News

TRAINING and Advisory Services (TAS) managing director Webster Sigauke has said data collection for environmental, social and governance (ESG) reporting remains a challenge as most companies cannot track their sustainability efforts. At the beginning of the year, the Zimbabwe Stock Exchange mandated that all listed entities on the bourse and the Victoria Falls Stock Exchange […]

THE Sheriff of Zimbabwe has been ordered by the High Court to attach all properties owned by the Al Jazeera Media Network in Zimbabwe as security costs after one of its sources in the investigative documentary Gold Mafia filed an application suing them for US$2 million. Mehluli Dube, the applicant, had approached the court claiming […]

Gas exploration company, Zim Gas, is optimistic that it would successfully drill at least 10 wells in Zimbabwe’s Western region confident, beginning in the first quarter of next year. The project, according to the company executives, has garnered huge interest from corporates including cash-rich diversified conglomerate, Innscor Africa Limited and one of leading retailers in […]

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 […]