News

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 […]

THE Reserve Bank of Zimbabwe (RBZ) says it now allows large-scale gold miners who deliver the yellow metal above the monthly average quantities to retain 80% of their forex earnings and directly export a portion of their bullion as it gradually eases control of gold trading in the country. Analysts yesterday said the move would […]

ENERGY firm, Invictus Energy Limited (IEL) says its seismic contractor, Polaris Natural Resources Inc, for the Cabora Bassa Project has begun hiring staff to commence operations. The Cabora Bassa Project started in late 2018 and encompasses the Muzarabani Prospect in Zimbabwe believed to have multi-trillion cubic metres worth of liquids rich in conventional gas-condensate. In […]

AUSTRALIA-LISTED mining group, Prospect Resources, has started lithium production at its newly developed Arcadia Mine under a pilot plant project. The Arcadia lithium project is situated in Goromonzi near Harare. Prospect Resources recently announced the completion of construction and commissioning of the Arcadia Lithium pilot plant project, marking the commencement of production. The construction and […]