News

AUSTRALIA Stock Exchange-listed oil and gas explorer, Invictus Energy yesterday requested government to expand its exploration claims in Muzarabani by 10 times, marking another phase in the firm’s hunt for its first find in Zimbabwe. Invictus, which has already reported major milestones at the potentially lucrative project, said increasing its exploration fields would be key […]

Mineral output is projected to rebound in the second half of this year after production fell across the sector in the first quarter compared to the same period the prior year Mining is Zimbabwe’s single largest foreign currency earner, accounting for over 70 percent of export receipts. Major exports include gold, platinum, chrome and diamond. […]

Stainless steel manufacturer and parent company for Afrochine – Tsingshan Group’s continued investments in the country and latest project in Chivhu, will be a game changer for Mashonaland East Province and the whole country in the medium to long term. From job creation, exports and enhanced foreign currency earnings to massive infrastructure development projects, the […]

Stakeholders from across Zimbabwe’s mining industry meet in Victoria Falls starting today until Saturday, focussed on discussing issues troubling operators, strategies and policy proposals to optimise mineral production and value addition. President Mnangagwa, who declared Zimbabwe open for business since his administration took over the reins in November 2017, will headline the event and is […]

THE Zimbabwe Anti-Corruption Commission (Zacc) says it has started investigating the black granite mining industry in Mutoko following reports that local authorities were being paid peanuts in taxes by mining companies. Mutoko Rural District Council claims that it is getting a paltry US$1 per tonne of black granite mined from the area. This was revealed […]

Cabinet yesterday approved three joint venture agreements (JVAs) that were recommended by the Zimbabwe Investment and Development Agency (ZIDA), as more private firms partner Government in mutually beneficial investment projects. The three proposed joint ventures were presented to Cabinet yesterday by the Minister of Finance and Economic Development, Professor Mthuli Ncube. They are the proposed […]

The Hwange Thermal Power Station expansion project closed the first quarter at 62,54 percent from 58,29 completion at the beginning of the year after being negatively affected by interim payment certificate delays and the Covid-19 pandemic. The expansion programme entails the addition of Units 7 and 8 with each unit expected to generate 300MW. In […]

Zimbabwe’s ambitious value addition got a boost yesterday after Dinson Colliery Company had its successful first production of coking coal at its Hwange plant. The company, which is a subsidiary of Chinese global investor, Tsingshan Holding Group, plans to produce about 400 tonnes of coke per day in the near future to meet both local […]