News

Zimbabwe has softened its requirements for lithium miners to process the mineral locally, a government official said on Thursday, as the industry battles to survive a price slump over the past year. Africa’s top lithium producer, Zimbabwe had last year given producers up to March 2024 to submit plans of how they would produce battery-grade […]

Multi-commodity mining and natural resource development company Premier African Minerals has raised £550 000, before expenses, through the issue of about 1.75-billion shares at an issue price of 0.0315p each. The Aim-listed company, which is developing the RHA tungsten and Zulu lithium projects, in Zimbabwe, says it remains of fundamental importance that it continue to […]

MAJOR mining companies in Zimbabwe are under attack for converting employee pension contributions from United States dollars (USD) to local currency when submitting them to the Mining Industry Pension Fund (MIPF), potentially profiting from favourable foreign exchange rates, the Zimbabwe Independent can exclusively reveal. This practice has caused a crisis of confidence among MIPF members, […]

JERSEY miner, Caledonia Mining Corporation plc, is selling its local subsidiary, Caledonia Mining Services (Private) Limited, which owns a 12,2 megawatt (MW) solar project, to CrossBoundary Energy Holdings (CBE) for US$22,35 million. CBE is a Kenya-based renewable energy solutions firm mainly focused in Africa although it has projects in Australia. It has a portfolio of […]

Bikita Minerals plans to invest up to US$500 million on a new lithium smelter, stepping up local processing despite a sharp fall in global metal prices. But the company has a few home truths for Zimbabwe – lithium is not as rare as many here think, and the country may lose out on its lithium […]

Listed platinum miner Zimplats has voiced its frustration over Zimbabwe’s volatile and complex fiscal framework, which it says is prone to conflicting interpretations and presents significant challenges for businesses. Disclosures by Zimplats, which is listed on the Australian Stock Exchange, were the latest to highlight the difficulties stemming from shifting tax policies and the uncertainty […]

THE Zambezi River Authority (ZRA) has announced that it will allocate 27 billion cubic metres of water to be shared equally between ZESCO and the Zimbabwe Power Company (ZPC) for power generation in 2025, with each utility receiving 13.5 billion cubic metres. Last year, ZRA announced that it had allocated 16 billion cubic metres of […]