that has seen many countries closing borders or operating at limited capacity among other challenges. […]

Chinese mining firm, Afrochine Smelting, is appealing for State protection amid  mounting resistance by some safari operators and residents objecting the granting of a special grant to the company in Hwange District in Matabeleland North province.  Matabeleland North is one of the provinces in Zimbabwe endowed with vast natural resources including minerals such as coal bed […]

Gold miner Shamva Mine is targeting to produce 3 500 kilogrammes (kg) annually once fully developed. Mines Minister Winston Chitando Currently, Shamva Gold Mine, which was officially re-opened last year by President Emmerson Mnangagwa, is producing about 65kg a month, which translates to about 780kg a year. Shamva is a subsidiary of Kuvimba Mining House […]

The Zimbabwe Mining Development Corporation (ZMDC) is planning to reduce its shareholding in mining assets across the country as part of a privatisation drive. ZMDC operates Sabi Gold Mine in Zvishavane, Jena Gold Mine in Silobela, and Elvington Gold Mine in Chegutu, Mhangura Copper Mine, Alaska, Sandawana and Kamativi. It has a stake in Great […]

INVICTUS Energy, which is developing the Cabora Bassa oil and gas project in Muzarabani, has embarked on a recruitment drive targeting to employ 100 locals ahead of the firm’s seismic acquisition campaign. The seismic acquisition is a process of gathering subsurface vibrations during oil and gas development and used to determine location with higher chances […]

Zimbabwe’s prospects of becoming a major supplier of lithium, a critical raw material for modern batteries, inched closer yesterday with the commissioning of a pilot plant at Arcadia Lithium Mine near Harare. Australia-listed Prospect Resources, which secured a long-term off-take partner for Arcadia with Sibelco of Belgium, has been moving forward with its mining venture […]