News

ZIMBABWE’S industries have been hit harder than anticipated by a massive power tariff hike in November last year, leading to a 15% increase in costs for mines and causing widespread disruptions across various sectors. Business leaders told the Zimbabwe Independent that the tariff increase, estimated at about 44%, had forced some mines to abandon expansion […]

CALEDONIA Mining Corporation is expected to invest US$22 million in capital expenditure at its Zimbabwe-based Blanket Mine (pictured) by the end of the second half of this year, according to sources. The miner had initially halted capex spending after disappointing production results in late 2023 and the first six weeks of 2024. However, after turning […]

RIOZIM Limited has lost the battle with the Defence ministry over 200 mine claims after the High Court struck the case off the roll saying the application was defective. RioZim had cited Defence and Mines ministers as respondents in the application. The mining company had approached the court seeking a review of the Defence minister’s […]

ZIMBABWE Diamond and Allies Minerals Workers Union (ZIDAMWU) general secretary Justice Chinhema has urged mine operators to pay decent wages to enable employees to build their own houses instead of staying in substandard compounds. Chinhema made the call during a Press briefing on Wednesday, ahead of the union’s congress that started today in Bulawayo. He […]

THE Zimbabwe Consolidated Diamond Company (ZCDC) is targeting to produce 5,7 million carats by year end and double that amount for 2025, after ramping up production. In a statement, ZCDC board chairperson Munashe Shava said the company has come up with various initiatives to offset the falling commodity prices. “Commodity prices are currently depressed on […]

The influx of Chinese companies into Zimbabwe’s mining sector since year 2000 has significantly improved exploration and mining of minerals such as lithium, diamonds, chrome and black granite. While their investment has been a welcome development, there has been repeated calls by local communities, civic society and human rights groups for Chinese companies to adopt […]

BIKITA Minerals is set to invest about US$500 million in a lithium sulphate plant at its mine in a major boost to Zimbabwe’s industrialisation push. This strategic move aligns with the global surge in demand for battery-grade lithium, a critical element in the worldwide transition to renewable energy. Masvingo Provincial Affairs and Devolution permanent secretary […]

POWER utility ZESA Holdings has entered into an agreement with an Indian company Jindal Steel and Power for generation of electricity in Zimbabwe. The deal worth US$5 billion will see Jindal Steel and Power refurbishing the antiquated power generation units in Hwange. The maintenance of the units will increase the power generation in Zimbabwe to […]

THE mining activities currently taking place around the country, which have seen a proliferation in Chinese miners, have been described as “organised crime” amid concerns they leave communities where they operate from poor and underdeveloped. The remarks were made by Centre for Natural Resource Governance founding director Farai Maguwu during a virtual discussion organised by […]

AUSTRALIAN energy firm, Invictus Energy Limited, has appointed Victoria McLellan as its chief financial officer (CFO), effective on Monday this week. McLellan’s appointment comes following the Australian Stock Exchange (ASX) listed firm listing on the Victoria Falls Stock Exchange on August 2. The listing was part of the company’s US$10 million institutional placement launched on […]