News

THE construction of a US$13 million solar power plant at Blanket Gold Mine in Gwanda is expected to begin in the second half of the year. Last year, the gold operation through its parent firm, Caledonia Mining Corporation announced that it had been issued a licence by the Zimbabwe Energy Regulatory Authority (Zera) to build […]

A LOCAL company, Nevada 4 Gold Mine, has invested US$2 million into a gold processing plant in Maphisa under Matobo District in Matabeleland South province. The new business will reclaim the yellow metal from the mine’s disused dump sites, which are estimated to have 300 000 tonnes from which between 20 kilogrammes or 30kg of […]

KWEKWE-based ferrochrome producer, Zimasco’s plans to commence production on its Western Plant have hit a snag amid reports that the company has to first clear a US$7 million debt to the power utility, Zesa. The debt arrears were reportedly accrued by South African company, Portnex International, which was using the plant’s three furnaces on a […]

Russian investor IR Trading Limited could be on its way out of coal miner Liberation Mining Company peeved by the escalating dispute with local shareholders and the gloomy prospects for the fossil fuel. The developments are threatening the revival of the mine with the Russian shareholders now pulling out of the investment. Liberation Mining Company’s […]

THE Minerals Marketing Corporation of Zimbabwe (MMCZ) has started rolling out training programmes for youths artisanal and small-scale miners as a way of formalising them and curbing smuggling of the precious mineral out of the country. The training programmes are also meant to boost their production capacity and compliment the country’s target to turn the […]

FORMER Delta chief executive officer (CEO) Joe Mtizwa, has been appointed non-executive director and deputy chairperson of Australia Stock Exchange (ASX) oil and gas exploration junior, Invictus Energy Limited. Mr Mtizwa is the current chairperson of Mangwana Capital, an investment vehicle that holds a major stake in Invictus Energy’s wholly owned Zimbabwean unit, Invictus Energy […]